AT&T slashed its executive extras last year. CEO Randall Stephenson saw the value of his
perks cut 52%
from $864,632 in 2009 to $417,410 last year. The biggest hit was to club memberships. AT&T paid $215,954 for Stephenson's club memberships in 2009 and just $15,174 in 2010.
The rest of Stephenson's 2010 perks included: $77,182 for personal use of company aircraft; $30,504 for home security; $28,991 for auto benefits; $14,000 for financial counseling, including tax preparation and estate planning; $11,256 for supplemental health insurance premiums; and $2,714 in communications expenses. Stephenson also received $164,189 in company-paid premiums on supplemental life insurance and $73,400 for matching 401(k) contributions.