https://seekingalpha.com/news/4652683-att-to-sell-att-mexico-to-grupo-televisa-and-fintech-holdings-for-2b-in-cash?share_source=shared_news
9 replies (most recent on top)
Worst business man in history. Invests billions and sells for 2.
This guy would sell his sibling if he could. And it still doesn’t hit the bottom line.
Late in the 1980s through 1990s, Randall Stephenson held executive positions at the company, including oversight of SBC's investment in Telefonos de Mexico (Telmex), where, according to Bloomberg, he was mentored by Carlos Slim. You can blame Stephenson for this. He and and his buddy Carlos Slim, likely still vacation together. Partners in crime.
@ap
Slight correction
Buy something with investors' money and transfer billions to companies that our officers have a vested interest in. Then sell for a ten or twenty billion dollar loss of investors' money.
AT&T is where investor money is transferred to T officers and the companies they have a vested interest in.
^^ this is the pattern T has followed for over a decade now. It's being done on purpose.
What's $2 billion when you're $145 billion in debt?
Gotta pay for that new HQ somehow
Typical T , buy something and invest several billion, and then sell for a ten or twenty billion loss . AT&T is where money goes to die.
Stankey......we are sick and tired of your depreciating asset sales.
How about an appreciating asset sale for a change?
Invested 10 billion, sold for 2. Lol another loser bet that AT&T is paying heavily.
How much further in debt is T due this latest buy/sell?!
MORE Layoffs in the future to offset this latest buy/sell!