Customers, Shareholders, or Employees. If Stankey could do another mega deal to roll the dice at his legacy he would. TMobile Market Cap $179B, ATT Market Cap $123B. Arguably the worst decision of Stankey and Stephenson was the most innocuous at the time with the few billion in cash and few billion in spectrum value to TMobile as a breakup fee to their failed attempt. At the time TMobile was a $20B struggling wireless carrier and ATT was a $200B plus market Cap. Nice going John and Randy. Two Bumbling Fools
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Couldn't happen to a nicer group .
TMOB acquisition was doable. Stephenson did not execute. You have got to know who to payoff to get the deal done. Stephenson just didn't understand big business. When SBC wanted to acquire Ameritech, ole Whitacre paid off politicians and agreed to hire William Daley as president of SBC. Although Daley's tenure was quite short, Whitacre got the deal done.
Just bitter because times have changed and you are threatened by change. Then you gotta talk yourself up about how hard you work.
"Are you bitter because of the company or are you bitter because your life is going nowhere?"
How about, some of us are bitter over putting in decades of working hard and working smart, only to see the company circling the drain due to the repeated bad decisions of the leadership. Talk about hitting rock bottom and continuing to dig. If the Board cared at all they would have cleaned house after the TMobile failure. It was OBVIOUS that the govt then in power would not allow such a merger and only a clueless exec would ever have tried it and agreed to those terms.
There were once a bunch of people who worked very hard to make a nice sea cruise for some passengers. But the id--t driving the boat hit an iceberg and drowned most of them. The end.
Are you bitter because of the company or are you bitter because your life is going nowhere?
Stop whining. We are turning it around. Some people can move forward. Some people get stuck and go nowhere.
Yes, yes. No surprise. You showed up right on schedule my little sycophant. The rats always come for the bait. Never disappoints.
Stop whining. We are turning it around. Some people can move forward. Some people get stuck and go nowhere.
Careful now. Shortly will come the company fan boys and girls with booble heads a' booblin' saying "Keep complaining about old news such as the FAILED T-Mobile purchase. Well after nothing happened to the C-Suite after that "small" disaster, "leadership" thought they could go on to bigger and grander things. Thus the DirecTV purchase on the downward slide of DBS subscribers. No worries right, we bought DirecTV for the content even though their subscriber base was trending down. SOLUTION! Let us buy Warner Media at a premium price. They have customers and Stankey knows more about media than anyone. AT&T will be a behemoth in media entertainment.
Well guess what happened. Years of wasted capital and a mountain of debt later, we are trying to play catchup in our core competency.
The failed TMOB acquisition was a direct result of Stephenson and Stanley's inability to close the deal. They were nieve to think they could get the deal done without greasing the palms of government regulators. May even had to agree to hire relatives of regulators, much like when SBC hired on Daley out of Chicago. What a waste of cash that was!
We should have bought T-Mobile when they were cheap.