[ NNSquad ] AT&T punishes CEO for failed T-M merger by cutting his pay by $2M

[Lauren Weinstein <lauren@vortex.com>]

AT&T punishes CEO for failed T-M merger by cutting his pay by $2M

http://j.mp/w9jv02  (Huffington)

   "NEW YORK -- AT&T Inc.'s board cut CEO Randall Stephenson's 2011 pay by
    $2.08 million because he engineered the failed deal to buy T-Mobile
    USA, according to a regulatory filing Tuesday.  Opposition from
    federal antitrust regulators forced the Dallas-based phone company to
    give up on the $39 billion deal in December. That meant it had to hand
    over $4.2 billion in cash and spectrum rights to T-Mobile as a
    so-called "break-up fee" to compensate T-Mobile for the failure."

 - - -

Yep, that'll teach him!  All he has left as his current pay
package is a measly $18.7 million.  Expect to see him joining
the Occupy movement any day now!

--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren 
Co-Founder: People For Internet Responsibility: http://www.pfir.org 
Founder:
 - Data Wisdom Explorers League: http://www.dwel.org
 - Network Neutrality Squad: http://www.nnsquad.org 
 - Global Coalition for Transparent Internet Performance: http://www.gctip.org
 - PRIVACY Forum: http://www.vortex.com 
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://vortex.com/g+lauren / Twitter: http://vortex.com/t-lauren 
Tel: +1 (818) 225-2800 / Skype: vortex.com


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