It's not that a lot of other companies I've worked in aren't run in the exact same way, like a cash machine for those at the top, which doesn't mean it should be like that. Because for how long is it sustainable for a company to be run in such a way? Personally, I don't think that it is not sustainable in the long term. It will have to stop sometime.
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Best re-write of at&t history:
Stankey and Stephenson declared the two best at&t CEO's of all time. That's right, we have two, yes two, GOAT's.
Wake me up, I was having a horrible nightmare!
Enron, Worldcom, pick your poison. Research history, they paved the way for at&t to follow, and follow they are. I just don't see any difference, bankruptcy is bankruptcy.
You know you are old fossil just trying to hang on to geriatric ways if you bring up Enron.
Stankey gonna turn this around very soon.Trust me.
Enron bound
For years Stankey and Stephenson have used at&t as their own private piggybank. Now the grove of money trees at 1 att plaza are dying off. There are no new revenue streams, what is a company to do?
Besides their outlandish salary, there is not much keeping them here. They continue to believe they are the best CEO's in the history of at&t. I just hope both of them get what they've got coming to them.
Stankey will stay until he’s 65 to take another $100 million out of the company along with the perks!! In addition he’ll get another $100 million cash out when he retires.
I am still waiting on Work Place 20/20
The good times never last forever. Stankey never envisioned being in debt at $135B. The dust is now starting to settle from the fallout of the failed acquisitions. New sources of revenue are non-existant. Look for Stankey to bail within the next two years. There are no more opportunities for him to obtain extra bonuses such as he was awarded for both acquiring and spinning off DTV and WM.
He will let the next CEO worry about the debt.
There is very little for Stankey to look forward to. Free cash flow is drying up, it's no fun running a company like T without cash.
It just has to be sustainable long enough for C level fold to cash out and pull their golden rip cord. Once they're gone it's not their headache.
T is lucky because they're a needed service in both good and and bad times, so the cash machine will continue.
Are you talking about the Stink & Handy burning cash (TMobile, TWC, DirecTV) or padding executive pockets while removing benefits and terminating employees?
Be more specific.