The 15 highest paid CEOs in wireline in 2012

money

Highest paid executives wirelineWho are the highest paid CEOs in the wireline segment of the telecom industry? FierceTelecom examines the salary and compensation rates of chief executives at 15 publicly traded service providers. (Image source: iStockPhoto)

There aren't any surprises at the top of our list. Once again, the highest paid wireline telecom executives were Verizon's (NYSE: VZ) Lowell McAdam and AT&T's (NYSE: T) Randall Stephenson.

However, as seen with last year's executive compensation report, there were fluctuations.

Both McAdam and Stephenson saw their total compensation drop in 2012. McAdam's compensation fell to $23.1 million in 2011 when he was promoted to CEO of Verizon, and it dropped again to $14.05 million in 2012. Likewise, Stephenson saw his compensation decline from $27.3 million in 2011 to $22 million in 2012.

Another notable entry on our list is Level 3's (NYSE: LVLT) Jeff Storey, who saw his compensation jump from $5.6 million to $10.6 million. He took over the CEO reins from James Crowe earlier this month.  

But it wasn't just the large telcos where shifts in compensation and leadership occurred. Changes were also seen at both Consolidated Communications (Nasdaq: CNSL) and Lumos Networks (Nasdaq: LMOS).

Bob Currey, CEO of Consolidated, entered our list after his company purchased SureWest, although his total compensation declined from $1.92 to $1.3 million. Meanwhile, Tim Biltz took over as CEO at Lumos Networks from James Hyde and reported total compensation of $2.96 million.

Take a look at our 15 highest-paid CEOs in 2012 below. Salary and compensation data comes from publicly available filings made to the U.S. Securities and Exchange Commission.

P.S. Don't forget to check out our sister publication FierceWireless' 10 highest paid executives in wireless feature where executives with key wireless vendors and service providers are examined, including Apple, Ericsson, and US Cellular.

Robert Currey, Consolidated Communications
Total Compensation (2012): $1.3 million
Total compensation (2011): $1.92 million
Salary: $370,000
Other Compensation (stock awards, bonuses, etc.): $553,119
Duration with Company: rejoined company in 2002 (served as president from 1990-1997). Consolidated acquired SureWest in 2012.

Robert Currey, Consolidated

Paul H. Sunu, FairPoint
Total compensation (2012): $1.67 million
Total compensation (2011): $1.42 million 
Salary: $768,750
Other Compensation (stock awards, bonuses, etc.): $906,000
Duration with Company: Since 2010

Paul Sunu

Eric K. Yeaman, Hawaiian Telcom
Total compensation (2012): $1.79 million
Total compensation (2011): $1.29 million
Salary: $706,231
Other Compensation (stock awards, bonuses, etc.): $1.09 million
Duration with Company: Since 2008

Erik Yeaman

David A. Wittwer, TDS Telecom
Total compensation (2012): $2.43 million
Total compensation (2011): $2.29 million
Salary: $533,000
Other Compensation (stock awards, bonuses, etc.): $1.88 million
Duration with Company: Since 1983

David Wittwer

Timothy Biltz, Lumos Networks
Total compensation (2012): $2.96 million
Total compensation (2011): n/a
Salary: $288,237
Other Compensation (stock awards, bonuses, etc.): $2.64 million
Duration with Company: 1 year (took over from James Hyde in 2012)

Tim Biltz, Lumos

Ian Paul Livingston, BT
Total compensation (2012): £2.51 million ($3.91 million)
Total compensation (2011): £2.36 million ($3.8 million)
Salary: £1.78 million ($2.76 million)
Other Compensation (stock awards, bonuses, etc.): £1.58 million ($2.46 million)
Duration with Company: Since 2008

Ian Paul Livingston

Maggie Wilderotter, Frontier
Total compensation (2012): $5.91 million
Total compensation (2011): $6.72 million
Salary: $1.0 million
Other Compensation (stock awards, bonuses, etc.): $3.45 million
Duration with Company: Since 2004

Maggie Wilderotter, Frontier

John F. Cassidy, Cincinnati Bell
Total compensation (2012): $6.75 million
Total compensation (2011): $6.06 million
Salary: $708,769
Other Compensation (stock awards, bonuses, etc.): $6.04 million
Duration with Company: Since 2002

John F. Cassidy, Cincinnati Bell

Jeff Gardner, Windstream
Total compensation (2012): $7.9 million
Total compensation (2011): $9.78 million
Salary: $998,615
Other Compensation (stock awards, bonuses, etc.): $7 million
Duration with Company: Since 2005

Jeff Gardner, Windstream

Glen F. Post III, CenturyLink
Total compensation (2012): $8.73 million
Total compensation (2011): $8.55 million
Salary: $1.05 million
Other Compensation (stock awards, bonuses, etc.): $7.68 million
Duration with Company: Since 1982.

Glen F. Post III

Larissa Herda, tw telecom
Total Compensation 2012: $9.62 million
Total compensation (2011): $9.7 million
Salary: $897,500
Other Compensation (stock awards, bonuses, etc.):  $8.73 million
Duration with Company: Been with company since July 1998.

Larissa Herda, tw telecom

George A. Cope, Bell Canada
Total compensation (2012): $10.4 million
Total compensation (2011): $9.6 million
Salary: $1.23 million
Other Compensation (stock awards, bonuses, etc.): $9.84 million
Duration with Company: Since 2005

George Cope, Bell Canada

Jeff Storey, Level 3 Communications
Total compensation (2012): $10.9 million
Total compensation (2011): $5.6 million
Salary: $650,000
Other Compensation (stock awards, bonuses, etc.): $10.3 million
Duration with Company: Joined company in 2008 as COO and became CEO in April 2013.

Jeff Storey, Level 3

Lowell McAdam, Verizon
Total compensation (2012): $14.05 million
Total compensation (2011): $23.1 million
Salary: $1.4 million
Other Compensation (stock awards, bonuses, etc.): $12,649,100 (*In 2011, McAdam received $18,750,099 in stock awards, and only $8,750,055 in that category in 2012.)
Duration with Company: Since 2000

Lowell McAdam, Verizon

Randall Stephenson, AT&T
Total compensation (2012): $22.01 million
Total compensation (2011): $27.3 million
Salary: $1.55 million
Other Compensation (stock awards, bonuses, etc.): $20.46 million
Duration with Company: Since 2007

Randall Stephenson, AT&T

 

The 15 highest paid CEOs in wireline in 2012

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