AT&T Legal Chief Saw Pay Package Plunge, Gets Far Better News

March 24, 2022, 9:45 AM UTC

AT&T Inc.’s law department leader David McAtee saw his annual compensation return to prior levels in 2021, a year in which the company agreed to sell off its media assets in a $43 billion deal as he fought cancer.

McAtee received more than $10.5 million in total compensation last year, according to a proxy filing this week by the Dallas-based telecommunications company. McAtee’s pay package represents a more than 43% dip from the $18.6 million he earned during 2020, which included a roughly $9 million equity award.

That stock bonus wasn’t the first that McAtee received in the decade that ...

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