SBC chairman nets $10M bonus
by Taoron 11:43AM Wednesday Feb 05 2003
Edward Whitacre Jr., chairman and chief executive officer for telephone services provider for SBC Communications, received a 2002 restricted stock award valued at about $10 million, according to information filed with the U.S. Securities and Exchange Commission.
The award was granted last Thursday, the SEC filing stated Tuesday.
San Antonio-based SBC also reduced Whitacre's annual stock option grant by two-thirds during 2002. His salary and special bonus for the year were $5.9 million and $10.5 million, respectively. Full Story