Thread regarding Altice USA (Cablevision) layoffs

New Dictator take a shot at AUSA

Get ready, new Di-ktator on board. This guy is all about sales heads up. If your front line OSP, FS, you’ll be wanting leaving even quicker. OPEN YOUR EYES EVERY ONE IS LEAVING! EXCELL other companies. Get on the train and get out while you can.

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Post ID: @OP+1iBJpV2t

9 replies (most recent on top)

he wants to hear from you the employee! employees should be motivated and happy to come to work!! this is a nother singer singing the same ol cover song of a song we keep hearing!!!

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Post ID: @qqfu+1iBJpV2t

This has always been a Ponzi scheme, if the workers never figured this out shame on them. Look At the history right here on this site, and you will see all the scams this company has perpetrated, they paid for this company on the backs of a pension fund he did not invest 1 red cent.

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Post ID: @7tdt+1iBJpV2t

I Hope this mo--n sees this He should of left things the way they were.!!!!!At that time employees cared about every single customer, we would stay late to clean out the pools , Come in on our days off,and we were completely compensated as well !! He came in and turned the place upside down to the point of over 900,000 customers are how, which you will never get back. I hope your proud of what your stingy ways went. I pray and hope you go bankrupt. This place will never survive with your cheap a-s bullsh-t, Thank goddess for duct tape as I was told to fix cheap a-s fiber

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Post ID: @6saw+1iBJpV2t

With Dexter stepping down and up and bringing this guy from Comcast. The game plan is lining up the Cablevision portion and preparing for Comcast to buy it. The Cablevison market is a lucrative one that would make Comcast a serious heavy hitter against Charter Spectrum and Verizon. Comcast has been wanting in this market for years. Now this could be the opportunity for them to gain a big piece of the puzzle. Why do you think Altice is putting Suddenlink up for sale. Whatever they get for them and the Cablevision portion will help Altice Europe gain control over seas. Hopefully I’m wrong and Charter buys the Cablevision portion.
Everyone hold on, it could be Wimbledon ride.

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Post ID: @6zwp+1iBJpV2t

40 Plano jobs for Comcast posted that’s our area …………………………..

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Post ID: @5bah+1iBJpV2t

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On September 7, 2022, Altice USA, Inc. (the "Company") announced that as part of ongoing succession planning, the Company and Dexter Goei, the Company's Chief Executive Officer ("CEO"), mutually agreed to Mr. Goei's resignation from his role as CEO and the appointment of Dennis Mathew as the Company's new CEO, effective on October 3, 2022 (the "Transition Date").

Since 2005, Mr. Mathew, 45, has served in various roles with Comcast Corporation, a multinational telecommunications conglomerate, including as Senior Vice President, Western New England Region, Vice President and General Manager, Xfinity Home, Vice President, Xfinity Home Wholesale Product Operations, Vice President, New Businesses and, most recently, as Senior Vice President, Freedom Region, a role he has held since October 2021. Prior to his employment with Comcast Corporation, Mr. Mathew was employed as a Senior Consultant with Arthur Andersen and as a Manager with PricewaterhouseCoopers. Mr. Mathew received his Bachelor of Science in economics with a concentration in finance and information management from the Wharton School of Management.

The Board of Directors of the Company (the "Board") approved the appointment of Mr. Mathew, effective as of the Transition Date, and the entry into an Employment Agreement between the Company and Mr. Mathew. Pursuant to the Employment Agreement, dated September 7, 2022, Mr. Mathew will receive (i) an annual base salary of $1,000,000; (ii) an annual target bonus opportunity of $2,000,000 (provided that (x) with respect to 2022, his annual bonus will be prorated and deemed earned at 100% and (y) with respect to 2023, his annual bonus will be not less than $1,000,000), subject to continued employment through the date of payment; and (iii) following the second anniversary of the grant date of his initial equity award described below, eligibility to participate in the Company's annual long-term incentive program, with an annual target award opportunity of $5,000,000. In connection with his hire by the Company, Mr. Mathew will receive: (I) a sign-on cash bonus of $850,000 plus an additional make-whole payment (up to $175,000) with respect to certain forfeitures in transitioning his employment; (II) an initial equity grant with an aggregate grant date value of $20,000,000, 50% in the form of stock options and 50% in the form of restricted stock units, in each case, vesting 50% on the second anniversary of the grant date and 25% on each of the third and fourth anniversaries of the grant date; and (III) executive-level relocation benefits, including temporary housing for a period of up to 24 months, not to exceed $750,000 in the aggregate. Items (I) and (III) are subject to clawback if Mr. Mathew is terminated for Cause (as defined in the Employment Agreement) or resigns without Good Reason (as defined in the Employment Agreement) in the two-year period following the Transition Date.

If Mr. Mathew's employment with the Company is terminated by the Company without Cause or he resigns for Good Reason, in addition to any accrued rights, Mr. Mathew will be entitled to receive, subject to his compliance with restrictive covenants in favor of the Company and execution of a release of claims against the Company: (i) 12 months of continued base salary and Company-subsidized COBRA coverage; (ii) payment of any earned but unpaid annual bonus for the year prior to his termination and a prorated annual bonus based on actual performance for the year in which his termination occurs, in each case payable when such annual bonuses are paid to similarly situated employees of the Company; and (iii) certain prorated vesting of outstanding unvested time-vesting equity awards. If Mr. Mathew's employment with the Company terminates due to his death or disability, subject to compliance with restrictive covenants and execution of a release, he (or his estate) will be entitled to the bonus payments described in this paragraph and three months of continued base salary.

There are no understandings or arrangements between Mr. Mathew and any other person pursuant to which Mr. Mathew was appointed to serve as CEO. There are no existing relationships between Mr. Mathew and any person that would require disclosure pursuant to Item 404(a) of Regulation S-K or any familial relationships that would require disclosure under Item 401(d) of Regulation S-K.

The Board also approved the appointment of Mr. Goei to the role of Executive Chairman of the Board, effective as of the Transition Date, and the entry into a Transition Agreement between the Company and Mr. Goei. Pursuant to the Transition Agreement, dated September 6, 2022, while employed as Executive Chairman, Mr. Goei will be paid a monthly salary of $37,500 and remain eligible to participate in the Company's bonus (including the opportunity for a discretionary bonus when his employment as Executive Chairman ends) and benefit plans.

Concurrent with Mr. Goei's transition to the role of Executive Chairman of the Board, Patrick Drahi will step down from his role as Chairman of the Board. Mr. Drahi will remain a member of the Board.

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Post ID: @2nxx+1iBJpV2t

I worked under this id--t. More anti Field Service. Unions won’t be going anywhere anytime soon. Your current management will love him. All about the PPH! Everyone in Comcast was happy he left. Hold on A-S TICE USA. 😂.

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Post ID: @1tcz+1iBJpV2t

Where are you hearing this from or is this just your typical “I heard from someone” bs?

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Post ID: @zcj+1iBJpV2t

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