COVID Stimulus Watch Individual Entry

Recipient Company:

AT&T Inc

Loan or Loan Guarantee Amount:

$1,974,740

Recipient Details

Ownership Structure: publicly traded (ticker symbol T)

Award Date: Oct 8, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: AT&T

Headquartered in: Texas

Parent Sector: telecommunications

Parent Industry: telecommunications

Employees (prior to pandemic): 246,000

Employment-related Penalties: $175,642,463

Government-contracting-related Penalties: $5,674,432

Environmental / Healthcare / Safety Penalties: $65,827,506

Consumer Protection / Financial / Competition-related Penalties: $491,062,283

Ratio of CEO Pay to that of Median Worker: 325 to 1

CEO Compensation: $32,032,925

Worker Median Pay: $98,630

Total Federal, State, and Local Subsidies: $610,765,059

Federal Corporate Income Tax Rate: 15.6%