As we enter the second quarter earnings season, FierceTelecom takes a look at the highest paid CEOs in the wireline segment of the telecom industry. In our new feature, The 15 highest-paid CEOs in wireline,we examine the salary and compensation rates of chief executives at 15 publicly traded service providers.
One of the interesting points in conducting this report was that there were some dramatic changes in the compensation rates of both Verizon (NYSE: VZ) CEO Lowell McAdam and AT&T CEO (NYSE: T) Randall Stephenson.
While McAdam's total compensation rose from $7.2 million in 2010 to $23.1 million in 2011, a factor related to his promotion to the CEO of Verizon Communications. In contrast, Stephenson's total compensation dropped precipitously, from $27.3 million in 2010 to $22.01 million in 2011 due to $2 million being cut from his compensation package because of the failed T-Mobile acquisition. Read more...