AT&T CEO Salary Climbs to $28.7 Million
Randall Stephenson "will discuss our business and strategy to create the best entertainment and communications experiences in the world" at AT&T's shareholder meeting on April 27.
Randall Stephenson, CEO of AT&T, the giant telecommunications company that owns DirecTV and is trying to acquire Time Warner, was paid $28.7 million in 2017, up from $28.4 million the year prior, according to a regulatory filing on Monday.
John Stankey, whose official title nowadays is senior executive vp – AT&T/Time Warner integration planning, made $10.1 million, down from $12.8 million a year before.
Stankey made less than $1 million in base salary and the bulk of his compensation was made up of $7 million in stock awards.
Stephenson's base salary was $1.8 million and his stock award was $16.7 million.
Stephenson said in Monday's filing that AT&T's shareholder meeting will be held April 27 in Dallas, where he and top management "will discuss our business and strategy to create the best entertainment and communications experiences in the world."
Regulators, though, are so far balking at AT&T's plan to pay $85.4 billion for Time Warner.
"The next step in executing our strategy is our pending acquisition of Time Warner," Stephenson said in Monday's filing. "Despite the U.S. Department of Justice’s decision to challenge the acquisition in court, we remain confident we will complete this merger, and we look forward to bringing its benefits to both our customers and investors."