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Randall L. Stephenson

Executives at AT&T attend a news conference, where it was announced that AT&T will be buying its wireless rival T-Mobile USA from Deutsche Telekom AG for $39 billion in cash and stock on March 21, 2011 in New York City. (credit: Spencer Platt/Getty Images)

AT&T CEO Takes $2M Pay Cut Over T-Mobile Deal

AT&T Inc.’s board cut CEO Randall Stephenson’s 2011 pay by $2.08 million because he engineered the failed deal to buy T-Mobile USA, according to a regulatory filing Tuesday.

02/21/2012