https://www.washingtonpost.com/business/2021/05/21/shareholders-fiasco-att-time-warner-discovery/
Is anybody worried about how this will affect us?
I think we can all agree this deal hardly did AT&T any favors. When the whole thing is done and over with, I'm thinking the leadership will realize some more cost cuts are necessary to make the numbers (artificially) look better. The best (and the... — read more
Foolish to assume slimmer T can compete with T-Mobile, Verizon, Comcast
Past week has been Just shuffling business units and numbers around. For AT&T the remaining employee base has been beaten up. All the failures of Randall Stephenson, John Stankey, and a flacid Board Room have been "We" and as a result the employees... — read more
NY Times piece destroying the Discovery purchase of TW
*"some analysts have made a persuasive case that the AT&T chief executive, John Stankey — who spearheaded the 2018 deal, as well as AT&T’s disastrous acquisition of DirecTV three years before that — is the worst media strategist in recent... — read more
Customers
With the spin off of DTV and TW who are the customers T should be focused on? The place is a hot mess!!
Jim Cramer on CNBC Friday: T BoD of Directos needs to claw back Ratty and Stinky compensation
Thank you Jim for pointing out very visibly how dishonest Ratty and Stinky have been. The BoD should claw back Ratty's and Stinky's compensation. But the Board of Misdirectors will not. You need to add each and every Board member to the Board of... — read more
How can Stankey keep his job after this?
No matter how hard he tries to spin this, this is a huge loss for us. We get fired for the smallest infractions, how is he going to survive something as big as this?
AT&T (Ameritech Center) Hoffman Estates, Illinois - Update and Closure for those that worked there...
Bell Works (not to be confused with any Bell telcom company) is taking over our old residence and building "The Metroburb." "The Ameritech Center in Hoffman Estates, originally built as the former AT&T research facility, is being transformed into... — read more
The stock seems to be slowly recovering
https://www.barrons.com/articles/att-stock-upgrades-51621601401
Legg Org Townhall
If you are in Legg organization please vote up the questions for June 3 Townhall. This will be the 3rd exec to dodge the questions
Seriously did Stank just blame wall street for our problems
Seriously did Stank just blame wall street for our problems
Stock Price
This stock is not worth over $30. I hope on the 2nd qtr. call ALL of the severance, transactional and restructuring costs are laid out. There needs to be clarity on Kilar’s new role. There should be some senior level terminations behind this... — read more
Dividend needed to be cut
I've been saying we need to cut dividend for years. I've posted it here before and got laughed at. But the fact remained through all that that we were (and are) not able to afford what we were paying out. Our levels of debt are the best indicators of... — read more
Apologies
My apologies. 5 years ago, I stumbled across this site while looking for more information about AT&T acquiring TimeWarner and how DirectTV was handled/treated. When I read the posts on the site, I remember thinking to myself, “what a bunch of... — read more
Warner Media Discovery suspicious timing
Anyone else feel the timing was a little odd? The announcement took place after AT&T’s BOD re-election. Some might consider this to be an integrity issue. AT&T’s top 10 shareholders must demand the resignation of all BOD members. JTS needs to stay... — read more
AT&T Will Owe $1.8 Billion Breakup Fee If It Drops Discovery Deal
https://variety.com/2021/biz/news/discovery-breakup-fee-warnermedia-merger-att-1234978186/ Just like the T-Mobile a $4 billion breakup fee?
Back in office
Got notified that my group is going back to the office full time starting June 7th- I’m so nervous - anyone else going back?
Anne Chow's view
I love that, build the box. Don’t just think outside it. That’s what you need to do with 5G for sure. You have a fascinating story and how you got into this type of work and also a little bit about your journey.
At&t news
After 50,000 Layoffs And Absolute Chaos, AT&T Ends Its Bungled Media Experiment Failures from the great-job,-Bob dept Tue, May 18th 2021 6:46am — Karl Bode You might recall that AT&T spent nearly $200 billion to acquire Time Warner and DirecTV... — read more
stanky honored on cnbc
https://www.cnbc.com/2021/05/20/jim-cramer-adds-att-ceo-to-wall-of-shame-thanks-for-nothing.html
Barron’s
How can this deal create money out of the air? Why is Stnky claiming that T share holders make 100B out of the deal?
