WarnerMedia CEO John Stankey's Salary Jumps to $16.55 Million
Meanwhile, AT&T CEO Randall Stephenson saw his compensation last year rise slightly to $29.1 million after the telecom giant acquired Time Warner, including HBO, Warner Bros., CNN and the Turner networks.
WarnerMedia CEO John Stankey, who is overseeing AT&T's takeover and integration of Time Warner, made $16.55 million in 2018, up 64 percent from $10.01 million a year before.
In an SEC filing on Monday, AT&T also reported that CEO Randall Stephenson, whose giant telecommunications company also owns and runs DirecTV, saw his total compensation last year rise to $29.1 million, against a year-earlier $28.7 million.
Stankey saw his base salary last year jump to $2.05 million, from a year-earlier $995,000, while the bulk of his compensation was made up of $6.88 million in stock awards and a $2 million bonus. The exec also saw his non-equity incentive plan more than double to $4.37 million.
Stankey is overseeing WarnerMedia’s reconfiguration to battle deep-pocketed content insurgents like Amazon and Apple.
Stephenson's salary remained unchanged at $1.8 million last year, and he received just over $17 million in stock awards and a $5.19 million non-equity incentive plan, both of which were consistent with last year's compensation levels.
With its recent merger, AT&T took control of Time Warner and its collection of media assets including HBO, Warner Bros., CNN and the Turner networks.
AT&T also said in a proxy statement that the telecom giant will hold its annual shareholders meeting on April 26 in Dallas.