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In his last full year as general counsel of AT&T Inc., James Ellis, 63, was given nearly $6.8 million in stock awards, according to the San Antonio-based telecom’s proxy statement. The 2006 grant was the largest received by any GC on our survey. The telecom lawyer also earned a not-too-shabby $819,000 in salary and more than $2.1 million in bonuses and nonequity incentive compensation last year. (Wayne Watts, 53, took over the GC slot in June.)

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