OK, what can we expect next?
I just wonder what the next stupid move is or will some miracle happen to get things back on track? I’m afraid a lot more stupid moves will follow. Sometimes I can’t believe the moves that are made by those at the top and, unless they were trying to... — read more
ATT has no cards left to play?
Do we lay fiber? No. Run our own RAN? No. Create software? No. Innovate in a Bell Labs-like setting? No. There is nothing that makes this company special anymore. Someone remarked very well that this company no longer has cards to play and I... — read more
TW CEO
The CEO just got a seven year extension which me Kilar will not stick around. The BOD will pay him $52 million to leave. This crew is “brilliant”!!
what can you get for 274k?
https://www.forbes.com/sites/shaharziv/2020/05/12/while-republicans-balk-at-2000-second-stimulus-check-retiring-att-ceo-gets-274000-every-month-for-life/
Level 4 Promotion
A Level 3 manager just got promoted to level 4. He's no longer in supervisory role but still active in the organization. He was successful as the level 3 and really didn't want the level 4 but ultimately accepted it. He's very politically minded... — read more
the SEC should look at the BOD
TThe scam is, that AT&T exec board are going to buy out Time Warner's entire IP for a fraction of its actual worth. They will undersell everything, and buy it via shell companies. Thats what they did when they spun out DirecTV. Now the AT&T... — read more
If nobody goes to jail, nothing will change
None of the incompetent and deceptive executives and board members will go to jail. Misleading investors, overstating revenues, understating debts, taking government subsidies for building networks they never delivered, taking tax cuts for... — read more
Good Read
https://www.techdirt.com/articles/202105/06282946811/after-50000-layoffs-absolute-chaos-att-ends-bungled-media-experiment.shtml
Duped
Randall Stephenson, John Stankey and John Stephens duped shareholders while getting tens of millions in compensation!! This is almost as bad as Enron. Hundreds of billions of shareholder value has been destroyed and tens of thousands of people lost... — read more
Financial Problems at ATT
You cannot make $200 Billion Plus in Disastrous Acquisition Merger Attempts, Ignore your Thoroughbred Wireless Business, and take on the most Corporate Debt in America and not be in trouble. Sad thing is if they just boufht them and left them alone... — read more
How bad is it really?
Even with the infusion of $60B from DTV and TW, this still leaves T with a untenable debt load of $110B. I don't think we know how bad things are now but hopefully as the days go by, we will know how dire things are. I believe Stankey was deseparate... — read more
Can Someone explain the calculation on receiving the new shares of the the combined Warner/Discovery company?
Business News articles state shareholders of T will receive 71% of the new entity. If a shareholder has $50k (value) of T shares how much of the new company shares will they receive in like value?
What financial pressure would cause John Stankey, CEO of AT&T to approve the reduction of the dividend?
I think we are in for more fun. The C-suite can't cut employees fast enough, so they go for the big cost.
D O N E
Called my boss today and said, I’m done! Too young and not enough time with T to “retire” , but I’m leaving the workforce. My financial advisor said I can do it, so, I’m doing it. Can’t take all the process cr-p, to a of training, all the tracking of... — read more
Randall's pension plan is a stain on this company and a complete travesty
I wonder if there's a way to get the company to back out of Randall's 274k a month for life pension plan, which is completely ludicrous and arguably immoral. Axios summarized Randall's accomplishments... — read more
First report on the careers destruction ..AT&T LEFT BEHIND
https://www.techdirt.com/articles/20210517/06282946811/after-50000-layoffs-absolute-chaos-att-ends-bungled-media-experiment.shtml#comments
Leaving T in 2021? Think about this.....
Yes, the pension is 'protected' by the PBGC; however not at 100%. I always thought as long as T is paying shareholders the healthy dividends, our pension is safe. Well, the chickens now have come home to roost, the dividend is being slashed in half... — read more