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.
AT&T has the worst costumer service, I’ve ever seen! and Randall Stephenson should resign Poll
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.
In 2010, compensation totaled $20.2 million. 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.
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. His total compensation for 2011 was $22 million, an 18.5% drop from the $27 million he received the previous year.
In 2013, Stephenson received $23,247,167 in total compensation, with a base salary of $1,633,333..
In April 2015, Stephenson was named as a defendant in a lawsuit filed by Knoyme King, an assistant at AT&T. According to King, Stephenson was complicit in covering up racist texts sent by then-President Aaron Slator. A group of demonstrators at AT&T’s headquarters in Dallas currently demand Stephenson resign immediately from AT&T for his role in the alleged cover-up. On April 28, 2015, it was reported that protesters were picketing outside Stephenson’s Preston-Hollow home and planned to continue the protest until AT&T resolved the pending $100 Million lawsuit from King as well as the $10 Billion suit from the NAAAOM over alleged failure to work with 100% black-owned media companies.