Thread regarding AT&T layoffs

Thanks to Snake Oil Ed, favorite son in law RJS and Uncle Fester, the SBC dumpster fire has consumed every company it acquired. The list is a long one but here are a few names, Ameritech, BellSouth, Cingular, DTV, and the all time biggest cluster, yup you guessed it, Time Warner. Compensation for destroying billions in shareholder value. Only at SBC can this happen.

Most are for equitable exec compensation packages, if deserved but these incompetent’s are getting raises for failing. There used to be consequences for repetitive bad decisions that affected the company, stock price and employees.

Isn’t it wonderful that the leader of a public traded company continues to get large raises from a sycophant board. They in turn do the same for their fellow C-suite elites since they are on each other’s BOD. All while letting the human capital suffer from low raises, removal of benefits, unnecessary RTO and massive layoffs.

The company stock, dividends and market cap have gone way south from all the poor decisions but the public elite employees keep getting large compensation packages for poor performance. No consequences only, more enrichment!

What those Machiavellians “deserve” is somewhere between a perp walk and a tar & feathering.

“They deserve the full compensation packages received.”

How can I become an executive so I can get some of that?

It's not right that executives get paid so much and I don't.

1. 8% for me. I need another job.

If the C-Suite personnel use grammar as poorly as the managers who write into this blog, then I know why this company is in serious trouble. It has become very evident that T doesn't have very bright employees working for them. God help us all while we cruise the seas on the Titanic!

There are minions and there are executives. That is how things work.

Unintended(?) consequence of the 401k. There is a direct correlation on the introduction of the 401k and the rapid rise in executive compensation at large publicly traded companies.

When you incentivize money to be invested, don't be surprised when money gets invested.

The face of the Stink is not a one for any company - especially one that is the top CEO on the CEO Wall of Shame.

The Stink Stinks. You smell it anytime you see his ugly mug.

'Execs are the face of the company'. Yes, and the executives knew that when they accepted the position. That aspect of their job has not changed since news papers became widely distributed. The issue is not the initial pay contract they agreed to, it is the YoY increase in compensation that they receive when the rest of the workers actually lose spending power to the economy. As well, many of the perks the C suite get as part of their job just further reduces their experience related to inflation and other economic factors. The rules they make for the rest of us is very impactful on our lives, but not so much on theirs.

Anyone defending c suite on this thread will receive a resounding agreement I think

The Executives in the C -Suite are the face of a company. They are working anytime their in public. They deserve the full compensation packages received.

Most of us at T got 3.5% - go figure.
Below average, sounds about right.