ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

Sprint, Ignoring IPhone's Hefty Impact, Boosts CEO's Total Pay

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Sprint Nextel Corp. (S) boosted Chief Executive Dan Hesse's total 2011 compensation by 31% to $11.9 million, due largely to an increase in his stock awards and a cash bonus that ignored the expense of carrying the Apple Inc. (AAPL) iPhone. Hesse was awarded an $829,322 bonus and an increase in his stock awards to $3.2 million from $1.7 million in 2010, according to a preliminary proxy statement filed Monday by Sprint. Hesse's salary was unchanged at $1.2 million. While Sprint lost 98,000 lucrative contract customers last year, rivals AT&T Inc. (T) and Verizon Wireless padded their user rolls, due in part to the draw of the iPhone and the widening reach of their high-speed mobile broadband networks, known as 4G LTE. Sprint carried the popular iPhone for last year's final three months, helping to stanch customer losses. "The Compensation Committee believed that our launch of the iPhone was an extraordinary circumstance" and was not included in the calculation for executives' short-term incentives, Sprint said of its board in the filing. Sprint committed to buying at least $15.5 billion in iPhones from Apple over the next several years, and said it wouldn't turn a profit on the device until 2015. Verizon Communications Inc. (VZ) tripled to $23.1 million, the total compensation of Chief Executive Lowell McAdam, who took on that role in August. AT&T, by contrast, shrunk CEO Randall Stephenson's 2011 package by more than $2 million, in part because of the failure of his $39 billion bid for Deutsche Telekom AG's T-Mobile USA, Joe Euteneuer, hired last year as Sprint's chief financial officer, was given $3.8 million in total compensation, including a $688,150 bonus and $930,557 in stock awards. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Att (T)
DateTimeHeadline
09/30/201403:30:14Reserve Bank of India Holds Rate
09/24/201419:56:57BlackBerry Unveils Its Passport Smartphone
09/22/201421:30:21RadioShack Supplier Declined to Help Rescue Effort
09/22/201414:09:34AT&T-Chernin Venture to Buy Fullscreen Stake -- Update
09/22/201411:40:04AT&T Venture Agrees to Buy Majority Stake in Fullscreen
09/22/201411:28:51AT&T-Chernin Joint Venture Agrees to Buy Majority Stake in Fullscreen
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/16/201400:40:05Apple Reports Record Preorders for New iPhone
09/11/201422:20:29Asian Shares Rise as Nikkei Pushes Higher
09/09/201401:57:21Amazon to Offer Fire Phone for 99 Cents
09/09/201401:56:53Amazon to Offer Fire Phone for 99 Cents With 2-Year Contract
09/07/201420:13:26New iPhone Faces Risk as Carriers Phase Out Subsidies
09/04/201400:00:25Bank of Japan Stands Pat on Policy
09/02/201402:05:46Australia's RBA Holds Interest Rates Steady
08/13/201421:02:04Telstra to Buy Back Up to A$1 Billion of its Shares
08/06/201414:15:12AT&T Considering Purchase of Houston Sports Channel -Bloomberg
08/06/201407:50:10Dish Network Swings To Profit
07/27/201406:18:09MARKET SNAPSHOT: What The M&A Surge Says About The Stock Market
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/23/201419:06:35Otter Media Near Deal for Majority Stake in Fullscreen -Re/code

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad