The telecom giant reveals its executive pay in regulatory filings. WarnerMedia CEO Jason Killer earned $ 52.1 million in 2020 after being appointed during the year. Beginning with the firm on May 1, Killer earned a base salary of $ 1.66 million and added $ 49.2 million in stock awards to his total salary.
AT&T CEO John Stankey made $ 21 million in 2020, down slightly from $ 22.5 million in 2019, the telecom giant has revealed in a regulatory filing. Stanke’s base salary was $ 2.05 million in 2019, which fell to less than $ 2.9 million in 2019. It earned $ 13.5 million at the Stock Awards in 2020, compared to $ 9.5 million a year earlier, while also lowering $ 3.25 million in non-equity incentive compensation from the previous year. $ 7.56 million in 2019.
Stanke earned $ 16.6 million in total salary in 2018 and $ 10.01 million in 2017. Stankey was the CEO of WarnerMedia before elevating to the parent company, with former Hulu boss Killer hired to replace him as head of the entertainment unit by May 2020. Stankey replaced Randall Stephenson as CEO of AT&T after July.
With a 2018 mega-deal for Time Warner that was named WarnerMedia, AT&T’s wealth collection includes HBO, Warner Bros., CNN, and the Turner Network. But it is also selling noncore assets to reduce debt. The telecom giant, headquartered in Dallas, recently signed a deal to sell its satellite TV unit DirecTV, a 30 percent stake in AT&T TV, and its U-Verse business to private equity firm TPG. The companies will create a new venture, DirecTV, which will cost $ 16.25 billion.
Moody’s analyst Neil Begley hopes AT&T will use the money from the sale to “help offset that” which it recently agreed to spend on the 5G wireless spectrum. The TPG deal allows AT&T to take over the pay-TV business, which in recent years has been far tougher than cord-cutting, away from its books.