Randall L. Stephenson

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Randall L. Stephenson
Randall Stephenson, CEO of AT&T.jpg
Stephenson at the 2008 World Economic Forum
Born (1960-04-22) April 22, 1960 (age 54)
Oklahoma City, Oklahoma, USA
Nationality American
Alma mater University of Central Oklahoma, University of Oklahoma
Occupation Chairman & CEO at
AT&T, Inc. (2007-)
Salary US$ $1,633,333 (2013)

Randall L. Stephenson (born April 22, 1960 in Oklahoma City, Oklahoma) is an American business executive.

Stephenson is the current chairman and chief executive officer of AT&T Inc. He succeeded Edward E. Whitacre, Jr. in 2007. He was senior executive vice president and chief financial officer of Southwestern Bell Telephone Company, which he joined in 1982. He was elected as a director of AT&T Inc. in June 2005. He also serves as a director of AT&T Mobility and Emerson Electric Co.[1]

He holds a B.S. from the University of Central Oklahoma and an MBA from the University of Oklahoma. Stephenson is also a current member of the Council on Foreign Relations.[2]

Stephenson is a member of the National Executive Board of the Boy Scouts of America, the organization's governing body.[3] He, as well as fellow boardmember James Turley, CEO of Ernst & Young, have publicly opposed the BSA's policy banning openly gay Scouts and stated their intention "to work from within the BSA Board to actively encourage dialogue and sustainable progress" in changing the policy.[4][5]

Career timeline[edit]

  • Late 1980s through 1990s — He progresses through a series of leadership positions in finance, including an international assignment in Mexico City.
  • July 2001 — Stephenson is appointed Chief Financial Officer for SBC, helping the company reduce its net debt from $30 billion to near zero by early 2004.
  • November 2005 — Stephenson continues as COO following SBC's acquisition of AT&T. He is responsible for all wireless and wireline operations at AT&T.

Compensation[edit]

In 2009, Stephenson's compensation as CEO of AT&T totaled $20,240,457, including a base salary of $1,450,000, a cash bonus of $5,850,000, options grants worth $75,834, stock grants worth $11,999,991, and other compensation totaling $864,632.[8]

In 2010, compensation totaled $20.2 million, a sum that was unchanged from the previous year which equated to a 6 percent increase over 2009.[contradiction] His cash incentive payment totaled $5.05 million, down 14 percent from the year before. Most of his 2010 compensation was in the form of options and performance-based stock awards valued at $13.2 million, up 10 percent from 2009.[9]

According to a February 2012 regulatory filing, Stephenson's compensation for 2011 was cut by "more than $2 million" in response to the effect that the failed attempt to purchase T-Mobile USA had had on AT&T's bottom line.[10] His total compensation for 2011 was $22 million, an 18.5% drop from the $27 million he received the previous year.[10]

In 2013, Stephenson received $23,247,167 in total compensation, with a base salary of $1,633,333.[11]

References[edit]

  1. ^ "Stephenson, Randall". Reuters. Retrieved 25 March 2013. 
  2. ^ "Membership Roster - Council on Foreign Relations". Cfr.org. Retrieved 2012-09-15. 
  3. ^ Boy Scouts of America Annual Report 2011
  4. ^ Cobb, Joshua (July 17, 2012). "AT&T CEO commits to ending ban on gay Boy Scouts, leaders". Retrieved January 10, 2013. 
  5. ^ McGregor, Jena (July 19, 2012). "After Boy Scouts of America reaffirms exclusion of gays, the biggest leadership question remains". The Washington Post. Retrieved January 10, 2013. 
  6. ^ "WSJ on Randal Stephenson". Online.wsj.com. Retrieved 2012-09-15. 
  7. ^ AT&T (December 19, 2011). "AT&T Ends Bid To Add Network Capacity Through T-Mobile USA Purchase". AT&T. 
  8. ^ "2009 CEO Compensation for Randall L. Stephenson". Equilar. 
  9. ^ "AT&T CEO 2010 pay totals $20.2M, flat with 2009". Wall Street Journal. 
  10. ^ a b Stacy Cowley (February 22, 2012). "AT&T CEO pay docked $2 million for T-Mobile debacle". CNNMoney. Retrieved 2012-02-23. "Despite a 'strong operational performance,' Stephenson's compensation was slashed by 'more than $2 million' as a reflection of the heavy toll T-Mobile took on the company's bottom line, AT&T said." 
  11. ^ "Randall Stephenson: Executive Profile and Biography". Bloomberg Businessweek. 

External links[edit]