AT&T Files Annual SEC Report, CEO Makes $22.2 Million
AT&T yesterday filed its annual report with the SEC, revealing the 2012 compensation rates for CEO Randall Stephenson and CEO of AT&T Mobility, Ralph De La Vega.
Stephenson’s salary held steady at $1.55 million but his annual total compensation rose a little from $22 million to $22.2 million. De La Vega did receive a pay increase of around $18,000, raising his salary to $872,500, but his total compensation jumped more than $2 million from 2011 to $11.9 million.
In a section titled “Compensation Philosophy and Best Practices,” AT&T stated that 92 percent of the CEO’s compensation (and 87 percent for all other named named executive officers) is tied directly to company performance.
In 2012, AT&T reported $127.4 billion in consolidated revenue and that its mobile data revenue grew 18 percent to $27 billion.
In a section detailing matters to be voted on by the board, AT&T recommended the board vote against a stockholder proposal calling for a political contributions report, claiming that such a filing would be “duplicative” of the Political Engagement Report the company already files.
The Political Engagement Report AT&T filed for January-June 2012 heavily details the company’s contributions, which it appeared to make to nearly every House member’s PAC in amounts ranging from $500 to $5,000.