Congratulation to the Lumen Executive Team for loading $15B in market cap since 2018.
Shareholders should be demanding clawbacks on compensation after Lumen enter the $6 handle territory in the stock market.
12 replies (most recent on top)
The company isn't doing the things it needs to for success and growth.
They are pursuing a dangerous mix of cheap, bleeding edge and unproven technologies.
While ignoring the practical and foundational bread and butter.
Good job Storeyteller...You've told so many stories it's coming back to bite you. Once you start selling off parts of the business to make ends meet instead of growing the business... well, that's all I need to say. I went to Brightspeed and I'm thrilled. Enjoy your millions in retirement....such a waste... oh well we will survive.
I think Jeff is going to announce the dividend cut days before his departure. This way the incoming CEO is off the hook.
The problem with Lumen is we basically give our assets away and have become a “me too” in the industry. I’ve seen deals go so low margin that we make nothing on them, just to “retain” the business. I’ve seen so many contracts go out the door with little to no teeth in them. When you do that, you are just polishing a really stinky tu-d. We are coat cutting ourselves out of existence.
I have to agree! Definitely blame the Execs! At this very moment Charter is up 2.06% to $318.80 a share. Lumen down 2.16% to $6.55. What does Charter have the Lumen doesn't? We HAD 36 states and more fiber to form a sandy island. We had a Latin market not maintained or used. We never entered the cell phone business seriously, but neither did Charter. Verizon $36.77, Comcast $29.41, AT&T $14.90.... we can keep going but we're no where close to $10. And living off a dividend that we can't afford to give. Once that divvy is cut; expect shareholders to leave and stock to drop faster. Now, as Pompeii is being flooded our CEO grabs his Golden Parachute and jumps out. Nice! Our CEO leaving is a great sign we're going to make it. Front line workers doing their part. We are not the ones steering the bus. When was the last time they even had a POW wow meeting to ask how do we become a bigger company? Instead it's how do we sell more assets? How much is that building or CO worth? Seriously, what is the next move? Place so much fiber and buy back some of the 20 states we sold? Ha! Or is Lumen only a 16, 10, goodness 8 state territory company? I guess if Toys R Us is trying to comeback, Lumen could in 20 years.
The worse Managed Company in America! These Executives will go down as the biggest Buffoons in the Industry. Touché. Now you want to say it’s not their fault? You’re delusional!
Not every corporation has lost 75% of their market value. Lumen is near the bottom and it won’t hurt anyone’s kids unless they work for Lumen.
The greasy haired head of HR needs to stay off this site.
You guys are too focused on Lumen.
Look around you.
Every corporation in the US and the world are going through one of worst downfall in decades. If you're cheering for Lumen to fail. You're also cheering for your kids future to fail.
I wish I could say I didn't see this coming, but I'm surprised it took this long.
It's the three envelopes. She can blame Storey for the dividend cut.
The 4th Industrial Demolition! Nice job buffoons! Karma is a bitzz!
They will be forced to cut t her dividend in short order.
They can’t afford to carry a 14% dividend and keep the lights on over the medium to long term.
I doubt the new CEO is going to want to make that announcement as she enters the picture.