10 replies (most recent on top)
Maybe employees were axed for a different reason that Warner acquisition? It's just difficult to admit that.
Stock has to fall at spinout time. Simple example with fake numbers - If ATT Stock is $30 and they price discovery stock at $8, aftr spinoff you will have 1 ATT stock at $22 and 1 Discovery stock at $8. No free money here.
Stock will fall below $24. Randall will cash in his 2 million shares in a few years to reap a windfall before the dividend cut!!
"First, it overpays for WarnerMedia forcing thousands of employees to be axed. Then it comes up with a supposed face-saving spinoff that takes away half of the shareholders’ beloved dividend. Lastly, it tries to sell shareholders on the fact they get two valuable stocks worth considerably more than $28.
That’s pure poppycock, and owners of T stock know it."
Employees know it too.
I read that SA article this morning. Very good analysis and conclusion
Workers getting paid and so ungrateful. Whine too much.
Anyone on this board that can even remotely defend C-Suite decisions over the last several years is clearly a upper management shill attempting to run interference when anyone casts doubt on their ineptitude
Keep on whining. It'll make you feel something, if not better.
Hey man give him a shot. He didn’t mean it.