That's the tragedy of it all. No matter how badly Stankey and his cohort sc--w up, there will still be a company left. It might not be as big, or as good, or as popular, but there will still be a company standing. That's why they're so confident even though they keep making huge mistakes over and over again. The sheer scale of AT&T is ensuring they'll still have a job no matter how much they fu-k up. The rest of us, not so much.
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Neither could Washington Mutual, holder of the most mortgages in the us prior to 2007-2008 collapse.
Hubris to think anything is guaranteed.
Hubris is what runs this company. Get product in customers hands at a profit. Everything else is bullsh-t and lies to validate your job.
AT&T already failed. What exists today is a rebranded Southwestern Bell Corp.
It happened once and one day history will repeat itself.
We are growing mobile and fiber subscribers. Turning company around.
AT&T is like a cluster bo-b it’s exploded and gone in every direction and no one knows how to contain it or for that matter reel it back in. Another analogy is, A big ship at sea and no at the helm driving in a good sensible direction.
you think all those gergia tech master of computer scientists would do something to save the company.
General Electric's (GE) decline can be attributed to the following (should sound familiar): Poor acquisitions, excessive debt, and the lack of cash flow. By early 2024, GE plans to split into 3 different companies. This is the same path for AT&T, no one is too big to fail when you have poor leadership.
Popular?
Paying the workers. Paying the dividend. Paying down the debt. Go Stankey.
If you think T is too big to fail, thing again.
They should’ve refinanced it early and locked in all those low rates.
They could still wipe out the shareholders and some of the bond holders. But, portions of the business are worth more alive than dead, particularly wireless.
At the moment though, they are generating free cash flow and paying dividends. But, a lot of their debt is low interest debt, which, once due would have to be refinanced at higher rates. Their latest 10-Q shows $11 billion in debt maturing in one year. It doesn't look to me like they can avoid refinancing all or most of that amount.