AT&Ts Stephenson Gets $15M Pay Package for 08

So he didn’t take a bonus for 2008, but Randall Stephenson, AT&T Inc.’s (T) CEO, is accepting a $15 million pay package.

Most of that is in the form of options and performance-based stock incentives.

Stephenson asked for his pay to be cut in light of AT&T’s iPhone subsidies, which ate into profits, and the company’s 12,000 layoffs. Interestingly, $14,000 of his perks went to financial counseling. Huh?

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