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SBC chairman nets $10M bonus
(old news - 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.

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Forums » SBC chairman nets $10M bonus
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icp1
Premium
join:2000-10-13
Saint Louis, MO
clubs:
·AT&T DSL Service

bonus blues

no one usually reads these news, but let's just say that the upper management of SBC isn't treating the lower management as well as they treat themselves...

Remember when the Ford chairman gave up his entire compensation for a year because they did so bad?
permalink · 2003-02-05 13:24:24 · Reply to this

lostnthwoods

join:2001-12-03
Arcadia, OK

Re: bonus blues

Now you don't expect an impoverished company like SBC to do that do you? After all, they were so poor they had to donate our refunds a couple of years ago to charity because they didn't have enough of their own money to spend on naming ballparks and monuments after themselves.
permalink · 2003-02-05 23:01:14 · Reply to this

manfmmd
Premium
join:2003-01-14
Earth
clubs:

Check this out....

SBC makes a profit... but is going to lay people off.. »SBC Profit Rises; More Job Cuts Planned

CEO get a $10,000,000.00 bonus??? Very Enron-ish...

manfmmd
--
Remember: Ya'll is singular. All Ya'll is Plural, and All Ya'll's is Plural Possessive.
permalink · 2003-02-06 14:15:37 · Reply to this

icp1
Premium
join:2000-10-13
Saint Louis, MO
clubs:

Re: Check this out....

Hardly like Enron with the accounting issues, more like the rest of the greedy upper management/CEO world, where even though the company does so bad that they cut the employees and bonuses, they still get huge (albeit less than last year) awards.
permalink · 2003-02-06 16:38:31 · Reply to this
Forums » SBC chairman nets $10M bonus

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