May 29, 2012 5:00 AM

AT&T chairman spurns Democrats in wake of failed T-Mobile merger, donates to Republicans

AT&T Inc. Chairman Randall Stephenson lost $2.08 million in bonus pay after Democrats killed his bid to build the biggest mobile provider. Six weeks after the deal for T-Mobile USA collapsed, he made his largest campaign donation in more than two decades of giving to Republicans.

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