In his now infamous “to all employees” diatribe, Mr. Stink penned, "We run a dynamic, customer-facing business, tackling large-scale, challenging initiatives“ but I am here to inform you that we actually run a telephone company. For a hundred years it was a monopoly, but even after divestment, it’s basically the same business. People (aka customers) want to communicate and we provide the utility infrastructure. The end. What your still here? Waiting for me to eat shawarma? Since you’re still here, ask Mr. Stink at his feeding trough in South Akard why we need him? If I ask Ask AT&T, ChatGPT or Microsoft Copilot Chat how to run a successful dynamic customer facing system, it will give me a 2,500 word double spaced response in 30 seconds and ask if I want it in PDF or PowerPoint. I can ask that question while chained to a desk or watching the TV and I wwill get a response. So maybe instead of chasing all of us Gen Xers off your lawn because we can dial on a rotary phone, you can pack up your shine box and hit the road, pyjam-pa!
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2 parts to this company imo. As the basic infrastructure becomes fully fiber we are indeed becoming like the water company. Little activity unless there is something like a cut. It will be more challenging if and when they start to collapse the CO’s. New builds will need hook up work, just like the water companies. However the wireless network is somewhat different. That is where we see competition forcing change. If some of the impact is correct even some of that work might slow down when and if it is actually deployed.
AT&T is septic sludge, long since flushed into irrelevance, it’s awkward freak master Stankey occasionally pushes the tu-d backward up the pipe to be visible by the media but soon it slides back down into the murky cesspool that is the offices of the worlds most revolting company.
AT&T is as technologically evolved as a ball point pen. The people that work there are devolved slugs that cling to a long dead carcass. Its ruler is a Nero like puppet master of a cult of frightened brainwashed zombies. And that is the nicest thing I could say.
Go get your shoebox Stinky and bald pin head. Sleep and sink to bottom of ocean. Stinky dictator speech at recent EGC shows he is weak, scared and didn’t take 1 question from group. FU winky winky stinky
even a commodity telephone company can have lots of innovations. But Stank ki-led all hopes of that.
He'd like to get rid of all employees except in foreign countries and most employees no longer care about anything other than their paycheck. THAT'S the culture he created.
All is good until a utility has to actually compete . . . then it becomes a price war.
We are a utility. As much as they loathe that. That’s what we are. All stank needs to do is keep the lights on, offer customers a reasonable market price, and the rest will work itself out. Not much brain power required to run this place. It’s when they step outside that “square” that things go sideways. Stank you aren’t a Jobs, Bezos, Musk, Buffett, Bren, Gates or any of those people that founded a cutting edge company. You will never be that. You are some guy that somehow wormed his way up the ranks in corporate America. As far as I recall, nobody that has done that has been really any good at leadership nor innovative. They are simply good as pleasing their boss, throwing others under the bus and blaming everyone else for their failures. I know some former L2’s with more entrepreneurial and innovation on their resumes than you ever would have.
@a7 "Stankey is delusional thinking that we are anything but a commodity"
No. He just thinks his employees are.
Stankey is delusional thinking that we are anything but a commodity
"If you don't like it, leave." - JS
But I generally agree, with a nuance. We run a telecommunications business, not a telephone business. The hubris of leadership to think we could morph into a media/content provider or a software development organization is ludacris
I do think you're on the right track with your idea regarding AI's ever growning ability to render leadership obsolete. We live in a data driven world, it won't be long before the data will speak for itself without requiring overpaid execs to convolute the message to fit their siloed, shifting, agendas.
Lastly, "We run a dynamic, customer-facing business, tackling large-scale, challenging initiatives“ I don't feel is an incorrect statement. Providing any service, especially something as critical as communications, on a large scale has many more behind the scenes challenges you seem to be minimizing.
OP is G-dam right. The company is a utility. It's not meant to be a "hot stock" by definition. Trying to lick shareholders (the billionaire shareholder, not the working-class 401K shareholder) derriere is getting us all nowhere fast.
You could put this in Copilot and it will fix your typos.