| Randall L. Stephenson | |
|---|---|
Stephenson at the 2008 World Economic Forum |
|
| Born | April 22, 1960 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$ 20,240,451 (2008) |
Randall L. Stephenson (born April 22, 1960 in Oklahoma City, Oklahoma) is an American business executive.
Stephenson replaced Edward E. Whitacre, Jr. as chairman and chief executive officer of AT&T Inc. 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.
He holds a B.S. from the University of Central Oklahoma and an MBA from the University of Oklahoma.
Contents |
1982 — Stephenson begins his career with Southwestern Bell Telephone in the information-technology organization in Oklahoma.
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.
2003 to 2004 — Stephenson serves as Chairman of the Board of Directors for Cingular Wireless.
April 2004 — Stephenson is named Chief Operating Officer of SBC.
December 2004 — President Bush announces his intention to appoint Stephenson to the National Security Telecommunications Advisory Committee.
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.
April 27, 2007 — AT&T announces Stephenson will succeed Chairman and Chief Executive Edward Whitacre when he retires in June. [1]
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.[2]
In 2010, compensation totaled $20.2 million for 2010, a sum that was unchanged from the previous year which equated to a 6 percent increase over 2009. 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. [3]