AT&T Shareholders Vote Against Executive Compensation
Photographer: Andrew Harrer/Bloomberg
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AT&T Inc. shareholders voted against the telecom giant’s executive compensation, a symbolic rebuke to a company that reported pay packages of as much as $52.2 million in 2020.
Just under 49% of votes cast favored AT&T’s compensation, the company said in a statement Friday. Though such votes are nonbinding, Chairman William Kennard said the board would “further engage with our owners on this important topic.”