1964, the nation’s most valuable company, AT&T, was worth $267 billion in today’s dollars and employed 758,611 people.
Today’s telecommunications giant AT&T market cap as of September 11, 2020 is $206.63B,
25,600 came from Warner Bros.
31,500 came from DirecTV
Today AT&T employs 243,350 people.
There used to be tens of thousands of blacksmiths shoeing horses across the country . Then the automobile was invented. Some jobs are eliminated due to progress. Need to adapt
26% loss Q2, YTD, getting back to even.” But they often don’t know what that entails. A 20% decline requires a 25% rebound to get back to even, a 33% decline requires a 50% rebound, and a 50% decline requires the investment to double. If the prospects of other investments are more favorable, it is better to cut your losses quickly and redeploy the money into better ideas.
don't forget 191B debt
To be fair, the only thing 2020 AT&T and 1964 AT&T share is the name. 2020 "AT&T" is just SBC after buying up a bunch of its sibling companies, then buying the name "AT&T" because it had market value.
While I agree our mgmt today is pi_s poor ( which is an insult to pi_s), but comparing pre-divestiture ATT with today's ATT is not really a fair comparison.
Whats the total worth and # of employees or ATT, Verizon and Century link - the current owners of the 7 baby bells?
The Board of Directors set Randall up with hundreds of millions despite his failures! And you’re right he’ll get 10 hrs./mo. to use the corporate jet for his personal use for life, not to mention country club memberships, car and car insurance, home security and free healthcare for life!!!
in 5 years, they will have 50K employees
Tomorrow’s telecommunications failure, AT&T market cap $0,
The statue of Golden Boy sold off to the sc-ap yard.
Warner Bros - sold off.
DirecTV - sold off.
AT&T employs 0 people.
Ratty, while still flying on the corporate jet from golf outing to gold outing, will still collect his pension, but all other pensioners will be F*CKED overed.