"I felt it was the right thing to do. We are a company that expects the highest performance and accountability, and that starts at the top."
- AT&T (ATT) CEO Randall L. Stephenson, in a memo to employees about forgoing his 2008 bonus. Here's a boss who (unlike the Wall Street honchos) didn't have to give it up. In fact, Stephenson's decision distinguishes him as a very different kind of leader than Ed Whitacre, his predecessor. Click here for more on that from my Fortune colleague, Stephanie Mehta.
by Stephanie Mehta
Pattie Sellers recently blogged about good and bad corporate behavior. Here's another example to add to the "good form" category: AT&T chief Randall L. Stephenson is forgoing his 2008 bonus.
"I asked the board not to pay me a bonus for 2008, and they approved that request," Stephenson wrote in a memo to employees. "Given the economic environment, the workforce reductions, and our earnings outlook for 2009, I felt MOREPatricia Sellers - Feb 2, 2009 1:41 PM ET
"I feel like I'm riding a bronco and holding on for dear life most of the time." That's how JPMorgan Chase (JPM) chief Jamie Dimon described his life last Thursday when he picked up a "Legend in Leadership Award" at the Yale CEO Summit in New York.
No boss, in banking at least, is as candid as Dimon -- as we've learned at Fortune over the years, and the Summit attendees MOREPatricia Sellers - Dec 15, 2008 1:56 PM ET
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