Singer Wants Stephenson And Stankey OUT At AT&T

Paul Singer's Elliott Management wants to rid AT&T (NYSE:T) of not just CEO Randall Stephenson, but his heir apparent, John Stankey.

Stankey is chief at WarnerMedia, and was recently made president and COO at AT&T.

That raises a number of questions, says Byers. Among them, what would become of WarnerMedia? In its letter yesterday, Elliott says AT&T "has yet to articulate a clear strategic rationale" for why it purchased the company.

Another question: Who else does Elliott want to see go? Yesterday's letter said DirecTV, the company's Mexican wireless operations, pieces of the wireline footprint, and other assets "must all be evaluated."

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All this will do is move the even more incompetent sycophants down the chain of command to the top. You want McElf in the CEO job?

“Retail Footprint and Operations: AT&T has opportunities to increase flexibility and reduce costs in its retail footprint, including closing redundant stores and increasing labor productivity. AT&T can also evaluate greater use of authorized retailers, an area where it significantly lags competitors today.”

Love how these guys both just to pay someone less to make more money. Elliot is right about a lot of things. But he doesn’t nothing more than point them out with plans of CUTTING jobs to fix the problem. At least Randell tried to grow. No, I’m not defending the choices that have been made at an executive level which put us in the situation to begin with. We need to unmask the real problem here though. Elliot? CEO’s? Their the same if you ask me. Money hungry, POWER hungry animals. Why do we have to fight to get so rich? At the expense one ONE persons quality of live, it isn’t worth it. Why risk so many? Let’s break up T back into individual businesses, a Media Company, a telecommunication company, and a wireline company. Vote new executives to accommodate effective upper level leadership, and part ways. If only it were that easy...

Apple doesn't have HBO.

This small time investor is just trying to make some money by raising issues they can't do anything about. A lot of other investors have way larger holding than them. Goldman has like 54%.

att is evolving?

Board needs to take control and clean house.

The “stank” starts at the top!

Well in behalf of the majority of the employees – we all want those 2 OUT as well. But Randy and Stankey are such close friends and I wouldn't be surprised if Randy is the force who promoted the other JOHN.

Apple just announced $4.99/month Apple TV

AT&T is doomed

Thread regarding AT&T layoffs

Singer Wants Stephenson And Stankey OUT At AT&T

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