TThe scam is, that AT&T exec board are going to buy out Time Warner's entire IP for a fraction of its actual worth.
They will undersell everything, and buy it via shell companies. Thats what they did when they spun out DirecTV.
Now the AT&T board and biggest shareholders own a crapton of IP, illegally sold under value. Probably that the SEC needs to be involved for market manipulation.
I really can’t with the utter stupidity on this board.
They get after Elon every time he makes a controversial tweet, why should the Stank get away with this ?
What IP are you talking about?!? Are you sure your aluminum foil hat isn't a little too tight?
I wouldn't hold my breathe for the SEC, it takes years and the process will enrich lawyers on all sides, not the little guys.
It will take a revolt from the large institutional shareholders, boot out the BoD and executives. They long tolerated Stephenson/Stankey and team of mo--ns due to dividends. They can choose to act or go hide the ho-e, we'll see.
For the BOD to act they would have to take the company jet to the meeting. That can only happen if Stankey allows it!!
Execs and the BOD have a fiduciary responsibility to protect shareholders equity. "Poor management" becomes nigh criminal if everyone loses but they line their own pockets in the process. Agreed an investigation is needed. If nothing else, to see who sold their stock when the prices was over 30, only to drop a bombshell afterwards. Timing is interesting.
Poor management is not SEC issus