Thread regarding AT&T layoffs

PROXY FIGHT NEEDED TO DUMP LEADERSHIP TEAM

As of Friday morning, March 20 T share price is now below $30 and down more than 9% in morning trading because of cancellation of the share buyback program. Significant increase in financial stress not because of traditional Telco business operations but because of huge debt overhang due to TW purchase.

The leadership team needs to go - you know what's next? Delay of HBO Max and when it does launch nobody will buy it because nobody wants to spend the money due to COVID 19.

Nobody could have predicted the virus for sure but it's on the leadership team that the company is in such a vulnerable position to any type of unforeseen situation.

The stock is going below $25 with a possible reduction in the dividend. Hows your 401k looking due to the drop in T share price relative to VZ? My personal recommendation for what its worth, is that at the very least vote no in the proxy statement for Stevenson and the lame lead director.

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Post ID: @OP+144CgG9d

14 replies (most recent on top)

So glad I got smoked out when the stock was 34....

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Post ID: @qim+144CgG9d

When the tide goes out, go surfing to avoid the ungrateful workers complaining for the sake of complaining.

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Post ID: @rap+144CgG9d

Definitely not enough work for workers. Imagination running wild.

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Post ID: @ueu+144CgG9d

When the tide goes out, you find out who is swimming naked.

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Post ID: @foa+144CgG9d

Millions of options will be granted at the $28 price so Randall and Stankey can cash out at the mid $30 price range!!

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Post ID: @xbk+144CgG9d

Maybe right about Elliot's motivation but there just is no alternative to dumping the leadership team and no upside for employees or shareholders as long as they are around. Just looking at their faces in the Annual Report makes me want to puck.

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Post ID: @ppj+144CgG9d

sweeeeeert, spending like is Christmas for the last 10 years, about time!!! someone comes forward.

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Post ID: @sil+144CgG9d

We expected Elliott to get dollars as that's the nature of the beast but randy and stank? The board all need lethal injections

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Post ID: @dmy+144CgG9d

Elliott, randy and stank all got richer while the middle class continues to suffer.

Unbelievable.

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Post ID: @dhb+144CgG9d

It is almost impossible for the "retail" shareholder to vote out the Board of Misdirectors, or Ratty and Stinky. The mutual funds, pension funds, hedge funds, and all the big boys usually go with the existing board or instead they dump their shares. That's also called voting with their feet.

It takes an activist investor to get rid of the mismagement. Elliot did not do it as they enriched Ratty and he caved to them so they could make a bundle.

But don't be so quick to cheer for any activist investor. Typically, these money grubbers are only interested in enriching themselves and if you think Ratty and Stinky s—ed (which they do), an activist will do an unbelievable blood bath never before seen. Think of all the companies bought up, broken up, and most employees whacked back in the 90's in the their hay day.

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Post ID: @wrs+144CgG9d

My 401k will look fine ... I sell my company match and reinvest it almost as quickly as they give it to me.

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Post ID: @yob+144CgG9d

My 401k will look fine ... I sell my company match and reinvest it almost as quickly as they give it to me.

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Post ID: @npj+144CgG9d

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