NEW YORK (AP) — AT&T Inc. says CEO Randall Stephenson earned $21 million in 2012, a personal record, as his pay bounced back after a less than stellar 2011.
The phone company’s board lopped $2.1 million off Stephenson’s pay in 2011 because he engineered the failed deal to buy T-Mobile USA. Opposition from regulators meant AT&T had to abandon the project and hand over $4.2 billion in cash and spectrum rights to T-Mobile.
That was forgotten in 2012, when Stephenson’s pay was back in line with previous years, plus a little extra — his total was 4 percent higher than the $20.2 million he earned in 2010, according to a calculation by The Associated Press based on a regulatory filing Monday.
