- T-Mobile failed merger AND having to pay $6B to T-Mobile.
- Time Warner failure
- Directtv failure
Billions pi---d away. I am surprised Wall Street isn’t asking for his head on a platter.
11 replies (most recent on top)
“ Wall Street, BOD, CEO and C suite are in bed together”
The latter three are the (collective) cabin boy for BlackcRock.
When did this happen?
Who’s going to fire him? The rubber stamp BoD, all of whom are on the boards of each other’s companies? There is ZERO accountability at the executive level, not just with T but in all major corps. As long as their bonuses keep rolling in, they couldn’t give 2 stankeys about long term health of the company.
"CEO’s are now making 100’s of multiples of the average employee compensation, in the 60’s it was a multiple of 20."
This is only true for CEOs of large publicly traded companies. Consequently the compensation issue started with the advent of the 401k (which incentivizes money to move to the market even if it shouldn't).
Long story short, your solution is to ask the regulators to regulate the problem they started.
"Employee Headcount (approximate)"
Have you adjusted for all the divesting of previous Stankey purchase errors?
Employee Headcount (approximate)
2019 = 281,000
2024 = 149,000
You know what the end result was right?
150 Billion in debt
A stock price that went from 43 to 16
Had Stephenson and Stankey simple done nothing instead of failing so miserably, the company would be worth double.
He devalued the entire company by more than half.
2019 ATT market cap 285 Billion
2024 ATT market cap 159 Billion
You do the math
LOL 😆 Wall Street, BOD, CEO and C suite are in bed together. This is what happens without checks and balances, aka..regulation. CEO’s are now making 100’s of multiples of the average employee compensation, in the 60’s it was a multiple of 20.
Accountability?? It’s called counting their Benjamin’s while feeding off the carcass. Employees are just an expense in the way of their dividends, bonuses, raises and compensation packages as they pull the chute.
"Stanley wasn’t CEO for the TMO or DTV debacle…. "
You don't think he was part of the inner circle at that time to help create the strategy and future of AT&T? He was an officer of the corporation at that time, arguably 2nd in command depending on how you rank all the officers.
Stanley wasn’t CEO for the TMO or DTV debacle….
You new here, or?
File under: No sh--e Sherlock
There is no accountability.