Wonder what kind of raise the average AT&T employee got this year………

SAN ANTONIO, Texas - Edward Whitacre Jr., who led AT&T Inc.’s expansion into the largest telecommunications company in the nation, announced unexpectedly Friday that he will retire as chairman and chief executive in June.

Whitacre, 65, also announced at the company’s annual meeting that the board has elected Chief Operating Officer Randall Stephenson, 47, to replace him in both roles on June 3. Stephenson has been the chief operating officer since 2004.

Whitacre will enjoy a rich payout in retirement of more than $161.6 million, including $73.8 million in deferred compensation and the $84.7 million in his pension fund.

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