Thread regarding AT&T layoffs

sounds just about cesspool att speed. but unfortunately since att is almost part of the government nothing will happen. it is like the fox guarding the hen house.

Nothing will happen because of this. The three people mentioned were nobody wannabes that thought they were executives, but were nothing more than cannon fodder for the C-suite mo–ns to use, abuse and then deny when they got caught. Sure, they did what they were told, but good luck proving it!

Michael Cohen...?? Really!! A politically motivated, stupid move by an overzealous, now fired investor relations team member in an attempt to lessen the heat from the past administration. His role was to be a consultant...which never came to fruition. It’s a real stretch to call it pay to play.
None of the rest of your comments have any relevance to cancel culture, a current catchall phrase misused by many....

re cancel culture: T is about to get cancelled by loyal investors learning how thin the financial situation really is at T since they have to squeeze the analysts at earnings time,not to mention the Michael Cohen influence payola chapter.you reap what you sow

Understood your intention, but doesn’t saying ‘someone MAY of not....’ sound grammatically incorrect? Perhaps English is not your native language.

ATT has responded to the filing by stating that ‘after 4 years of investigation by the SEC.....the SEC has not cited a single witness involved in the calls made to the analysts’. It would seem appropriate that anyone involved in those one-on-one calls placed by ATT executives will not raise their hands and admit they received insider information. However, everyone involved, whether ATT personnel — past or present or analysts will be held to account for this serious charge. It is not a good signal that this investigation has been ongoing for more than 4 years. There is a huge price to pay (and not just monetary fines) if the company ends up on the wrong side of this. The SEC does not play.

“These three knuckle heads are not executives. Just some low level GM’s making some bad decisions.”

Yeah, and Col, North was solely responsible for Iran-Contra.

This is illegal!!

‘These 3 knuckleheads....are not executives’. It’s obvious you’ve not read the article, but ignorance is not an excuse for posting misinformation.

These three knuckle heads are not executives. Just some low level GM’s making some bad decisions.

If you think the shareholders/stakeholders will take this serious violation on the chin, pay fines and move on, you obviously don’t know the demise of companies like WorldCom and Enron. The perhaps false bravado of the company’s denial of wrongdoing is the legal response necessary at this point. The AVP and Directors involved in this scheme will lose a lot, as expected and appropriately if found guilty. The more serious issue is the harm done to ATT’s reputation and viability at a time when missteps can lead to catastrophic damage. For those who would cheer and celebrate as a result of the negative impact.....go back and read what happened to Enron and WorldCom investors, employees, retirees....when it all came crashing down.

The buck should stop with CEO. Randall should have to pay a price not just some director level dudes.

This will be a negotiated settlement with no admittance of guilt. They will pay a few million to the SEC and every one will walk away happy. Just cost of business.

Explain the correlation between SBC and cancel culture as it relates to this post, please.

I see someone MAY of not read the COBC. Bet they got a promotion back then for following orders…

This post has absolutely nothing to do with ‘cancel culture’. There are bad actors in every organization and especially government. It’s unfortunate that politicians are not fined millions for their horrendous, illegal, unscrupulous, criminal behavior.

I’m not surprised!!

SBC has been run on cancel culture for decades, now the chickens are coming home to roost

The SEC will assuredly levy hefty fines against the individuals involved and the company; perhaps many millions. This is a serious violation of the SEC Act of 1934. This selective sharing of information to certain analysts occurred in 2016.