Thread regarding AT&T layoffs

I guess people do not realize that any unvoted AT&T share becomes property of the board to vote how they want and the actual largest shareholders are investment groups that do not vote their shares, hence giving voting control to the board. The dividends get paid, exec's and workers get paid, the board gets paid, creditors get paid. Who, with any actual power, is gonna rock a floating boat? I guess some people still think that purchasing shares actually give you some form of "ownership" of a company. Wise up, purchasing stock is depending on the "greater fool" theory and hoping someone someday will pay more for the piece of paper than you did. Most take the risk because of the dividend and that goes back to, the dividend is being paid so why rock the boat... If you want to have a vote in, or, control a company, start your own.

will never happen - board does not care they are getting their dividend and the company will just continue to churn sales by taking over stores like sams and target because I guess they can't get enough people in their stores so now they are going to shove down people's throat.

senior management will continue to get their millions along with the board and their dividend.

Workers getting paid. Investors getting paid. Yes, more accountability please.

The problem is that as long as T is dedicated to an over-inflated dividend, the major stockholders will never vote out the trash at the top.

Investors holding hundreds of thousands of shares look at that dividend as free money – and it is for them. That's the only reason they hold T. Nobody has T in their portfolio because they think the stock will grow (maybe only a fe per cent now and then). It's all the dividend. And since Stinkhole has made it very clear that the dividend will remain at the current level, there is no reason for stockholders to want him gone.

If the dividend didn't exist, or was at a more sustainable level (say, 2%), then maybe shareholders would dump the Stink. Otherwise, forget it

The key part of the article:
"Because the proposal is not binding, companies don't need to make any changes based on the outcome of the vote. "

• Shareholders typically "don't mind executives making a lot of money, as long as the performance is outstanding," -

This company is for the shareholders, not for us. What we think about Att is really not important as we are not also. Enjoy crumbs from the table and be happy.

Because of the dividend

EVERYONE needs to vote their shares. Most don't bother.

Ratty and Stinky are the largest individual T shareholders.

Yeah, sure - Ratty and Stinky will vote themselves out of $. Greedy ba$tards.

Vanguard and Blackrock are the two biggest institutional shareholders.