[IP] >Wonder what bonuses SBC management get

[Dave Farber <dave@farber.net>]

------ Forwarded Message
From: johnl@iecc.com (John R. Levine)
Organization: I.E.C.C., Trumansburg NY USA
Newsgroups: iecc.lists.ip
Date: Fri, 09 May 2003 23:57:48 +0000
To: dave@farber.net
Subject: Re: [IP] Illinois State Senate overrides FCC and state PUC and
allows SBC to DOUBLE UNE-P cost to competitors to protect jobs

In article <BAE1AA59.3C67C%dave@farber.net> you write:
>Wonder what bonuses SBC management gets djf

A good question, and one that's easily answered from the annual proxy
documents filed with the SEC in March.

In 2002, CEO Ed Whitacre got a salary of $2.1 million, bonus of $4
million, other compensation of $523K, and stock option payouts of $1.8
million.  Recently hired president William Daley got $612K salary,
$809K bonus, and a one-time $1M signing bonus.  Former group president
and COO Stanley Sigman got $912K salary, $921K bonus, $239K option
payout, and a $5M "Retention Benefit" from majority owned affiliate
Cingular Wireless, which he now runs.

I'll skip the rest, but let's say that the rest of SBC management
isn't exactly underpaid, either.

Regards,
John Levine, johnl@iecc.com, Primary Perpetrator of "The Internet for
Dummies",
Information Superhighwayman wanna-be, http://iecc.com/johnl, Sewer
Commissioner
"I dropped the toothpaste", said Tom, crestfallenly.


------ End of Forwarded Message

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