AT&T boss retires with $274,000 a month for life

Not everybody receives in my view insulted with the aid of the president of the United States when they announce their retirement.

But when you’re taking walks away with a pension graph large adequate to purchase a normal U.S. residence each single month — yes, simply — do you in reality care?

AT&T T-1.67%  honcho Randall Stephenson landed a complimentary insult from the chief government of the United States two weeks in the past when he introduced he used to be standing down at 59.

“Great News! Randall Stephenson, the CEO of closely indebted AT&T, which owns and presides over Fake News @CNN, is leaving, or used to be compelled out,” tweeted the commander in chief of the armed forces. “Anyone who lets a rubbish ‘network’ do and say the matters that CNN does, need to go away ASAP. Hopefully substitute will be plenty better!”

Will this grow to be the new popular for high-profile retirements, like a glorified gold watch?

Don’t inform the president, however Stephenson will no longer be crying into his face masks after he leaves.

Company filings exhibit that the departing chairman and CEO is retiring with a dazzling pension account well worth $64 million — enough, in accordance to enterprise data, to furnish the 59-year ancient with a assured earnings of $274,000 a month for the relaxation of his days.

A month.

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