So, when all is said and done and we beat this COVID-19, what are your thoughts on shared work space going forward?
5 Billion Emergency Fund
AT&T seeks $5 billion bank loan to weather virus impactThe talks are reported to be in flux and terms could ultimately change. AT&T is one of dozens of companies asking banks for new credit lines to raise liquidity as the commercial paper market... — read more
Alert!, Two Downgrades Today, stock new record $26+
Concerns about AT&T Inc.’s exposure to the media landscape are weighing on the company’s shares Monday, putting them on track for their largest four-day slide on record. Analysts at Cowen & Co. and Baird each downgraded AT&T’s stock T-5.91% to... — read more
Employee Retention Tax Credits
So Randall is on the "Business Roundtable" of large company CEOs. Last week they sent a letter to the President asking for a few things: Employee Retention Tax Credits (i.e. "we won't lay people off for a while, if you cut our taxes... — read more
DO THE MATH
Average annual dues to CWA $800 times 270,000. Wow that’s a lot of mullah! What do you get?
DREAM ON
I have a dream - the union suspends dues until the end of 2020 to help boost the members and the economy.............. yeah it’s just a dream, sorry
With all the OTHER CEO'S RESIGNING WHY NOT RANDY
As a former employee - I used to hear 2020, 2020 training, 2020 AXe time. Wonder if Randy knew about this beholding 2020 dooms day - that's why he didn't like the political agenda. Things that make you go HMMMM.. that 2020 training was/is a joke and... — read more
complete meltdown, going to the 2010 lows? $21-22/share
holy cow the yield is going to be like 10%, reminds me of all the companies that went under in the financial crisis
We warned AT&T , BUT NO ONE LISTENED
Many of you knew this would happen, runaway debt sealed the company faith, with an announced recession , In the month through Friday, AT&T shares dropped more than $10, or 26%. This is why balance sheets are soooooo very important with 160B in the... — read more
Will Buyout stop Surplus activity for a while ?
As I read the proposals and details , it looks like if AT&T is going to ask for Buyout help (and they will which is why they stopped the Stock Buyback), that looks to also mean they cannot layoff any Employees for a given Period of Time, I am... — read more
RANDALL IN REEFALL, BLAMES THE VIRUS
expect fundamentals particularly within WarnerMedia to be pressured including HBO Max, AT&T is unlikely to beat the market either on a continued selloff or eventual recovery, AT&T won't be able to meet its three-year target.
analyst downgrade due to virus. this could actually save randy from his decisions
he'll blame it all on the virus and say att is set up for the future. leave with a big package. att is requesting a bailout because of the virus, not all the dumb decisions. makes sense. worked for boeing and the airlines
Sounds familiar?
https://i.redd.it/upl9v7tmh0n41.jpg
This is "a time of war"
I love how Randy is posturing on TV and is all "this is a time of war" when it comes to coronavirus, and yet it feels like it has been a time of war for the company's employees ever since he became the CEO. At least that's how he's been treating us... — read more
Mobility Techs still working BAU in the west
Seems strange $ that we are still working BAU Verizon has been only working outages for 2 weeks.
Firstnet yeah right $$$$$$$$$ WOW
https://www.theverge.com/2020/3/20/21188164/att-retail-stores-coronavirus-leaked-memo-essential-business-services
Exstension of leave
They extended the 2 week leave for those over 60 or a serious medical condition by 2 MORE weeks!
T stock now where it was 8 1/2 years ago. VZ stock up 40% since then.
This 1 massive fact is all that anyone needs to know in order to figure out that the entire top 3 or 4 leaders of AT&T need to be fired, immediately. How did Wall Street investors ever allow these guys to keep their jobs, let alone get... — read more
Pinocchio inspirational BS
AT&T CEO Randall Stephenson says corporate America is going to need to "step up" to help employees, customers and the country "A lot of the business leaders, and myself, particularly, we're looking at this as a time of war," Stephenson told CNN's... — read more
RATTY to be on CNN shortly.
I don’t watch CNN but will just to hear RATTY!
"AT&T accelerates Store Closures significantly" 📉
https://www-bizjournals-com.cdn.ampproject.org/c/s/www.bizjournals.com/dallas/news/2020/03/21/at-t-accelerates-store-closures-significantly.amp.html
Re: the $3B loan
China Mobility just lost 9M subs. Thought about this, at $200/month for a family for unlimited, who is going to be able to afford it? The competition is better and smarter, don't think anyone would disagree...and they don't have ~$200 BILLION in debt... — read more
GOT was the entire HBO franchise and the last season s---ed, done
no reason to have HBO at all. ZERO. randy bought the top. GOT writers mailed it in the last season with a horrid story line, leaving water bottles in production cuts, can't make this stuff up
Union reached agreement for new contract?
Just got a short summary telling us the “improvements” of our new contract. Didn’t read anything about guaranteed jobs on there. Their first main highlights were about just about getting earlier lay-off notifications. Looks like we’re getting F—ed... — read more
HBOMAX
For the love of God, The Friends franchise, already has a sequel you don’t want to remember. The reason why the one season series did not last was because it simply was not at the standard that “Friends” possessed, featuring terrible writing and... — read more
AT&T Disconnect
The company released a statement this afternoon stating that gloves and face masks are not required for field technicians at this time. Prem techs are currently still being assigned iptv and dtv installs that of course require extensive inside work... — read more
Poor decision making and safety precautions
Att makes horrible decisions in desperate times. After multiple solutions were on the table decide to close 40% of stores for “employee safety” then decides to completely disregard the idea of having their employees safe by sending the same employees... — read more
Thank you!
To all the new leadership team that purchased At&T stock at $38?.? you make us all proud....LOL
Would Elliot invest in AT&T if they could have a do over??
Their investment in T is now worth considerably less compared to their original investment. I HAVE TO GIVE CREDIT TO BOTH RS and JS!!! They can give the Green Winnie to everyone not just to employees!!
CHANGE OF HEART?
Stock buyback was dropped citing the need to "maintain flexibility." The company will instead invest the money in serving customers, and taking care of company employees
401K retirement plan update?
Just got an email that the retirement plan has been updated, but they dont point out what changed. Anyone know what the difference is?
SOS
Shares of AT&T (NYSE:T) have dropped today, down by 6% as of 11:30 a.m. EDT, after the company said it would cancel a previously announced stock buyback plan due to uncertainties around the COVID-19 pandemic. The telecommunications and media giant... — read more
State of CA Suspends WARN notice requirement
The governor of CA has suspended the state's WARN requirement that companies provide 60 days' notice of mass lay-offs.
AT&T nixes $4 Billion Stock-Buyback Plan
"AT&T called off plans to repurchase $4 billion in stock during the second quarter — and has halted all other buybacks — saying it has decided to keep the cash to invest in its networks and in taking care of employees during the coronavirus... — read more
What a difference a year makes
A year ago they were pulling reports to make sure employees were going in the office and NOT WFH. NOW they are pulling reports to make sure employees are NOT going into the office and they ARE WFH (to minimize the spread of the virus).
PROXY FIGHT NEEDED TO DUMP LEADERSHIP TEAM
As of Friday morning, March 20 T share price is now below $30 and down more than 9% in morning trading because of cancellation of the share buyback program. Significant increase in financial stress not because of traditional Telco business operations... — read more
stock price back in the $20s. it must be 2010. elliot pump job over. dividend in trouble
business all operating like c-ap. great job randy and john.
Can field technicians refuse to enter a home of somebody who is coughing up a storm?
Will they be fired if they do?