Bitcoin sets a new all-time high above $6,000 >>> READ MORE

7 Companies Paying Their CEOs More Than the Taxman

They made more in 2011 than their companies paid in federal income tax

    View All  

#7: AT&T

  • CEO: Randall Stephenson
  • Global profits: $3.9 billion
  • Corporate income tax: -$420 million
  • CEO pay: $18.7 million.
  • Stock change: 1.92%

Randall StephensonRandall Stephenson has run AT&T (NYSE:T) since 2007. He was a key part of management when AT&T combined with SBC to create a mammoth telephone company. Stephenson’s record has been mixed. He has presided over the rapid expansion of AT&T’s wireless business, which has more than offset the drop in its legacy landline operations. He has also managed the launch of fiber to the home TV to compete with cable. However, his ill-planned deal to take over No. 4 wireless company T-Mobile was rejected by the U.S. government. Aside from the time and effort that went into the proposed transaction, AT&T had to pay T-Mobile owner Deutsche Telekom a $4 billion breakup fee, $3 billion in cash and $1 billion in bandwidth. Stephenson had the right intentions. A successful transaction would have leapfrogged AT&T Wireless well beyond rival Verizon Wireless in the race for leadership for wireless subscribers. But when it comes to CEO compensation, effort takes a backseat to results.

More from 24/7 Wall St. — America’s Oldest Brands

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC