What's in Their Wallets? -- Campaign Update

February 21, 2009

AT&T's executives have asked us to consider the economic realities when evaluating their proposed agreement. Let's take a look at the economic realities of the executives' just-released 2008 compensation: AT&T's top 5 executives were rewarded a total of $33.5 million dollars last year.

 

AT&T 2008 Executive Compensation
Randall Stephenson, Chairman, CEO & President	$11,565,255
Richard Lindner, Sr. Exec. Vice President & CFO	$ 4,623,241
Ralph de la Vega, President & CEO, AT&T Mobility & Consumer Markets	$ 6,150,645
Forrest Miller, Group Pres., Corp. Strategy & Dev.	$ 5,517,097
John Stankey, President & CEO, AT&T Operations	$ 5,595,671
Total for top execs in 2008:	$33,451,909
Source: AT&T preliminary proxy statement filed 2/17/09

 

These amounts include not just the cash they take home, but a large array of Company-paid perks like financial counseling, tax preparation, car benefits, personal use of Company aircraft, supplemental health insurance premiums, club membership, and home security.

There's also a group of part-timers at AT&T who are doing well: The members of AT&T's board of directors were paid an average of more than $275,000 each. (Average for the 13 directors who served for all of 2008.)

We aren't asking for millions or for seats on the company jet. We want a fair contract that rewards our hard work and helps us take care of our families and our futures.  Together, we'll get it.