https://www.bizjournals.com/dallas/news/2020/03/12/at-t-ceo-pay-raise.html
“AT&T Inc.’s Randall Stephenson was able to score a double-digit gain in compensation for the first time in three years – and other execs fared well too.
AT&T Inc.’s Randall Stephenson was able to score a double-digit gain in compensation for the first time in three years – and other execs fared well too.
The CEO received a total package of $32 million in 2019, a 10 percent gain from the year-ago period, according to a regulatory filing. That’s the biggest gain since 2016 with Stephenson seeing increases of less than 2 percent in each of the two years after that, according to another document on file with the U.S. Securities and Exchange Commission.
The payout came as a chief operating officer was named last year with John Stankey, whose promotion made him the key executive in line for the top job. He saw a huge gain in compensation after holding the position of CEO of WarnerMedia, jumping to $22.5 million, or 36 percent.
AT&T (NYSE:T) is coming off a year that showed some progress. That included emerging victorious after another court battle with the U.S. Department of Justice over the acquisition of Time Warner, paying down billions of dollars in debt and working through an activist investor’s pressure.
CFO John Stephens saw an increase again in 2019, though smaller than in 2018. David McAtee, general counsel, saw a decrease in total compensation after his bonus was reduced. That extra payout in 2018 was tied to the completion of the acquisition of the Time Warner deal.
Stephenson’s salary of $1.8 million was unchanged while stock awards showed the biggest gain, rising to $19.8 million. Stankey’s salary rose, along with every other item except for “all other compensation,” which includes personal benefits and life insurance.“