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AT&T Shareholders Vote Against Executive Compensation

April 30, 2021, 8:48 PM

AT&T Inc. shareholders voted against the telecom giant’s executive compensation, a symbolic rebuke to a company that reported pay packages of as much as $52.2 million in 2020.

Just under 49% of votes cast favored AT&T’s compensation, the company said in a statement Friday. Though such votes are nonbinding, Chairman William Kennard said the board would “further engage with our owners on this important topic.”

AT&T last year gave a $52.2 million pay package to Jason Kilar, the head of its WarnerMedia division, with $49 million taking the form of stock awards vesting over a four-year period. The executive,...

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