AT&T layoffs come as CEO receives massive $274k salary a month for life

AT&T has been conducting another round of layoffs as part of its massive cost-cutting plan. However, one area that’s not being cut is CEO Randall Stephenson’s retirement. He announced his retirement a couple weeks ago, and now we find out that he will receive $274,000 per month for the rest of his life after leaving the company.Q1 2020 hedge fund letters, conferences and moreAT&T CEO retires with $274,000 per monthCiting company filings, MarketWatchreports that Stephenson will retire from AT&T with a $64 million pension. Industry data reveals that it will provide $274,000 per month in guarante…

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