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Former AT&T CEO Randall Stephenson Retires, Segues to $1 Million Consulting Deal
Stephenson had been executive chairman after handing the CEO reigns to John StankeyTim Baysinger | January 25, 2021 @ 10:12 AM Last Updated: January 25, 2021 @ 11:44 AM
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Randall Stephenson is retiring from AT&T after 38 years, but not without one last paycheck from the telco company.
In an SEC filing on Monday, AT&T revealed that Stephenson, who had been serving as executive chairman of the company after handing the CEO reigns over to John Stankey last summer, has formally stepped down from that post. Though he is officially no longer part of AT&T’s board, he will be paid $1 million over the next year (until Jan. 21, 2022, to be exact) for his consulting services.