AT&T Shareholder Vote Against Cap on CEO Compensation

AT&T shareholders voted against a proposal to set a cap on CEO compensation. Shares voted "for" the proposal were 40 million (about 8%), while shares "against" were 484.9 million (about 92%). Among other issues, AT&T shareholders voted for the election of all directors on the AT&T board, for the appointment of PricewaterhouseCoopers as auditors, and against term limits for outside directors.


Separately, AT&T declared a regular dividend of $0.1875 per share, payable 01-August-2003, to AT&T common shareowners of record on 30-June-2003.
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