The only AT&T and other publicly traded companies care about are the shareholders... and legally they have a fiduciary responsibility to make decisions based on what will be most profitable for the shareholders. That's what needs to change with our entire system, not just AT&T. Reform the system.
Decisions should be based on what is best for the long term success and viability for the company, and not short term gains for stock holders.
They are making the stock market value temporarily increase by cutting essential jobs or outsourcing. But this is to the detriment to the company long term. It will come back to bite them on the a** eventually.
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@1qeq+1pT8KeMr is spot on. You can tell because of the number of down votes from people who don't like facts.
This is a common misconception. Shareholder value does not mean immediate profit at all costs.
https://legislate.ai/blog/does-the-law-require-public-companies-to-maximise-shareholder-value
https://insight.kellogg.northwestern.edu/article/shareholder-value-purpose-corporation
" If what you said held any weight we’d have nice 401ks."
If your 401K is heavily weighted in the T shares fund....then you are a real zi-------d that deserves what you get.
Stock gains are not short term. Stock gains are a bet for future success not short term pop. All employees are stock holders by default. We all benefit from strong stock value.
The had failed merger after failed merger is why company’s stock is on life support.
If what you said held any weight we’d have nice 401ks.
More profits for shareholders please. Thank you.
Nothing wrong with rewarding shareholders. That's how the stock market works. That's the American way. That's the most successful way. Don't be a communist.
AT&T will never be successful until ALL members of the AT&T Board of Directors are removed and replaced with independent, competent and intelligent business professionals. Otherwise, there's no hope for AT&T.
I don't disagree entirely with the premise of what the OP said but It's why it is called an investment. A company goes public and sells stock to reinvest in itself.
But unfortunately, companies are beholden to the shareholders but those companies NEEDED the shareholders.
"I dumped Vanguard and Blackrock holdings once I figured out the fact above. "
Vanguard is your best friend as a long term investor. Good luck with your personal convictions.
This is news? It's been true since the 80's.
Ok ladies, you've moved the goalposts a bit from saying the company does what's best for Shareholders to saying the company does what's best for Vanguard and Blackrock. Is there something that prevents us from investing in Vanguard and Blackrock, so we can reap the rewards of what the company is doing?
What is the alternative, anyway? For the company to do what's best for employees? We're not second in line, the customers are. The sooner you realize that, the sooner our business will be healthy again.
Should have thought of that before taking all of that shareholder money. Instead of reform, start your own business and don't take shareholder business and see how that works out for you.
Ratty is the largest individual shareholder of Toxic-T stock!
Blackrock and Vanguard are the two biggest institutional investors. I use the term investors loosely. After all, any id--t that invests in Toxic-T with the Stink in-charge that receives a 6.8% dividend but lost 50% of it value during the Stink's reign of te---r is not much of an investor.
I dumped Vanguard and Blackrock holdings once I figured out the fact above. And all Toxic-T shares long ago. They are just too involved with their ESG BS to be worried about any of their individual investors.
There is so much stock outstanding that even if all the employees purchased more and voted all of their stock, it would be a drop in the bucket. The issue is Major Fund holders like Black Rock and others that only care about their profit and not the long term viability of a company or its employees. That should be the fiduciary responsibility from the BOD and company executives but GREED has won out and they will continue until they k&ll the golden goose that laid the golden egg.
An excellent idea. With that in mind the company should just buy back all the outstanding shares so there would not be any shareholders to answer to.
Is there something that prevents the employees from becoming shareholders? If they own shares, the company will work in their best interest, too.