Thread regarding AT&T layoffs

At least our top lawyer is getting rich

Our top legal mind - 3rd in compensation behind only Google & Apple. I wish I could say the same for our 10 year stock appreciation compared to those companies!

https://news.bloomberglaw.com/business-and-practice/10-general-counsel-who-snagged-big-compensation-packages-in-2020

David McAtee, AT&T Inc.
Telecommunications giant AT&T Inc.’s senior executive vice president and general counsel David McAtee was awarded more than $18.6 million in total compensation. Nearly half came in the form of a $9 million “career retention grant” that was granted in 2020 but will vest in 2030. McAtee joined Dallas-based AT&T in 2012 and became its top lawyer in 2015.

Last June, AT&T laid off thousands of employees as part of a $6 billion cost-saving plan that was given a “head start” by Covid-19. Some AT&T executives, including the company’s CEO John Stankey and chairman Randall Stephenson, opted to take salary reductions in the second half of 2020 due to “unprecedented uncertainty and global economic stress,” according to the filing, though no such reduction was disclosed for McAtee.

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Post ID: @OP+1bettsBs

6 replies (most recent on top)

He gets paid to keep his mouth shut!!!

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Post ID: @2dar+1bettsBs

When you consider how much shady "ish" is going on around around here daily, and the burden involved in covering that all up, it starts to make sense.

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Post ID: @1zvj+1bettsBs

yep att likes their lawyers. makes you think they are a lawyer firm more than a telecom company.

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Post ID: @iob+1bettsBs

Not to mention access to the corporate jet for “medical treatments”!!

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Post ID: @uns+1bettsBs

Hate it when there are people making more money than me.

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Post ID: @cjw+1bettsBs

Best to pay off the person that knows where all the bodies are buried!

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Post ID: @oeg+1bettsBs

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