Here's food for thought: they are changing how directors are being compensated to reduce costs - a bit higher salaries but lower long-term incentive. This is because the stock is s---ing wind. Lowell and the board will do whatever it takes to maintain the dividend and get to that 10B in cost savings.
So three things happen - fewer employees, lower pay, and lower severance to help maintain the dividend. Given there are zero new areas where the company can make money (including the Oath cluster f**k) its going to be a sad, sad death spiral.
In the meantime, the patricians will hide in Building 4 at Basking Ridge will ride the gravy train as long as possible before they are fired, but say it's because they want to move in new directions. That's the Walden story.