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AT&T was founded as Bell Telephone Company by Alexander Graham Bell, Thomas Watson and Gardiner Greene Hubbard after Bell's patenting of the telephone in 1875. [21] By 1881, Bell Telephone Company had become the American Bell Telephone Company. [22]
AT&T occupancy at the location peaked to 6,000 employees in its heyday before AT&T experienced competition and downsizing. AT&T Learning Center courtyard, fountain sculpture designed by Elyn Zimmerman (not pictured) In October 2001, the Basking Ridge property was 140 acre with 2.6 million square feet and was placed for sale. [40]
A large number of AT&T Mobility employees are unionized, belonging to the Communications Workers of America. The CWA represented roughly 15,000 of the previous 20,000 formerly AT&T Wireless employees as of early 2006. [12] As of the end of 2009, the CWA website claims that roughly 40,000 workers of AT&T Mobility are represented by the union. [13]
Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc. Compensation can be fixed and/or variable, and is often both. Variable pay is based on the performance of the employee. Commissions, incentives, and bonuses are forms of variable pay. [2]
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AT&T CEO John Stankey says luck and timing play a role in becoming CEO. But there are still aspects you can control. AT&T’s CEO says 2 uncontrollable forces helped land him the corner office.
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Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.