2007 news from FierceTelecom
NewsLevel 3 CEO compensation hits$10.7 million
Level 3 Communications CEO James Crowe received compensation for 2007 totaling about $10.7 million, up from about $8.7 million in 2006. Level 3 had a dismal year, struggling through M&A Read more...
AP: Windstream CEO made $4.2 million
The latest in a series of Associated Press reports of CEO compensation shows that Jeffrey Gardner, CEO and president of independent telco Windstream Communications, took home $4.2 million during Read more...
China Telecom sees profit, local revenue dip
China Telecom is awaiting a major restructuring of the Chinese telecom industry that will see China Unicom divided in two and handed over to landline leaders China Telecom and China Netcom. That Read more...
Appeals panel gives Nacchio second chance
Former Qwest Communications CEO Joe Nacchio will get a do-over. A three-judge federal appeals panel issued a 2-1 ruling that Nacchio should get a new trial over charges of insider trading because an Read more...
Seidenberg takes home $20.3 million
Verizon Communications CEO Ivan Seidenberg saw his total compensation package reach about $20.3 million for 2007, a very slight increase over what Seidenberg was paid the previous year, according to Read more...
AT&T CEO collects $18 million in pay, perks
AT&T Chairman and CEO Randall Stephenson earned about $18 million last year-about $1.2 million in salary and the rest in performance-based bonuses and stock awards, according to BusinessWeek, Read more...
PCCW looks for international opportunities
Hong Kong service provider PCCW is stressing its desire to pursue international growth opportunities, after reporting earnings that showed a 20 percent increase in net income, but a seven percent Read more...
Sprint Nextel reports $29.5 billion loss
It was hard to find any silver lining in Sprint Nextel's fourth-quarter 2007 earnings report, though if there was one, it was the very faint glimmer of hope offered by a 75% increase in adjusted Read more...
Nortel to cut 2,100 jobs after big Q4 loss
Nortel Networks had been looking like a company in recovery for the last several months, but the Canadian vendor just reported an $844 million net loss for the fourth quarter of 2007, versus an $80 Read more...
Qwest net income increases, revenue slides
Qwest Communications is continuing to show improvement, as the carrier reported a profit increase for the fourth quarter of 89% to $366 million, from $194 million in Q4 2006. The net income boost Read more...
| Press ReleasesPress Release: Motorola Provides Preliminary Estimates of Second Quarter 2007 ResultsMotorola Provides Preliminary Estimates of Second Quarter 2007 Results SCHAUMBURG, Ill., July 11 -- Motorola, Inc. today announced preliminary estimates of second quarter 2007 financial results. Read more... |