American Tower (AMT) To Buyback $1.5B Class A Common; Sets Executive Bonus Levels for FY11
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American Tower (NYSE: AMT) reported that their Board has approved a $1.5 billion buyback of Class A Common Stock. The approval was made March 10, 2011.
The Board also made a decision about bonus awards upon achievement of certain targets. CEO James Taiclet could receive a bonus of 100% of his base salary, or $1.1 million. Other executives could receive a bonus of up to 70% of their base salary.
The Board also made a decision about bonus awards upon achievement of certain targets. CEO James Taiclet could receive a bonus of 100% of his base salary, or $1.1 million. Other executives could receive a bonus of up to 70% of their base salary.
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