Thread regarding AT&T layoffs

RS is a leader of boys. He has the mind of one

@1uqv, Not for very long.

“DALLAS–(BUSINESS WIRE)–After serving 13 years as AT&T’s Chairman and CEO, Randall Stephenson, 60, will retire as CEO but will serve as Executive Chairman of the Board of Directors until January 2021 to ensure a smooth leadership transition.”

Yes, in the very least Stephenson needs to be forced out of AT&T. He never understood that AT&T was fundamentally a network company. He never worked in the operations side of the business, thus he thought he could financially engineer earnings. Instead, he should have learned all he could from real engineers and rolled up his sleeves and gone to work. Yes, we lost POTS lines, but we replaced them with internet connections. The math to make money as a network company was fairly simple. But RS was not interested in the hard work of running a business. He added too much overhead, with too many accountants and proceeded to manage the business on spreadsheets. Quality diminished, the network was starved for capital, customers were treated poorly, all so he could chase after shiny new businesses. He has hurt shareholders, customers and employees. He will be judged. I retired in 2009 after 40 years, so I have some perspective.

He still is Chairman of the board.

Name me one leader from Oklahoma that’s ever been successful........ not exactly a breeding ground for multi billion dollar execs .....

The same culture responsible for allowing rs' purchases is still fully alive in all levels starting with the directors, more palpable with avps and up.
This place is ran by used car salesmen with no vision of technology trends. Any input from the ppl with technical background is put to the side and not taken seriously for any business related intents.....
Keep rowing...

Randall wanted to be transformative figure like Gates or Jobs. His wanted to build his ego on the world stage and use AT&T do it. His 1st mis step was the T-Mobile deal and the $4 billion loss. His 2nd was DTV over payment and failing to have a coherent strategy. U-Verse was continued instead of folding it into DTV. His 3rd mis step was his failure to recognize alternatives such as OTT and streaming. His 4th mis step was paying too much for TW. His 5th mistake was saddling the company with debt for two losing assets.

The Board of Directors did not put any restrictions on him and should be held accountable. Instead Randall will walk away with over $200-$300 million, and the BOD will become Stankey puppets to line his pocket. Eventually TW will be sold at a discount, the dividend will be cut and the stock price will plummet. Stankey will get out with $150 million and the BOD members will get a lifetime country club memberships and mult-million dollar buy outs!!

What is OP???

2 late, The Board of directors are ASSBAD as he is.

Of course Ratty deserves $1M quarterly plus his lucrative pension for his performance. NOT! But the Good Ole Boy on the Board of Misdirectors will do nothing to claw anything back. Probably Ratty's contract requires something illegal or a fraud to trigger a claw back. Unless some ambitious prosecutor can build a case of Ratty doing some accounting fraud, otherwise they won't touch Ratty.

Now if Ratty would chase a skirt, or betray his SJ BS, then he they will CANCEL him.

Otherwise, Ratty will be the first to be paid. But all grunt retirees will be burned when T goes bankrupt.

ROI = Return on Investment

Dumb stuff, OP, dumb stuff.