AT&T, Verizon Legal Chiefs Received $20 Million Last Year (1)

AT&T Inc. and Verizon Communications Inc. gave almost $20 million in total compensation to their top lawyers last year, according to securities filings.

David McAtee II, general counsel at AT&T, saw his total compensation increase slightly to nearly $11.3 million in 2022, per a Tuesday proxy statement. Verizon’s Craig Silliman received more than $8.6 million from the telecommunications giant last year, according to a similar document filed March 27.

The pay packages come as both companies have reportedly shed thousands of staffers in recent months. AT&T cut marketing and sales jobs, while Verizon parted ways with workers as ...