Our leadership is a lot of things, but "fearless" is not one of them.
L3s and 4s quiver at even the prospect of having to present bad news to the suite of folks getting $69M a year to run this place. Ever had a risk slide pulled or edited in your deck, "we can't say that"? We meet and talk and "collaborate" while entire sector opportunities slip though our fingers as competitors eat our lunch.
We are, in effect, a utility providing connectivity the way a power company brings electricity. We want to be unregulated but also seek to legislate competition away in Congress and statehouses.
Fearless is not pulling back your videos when you slip up on all-employee calls and admit the real reason behind RTO.
Listen to the fear every quarter on the analyst call as Mr Fearless touts up incremental shifts in "EBIDTA" and cherry picks figures from the quarterly statement. How's about that 25% drop in value during our tenure? on No hot sauce antics in those calls, just a guy trying to get listeners to forget years of bad decisions. The stock market usually and rightfully ignores this.
With millions of subscribers and dumping legacy products, the company is overdue for belt tightening. Instead of honest reductions and layoffs, we get RTO and mealy mouthed excuses. There are names for this: "constructive dismissal" and "toxic turnover."
Fearless, my foot.