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AT&T CEO gets his pay slashed after failed T-Mobile takeover
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The following comments relate to this news article:
article published on 22 February, 2012
AT&T CEO Randall Stephenson has had his 2011 salary slashed by $2 million following the company's failed bid to acquire T-Mobile.
The board of directors at the company noted the pay cut was directly tied to the takeover attempt and its expensive fallout.
Because of the failed takeover, AT&T had to pay a $3 billion breakup fee (the largest ever) to T-Mobile parent Deutsche Telekom, ... [ read the full article ]
Please read the original article before posting your comments.
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22. February 2012 @ 19:51 |
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Good.
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Steel-Ice
Junior Member
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22. February 2012 @ 21:50 |
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Two million is chump change to him.
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nbfreak2
Member
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22. February 2012 @ 22:08 |
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Why do I get the feeling my phone bills about to go up??????!!!!!lol
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Senior Member
2 product reviews
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22. February 2012 @ 22:56 |
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So he loses 2 million yet customers have the extra $18 fee tacked onto their newly upgraded phones?
"Cable thief is a victimless crime."
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Member
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23. February 2012 @ 01:57 |
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Originally posted by plutonash:
So he loses 2 million yet customers have the extra $18 fee tacked onto their newly upgraded phones?
I guess we *all* know who will end up paying for this...
Connection reset by phear...
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Senior Member
1 product review
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23. February 2012 @ 11:40 |
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It's all a PR stunt. He'll probably get it back 10 fold in bonus' due to the doubling of the 'tech upgrade' for continuing customers.
In the past, 10K lower ranking employees would have gotten the axe & this idiot would have been given a raise & told what a wonderful job he had done.
I guess you 'could' call this some kind of progress, but I'm still skeptical.
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Member
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23. February 2012 @ 17:43 |
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wow, how does at&t expect the guy to survive?...he surely can't wipe his ass with 100 dollar bills anymore.
your conscience doesnt absolve your guilt
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AfterDawn Addict
1 product review
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24. February 2012 @ 18:13 |
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Originally posted by B2D327:
wow, how does at&t expect the guy to survive?...he surely can't wipe his ass with 100 dollar bills anymore.
Now he can only do it every few minutes...not 24-7 like he was doing. :)
Seriously tho...why is this guy even still there? Nevermind the money lost...it is nothing to a company like AT&T...HE GAVE A HUGE EDGE TO T-MOBILE! The spectrum they got will put them right about even with AT&T in terms of coverage licensing, and the money they got will go towards building towers that will allow them to use most of that coverage licensing. T-Mobile is ready to replace sprint as #3...and there is a real possibility that they could be #2 within a decade. If that were not enough, they seem to want to encourage people to go to T-Mobile by hitting them with annoying, BS fees when it comes time to renew their contracts. If I didn't know better (and I don't) I would think this guy was taking money from T-Mobile under the table.
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Senior Member
1 product review
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25. February 2012 @ 14:06 |
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Originally posted by KillerBug:
If I didn't know better (and I don't) I would think this guy was taking money from T-Mobile under the table.
I'd say you hit it right there. We'll probably hear about his resignation 90 days from now & then he'll reemerge some 6 months later as a mogul in the T-mobile ranks riding atop an gilded palanquin.
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