Thread regarding AT&T layoffs

Tax savings = more stock buybacks. Just watch. The employees and customers will not see a nickel of that money unless they are d-mb enough to buy our stock.

"If you're going to try and talk about economics at least have a first graders [sic] understanding of markets before you start typing."

Wow. I'm always impressed by a person who appears to know the term "balance sheet," uses the R word, and demonstrates an understanding of economics that exceeds a first grade level but which does not begin to compete in profundity with his or her sense of superiority.

“Time for half of you to go!”

The whole of you needs to ‘go’…on a long walk off a short pier (whilst holding an anchor).

Nice for AT&T to get some savings from the tax cuts. Gives the company extra help to run the business.

What a pack of disgruntled losers on here. No wonder AT&T has had so many challenges. Time for half of you to go!

Trump is helping the little guy by helping Stankey and AT&T. Things are looking up.

@b7 Spot on. We love this playbook. Anytime we can celebrate the government publicly, make a bunch of promises and then never really have to follow up or even deliver on it, we love it.

@ak

With all due respect, far from illiterate. Corporations didn't always behave this way. It wasn't always like this until the 80's and 90's.

You may also wish to know that NO, not every business behaves like this (currently).

@b9

Tax money is our money. The government doesn't have money and doesn't produce anything, only spends, and inefficiently.

All taxation is theft...period. End of story.

@a8

The trend started in the '70s. That is, when productivity growth and salary growth started to separate and productivity increases didn't translate in salary gains. The gap expanded further since then.

Henry Ford shared his productivity growth with his workers, but we don't have this type of CEOs anymore. In the 80's, Jack Welsh (GE CEO 1981-2001) is a prime example of short-term profits and aggressive cost-cutting that came at the expense of workers and long-term sustainability, and there you have it...

This is not (should not be) be a blame this party or the other party, IMHO. The reason is quite simple, both parties are to blame for what has been taking place for the past almost 50 years, ALMOST FIFTY, yep.

Some history: The gap between productivity and compensation growth widened during the Carter administration (1977-1981). Yes, productivity continued to grow during the Carter admin (though at a slower pace than in previous decades, due to the crisis). The combination of this slower growth with high inflation meant that workers' real compensation lagged further behind, leading to a widening productivity-compensation gap.

Randall Stephenson did the same thing when lobbying for the 2017 tax cuts. He promised thousands of jobs if congress passed that tax act. Not only did att not create those jobs , but they began mass layoffs shortly after it passed. These clowns in congress and the corporations that support them consistently lie to public. And why wouldn’t they. The public by and large fall for it each and every time and no one is ever held to account. So it’s an old trick that they repeat over and over again because it’s effective. Anyone who is middle class and votes for these republicans who pass these tax cuts for the rich is a fool voting against their own self interests.

Yup. T lobbyist just got paid. Ts real HQ is on K Street in DC. Tax weasels in Dallas just met their commitments. Now you’re all fired! It’s the SBC way - su---r!

“Bunch of economically illiterate re--rds posting here”

Be that as it may…if you’re some financial guru, why aren’t you out on your yacht drinking champagne? Why would you lower yourself to mingle with us “ret@rds” big shot?

@ak

Economics aside, I believe the primary point being that “benefits to the average Joe” is always the selling point made for these types of tax cuts. You’ve clearly outlined how it does not.

Bunch of economically illiterate re--rds posting here...

Also, you people who have no idea what a P&L, B/S, and statement of cash flows is. The reduced taxes will help free cash flow and not do anything to improve EBITDA and EBITDA margins, which is where John (I hate him, too, btw) wants to show company performance improvement (also, SHOCKER, improves FCF). And any CEO/Board's #1 responsibility is to do what's best for the shareholder. No one wants layoffs but you're actually re--rded if you don't know that this company still has a shitload of fat to trim. And, yes, a lot of that (in both # and $) is in the upper ranks of management. John being the #1 useless piece of sh-t in this company.

If you're going to try and talk about economics at least have a first graders understanding of markets before you start typing.

@a6 - I don’t disagree with you about AT&T’S bad management but do you think it’s an outlier as far as what big American corporations are doing with their tax cut savings? Trickle down economics has been debunked over and over for years yet people still fall for it and trust in the Fortune 500 CEOs to pass the savings on to the American people. It just doesn’t happen. Look at data on corporate profitability vs employee wages over time.

Is that guy still running things there? Him and his bald head need to pull an MH-17 and disappear.

Tax cuts are meant to allow for reinvestment. Taxes are a macro tool, not a micro tool and cannot be discriminatory by law (meaning, "you will not get your tax cuts unless you do [this or that]...").

The BIG problem here is not the tax cuts, which are a positive event, but AT&T has a failed strategy and terrible executive suite (for years and years now), so every single potentially good policy will turn into bad, regardless of government or party in power.

AT&T MANAGEMENT SU-KS NO MATTER WHAT.

Stan-kee-kee and everyone directly under him.