To share price. Stankey burnt through over $100B of shareholder wealth and will be playing catch-up forever. Don't forget it's all you mouths to feed that are the crux of the problem.
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AT&T employees don't even have to buy the stock. The company lards up their 401Ks with it automatically. Why? Because it isn't caca, it is fertilizer and promotes growth.
How the heck did he burn through $100B? Maybe he should have cooked the books.
It can affect him as an element of his comp is in stock:
John has made over 28 trades of the AT&T stock since 2013, according to the Form 4 filled with the SEC. Most recently he exercised 189,472 units of T stock worth $2,823,133 on 13 January 2023.
The largest trade he's ever made was exercising 189,472 units of AT&T stock on 13 January 2023 worth over $2,823,133. On average, John trades about 3,080 units every 15 days since 2013. As of 13 January 2023 he still owns at least 253,450 units of AT&T stock.
Whole story: https://wallmine.com/people/27822/john-t-stankey
You can still get burned doing this. One of the Enron guys retired when the stock peaked and moved to Co. company tanked a year later. They were pumping the stock price in part by getting their employees to buy jt