Randall Stephenson's 2008 package included a $1.4 million salary and $376,248 in other compensation. The bulk of his pay package came in the form of stock and option awards valued at $13.2 million at the time they were granted. Overall, the value of Stephenson's 2008 package fell 17% from 2007, when he received compensation worth $18 million. Meanwhile, AT&T's
revenue for 2008 totaled $124 billion (up 4% from $119 billion in 2007), and net income was $12.9 billion (up 8% from $12 billion).