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It Takes More Than the Population of Atlanta to Cover AT&T Executives’ Lavish $55 Million in Salaries

Phillip Dampier March 11, 2015 AT&T, Consumer News, Editorial & Site News 3 Comments

fat cat attThe city of Atlanta has a population of just under 450,000. Assuming each resident subscribed to AT&T U-verse and paid an average of $100 a month apiece, that would total around $45 million, ten million less than what AT&T lavished on its top four executives in 2014:

  • AT&T CEO (and President and Chairman) Randall Stephenson’s 2014 compensation reached $24 million (up 3%);
  • Chief Financial Officer John Stephens’ total compensation shot up to $10.1 million (up 36%);
  • Head of AT&T’s Mobility (wireless) division Rafael de la Vega’s got a 14% raise to $10.1 million;
  • Chief Strategy Officer John Stankey strategized a way to grab a 33% pay raise for himself: $10.2 million.

While its top executives enjoy their Money Party, AT&T announced this week it would take a charge of $130 million to cover the “retirement” of nearly 3,000 workers who took the hint it was time to go. Fewer workers means more money for Randall & Co.

AT&T separately announced it has introduced rate increases for 2015 to boost needed revenue for its U-verse television and broadband platform. It also announced a 15% cut in investments in its network expansion and upgrade efforts for 2015.

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AC
AC
9 years ago

I’ll believe the data on expansion when they actually publish where the usf funding went for the phantom wireline upgrades.

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fndjdkdkdkj
9 years ago
Reply to  AC

It went to their bank account and they added maybe an Inch of copper to count as the upgrade.

AC
AC
9 years ago
Reply to  fndjdkdkdkj

An inch I’d say a fraction of an inch.

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