Thread regarding AT&T layoffs

Randy, can I get a handout?

Don't hold your breathe, RS and Stank aren't going anywhere soon. They will assert their extraordinary leadership to steer the company through this crisis and ride off to the sunset like heroes. It's time to lower the mandatory retirement age to 55.

"AT&T’s mandatory retirement age is 65 for top executives and Stephenson is only 59, which suggests there is no urgency. And as Stankey is 56, if Stephenson doesn’t retire early, Stankey may miss out entirely. If Stephenson waits another six years, AT&T’s board might focus on the next generation. But I hear Stephenson may choose to go earlier, which would give Stankey a shot."

it is simple...like rats fleeing a sinking ship, there they Go with enough money on the bank, why risking a severance package cut.

But really, WHY did they? And how did they benefit, and how did it hurt (not) them? this looks like a golden parachute of another color. No CEO or anyone else walks away from big money paychecks and perks, ever, unless there is a well worth it payoff, you and I just don't know what it is, yet.

The data is from 2019 but it gives you an idea of why they do it in tough times.

https://www.nbcnews.com/business/business-news/why-have-more-1-000-ceos-left-their-post-past-n1076201
https://www.investors.com/news/ceo-turnover-bailing-out-droves/

They jacked up the stock price with corporate stock buy backs and then left with the gold. Same story, same outcome...

Waiting for the next paycheck and the back to complaining.