It’s a good news, bad news story for AT&T CEO Randall Stephenson when looking at his 2009 pay package. The bulk of Stephenson’s pay was in the form of stock awards, which were valued at 12.1 million, down 8 percent over the 2008. (In case you didn’t know, that folks, was the bad news). The good news is that Stephenson earned a $5.85 million performance bonus pulling his 2009 salary up 35 percent over 2008 to 20.3 million.

AT&T CEO’s pay jumps 35% to $20.3 million in 2009 [Network World]