When the dividend gets cut by 40 - 50% and the share price gets hammered by approximately that much, then hopefully the exec compensation and exec headcount will also get cut to reflect their performance.
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Just give all the loyal 25+ year employees a generous buyout and start over. Then we old timers can forget about this cluster puck
Stankey hinted on CNBC interview that he may not be CEO after the sale next year. Unfortunately, there will continued layoffs at T because we will be a much smaller company. All the planned system mergers with WM are not dead. But we are back in our own lane now. I only hope we can stay there for awhile to right the ship and get back to #1 in wireless.
Read the merger details. No compensation will get cut, shareholders will get “new company” stock options. This deal will be BAU and actually help ATT balance sheet.
The next WorldCom. Stankey is Bernie Ebbers.
Big beautiful debt. Making AT&T great again.
He should leave now, he is not CEO material. He had many opportunities to lead T but failed in every way possible. Some may believe T financial worries are behind them, however, even with this infusion of cash, T will still be ovet $120B in debt.
I appreciate the OP's sentiment, but when someone like Stink can mess up so epically, even if he is spitcanned in disgrace he's still going to get a severance package that will pay him several million dollars a year (if not more) for life.
That's not karma. Karma would be him dressed in rags, panhandling, and trying to tell people how he knew more about TV than anyone, but nobody would listen.
Just wait and see, Stinky will be retired or out before the mid 2022.