19 Comments

Summary:

AT&T CEO Randall Stephenson will not be taking a multimillion-dollar bonus this year. No, it’s not going to hurt that much — his bonus last year, about $4.5 million, was roughly 25 percent of his income — but from a symbolic standpoint, it’s the right thing […]

AT&T CEO Randall Stephenson will not be taking a multimillion-dollar bonus this year. No, it’s not going to hurt that much — his bonus last year, about $4.5 million, was roughly 25 percent of his income — but from a symbolic standpoint, it’s the right thing to do. Like thousands of employees of his company, he won’t get a salary increase for the year, according to The Wall Street Journal. Details of his total compensation will be outlined in a forthcoming SEC filing. AT&T has been hurt by the weak economy and has announced that it will cut 4 percent — 12,000 jobs — of its workforce. (My post after a conversation with Randall last year.) (Photo Courtesy ZDNet/Dan Farber)

  1. It’s the right thing to do…. well that’s around 25% of his income, so he makes well over 12mil a year. He doesn’t even need a bonus, and it wouldn’t effect him if he decreased his salaries as well.

    Share
  2. Good for him–and AT&T shareholders. Hopefully other CEOs will follow suit.

    Share
  3. [...] GO informs – AT&T CEO Randall Stephenson will not be taking a multimillion-dollar bonus this year. No, it’s not going to hurt that much — his bonus last year, about $4.5 million, was roughly 25 percent of his income — but from a symbolic standpoint, it’s the right thing to do. Like thousands of employees of his company, he won’t get a salary increase for the year, according to The Wall Street Journal. Details of his total compensation will be outlined in a forthcoming SEC filing. AT&T has been hurt by the weak economy and has announced that it will cut 4 percent — 12,000 jobs — of its workforce. (My post after a conversation with Randall last year. [...]

    Share
  4. It is the right thing to do. All of this highpaid CEO’s should be doing this. Especialy those running companies into the ground or not showing profit.

    Good for you Randall Stephenson.

    Share
  5. awww, poor baby. how will he survive on only his 10M/year salary? there are programs out there for people down on their luck. he’s probably too proud to sign himself up so i took the liberty to fill out an application for him. randall, you should be getting your harvesters call any time now. CEO’s, ex-CEO’s and bod’s that compensate them can bite me.

    Share
  6. Yes but they gave eachother stocks @ 0 cost worth millions! And gave the hard working employees 0 team award.
    Oh yeh and at@t made a net profit of 12.87 billion… Yes billion!

    Share
  7. Yea, and Att still refuses to repair/replace my grandsons cell phone Seems it was a refurbished phone but when he purchased it on line at Ft Gordon, Ga they did not tell him it only had a 30 day warranty. Now they will not repair it, the charger port is broken. Nor will they let himupgrade. Sweet AT&T

    Share
  8. For us it means that a part of the income that we depend on to live, not just spend is not coming. We did not get this info in time to re-adjust. We are trying to stay afloat and this could sink the ship. Maybe the little people could share his bonus. I’m sure it would be larger than what my hubby with 30 years usually gets, about 1800.00.

    Share
  9. We all like to hate the telcos, but let’s be real; they are NOT doing damage to the economy like the financial institutions have.

    Share
  10. Yet, he forgot to mention selling his share of stock he received as a sign in bonus, before he declined the bonus.

    Share

Comments have been disabled for this post