The 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.
I’ll believe the data on expansion when they actually publish where the usf funding went for the phantom wireline upgrades.
It went to their bank account and they added maybe an Inch of copper to count as the upgrade.
An inch I’d say a fraction of an inch.