Also, some other nice gems in the article.
https://www.bloomberg.com/graphics/2019-opinion-att-hbo-hollywood-plot/?srnd=premium
Randall originally wanted a career playing with animal cum. Should have stuck to it.
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"The Oklahoma native studied animal husbandry in college before an artificial insemination class,
held on a blisteringly hot afternoon, convinced him to become an accounting major. "
He got his job at Pacific Bell the old fashion way. Nepotism.
- -"I got my job the old-fashioned way. My brother got me on"
His biggest modern accomplishment was actually Steve Jobs accomplishment.
- - " He can tell you how, when he was AT&T Inc.’s chief operating officer, “the guy in the black turtleneck” from Apple Inc. persuaded him to form an exclusive partnership in 2007 to distribute and support a newfangled product: the iPhone."
No Sh_t?
- "AT&T hasn’t offered much proof it can manage other assets as successfully as its U.S. consumer wireless business. Despite AT&T’s monumental makeover, its stock price is almost exactly where it was when Stephenson took the helm in mid-2007. (Stankey served as his operational point person along much of the way.)"
But don't you dare place an order for a tool you need or basic office necessities!
- "HBO Max will be a money pit for the next few years while it splurges on producing original work and builds its subscriber base. At $15 a month, it’s the same price as regular HBO but with much more content — making it something AT&T hopes might be a Netflix k–ler. HBO Max carries more weight symbolically than financially because it’s not expected to become profitable until 2025"
Yeah...
- "The market has its doubts. The day after Disney pitched its Disney+ streaming service to investors in April its shares rose 12%. After AT&T rolled out HBO Max its shares rose less than 1%."
Pleas, please, please, please.
- "There’s also a chance AT&T ditches the pivot altogether. If wireless carriers T-Mobile and Sprint Corp. are allowed to proceed with their merger, it would set a precedent for direct competitors to merge. That could give the green light for DirecTV to combine with its satellite-TV rival Dish Network Corp. In a phone interview in July, Charlie Ergen, Dish’s billionaire controlling shareholder, said coyly that a transaction like that has “industrial logic.”"