Thread regarding Crown Castle International Corp. layoffs

Ode On A Texan Urn

There once was a fella from Baylor
Who said “As CEO I can’t be a failure”
I’ll overpay for fiber
We’ll sign up subscribers
And shareholders will praise my behavior.

His manner was disarmingly folksy
His Board and employees he’d coax(ee)
I’ve got my good sidekick Nickel
To get me out of a pickle
And drive out any lazy slow-pokesies.

His sights, ambitions and magical powers
Stretched far beyond the great land of towers
“A tech titan I’ll be”
“No tech pundit shall disagree”
“I’ll buy fiber to quiet the doubters”.

I’ll conquer Elliott naysayers and dire adversity
And promote fiber, and small cells, and PURPLE diversity
“The assets are young”
“So y’all best hold your tongue”
“We’ll sign up that second co-locator in . . . (wait for it) . . . 2050!”.

Wall Street analysts and investors, how he held them at bay
At least once a quarter, over them he held sway
“I just use Texan magic”
“No fiber revenue ain’t so tragic”
“More capital we shall simply outlay”.

“Be patient, just wait, small cells and fiber we’ll nourish”
“All that’s needed is more capital, for these assets to flourish”
Then revenue will grow
And this CEO will show
What can be wrought by a Texas whirling dervish.

Both carriers and enterprise, great fees they will pay!
I’ll “DISH” and I‘ll “NETWORK” to help pave the way
To my fiber they’ll flock
It will be such a shock
When instead I must give it away.

“Be real, be an owner, be accountable” – these traits I will trample
New values will rule, by my PURPLE example
Obfuscation, diversion, and platitudes shall obscure
Any motive more pure
Than my inexorable desire to destroy all value financial.

From small cells and fiber, I’ll turn their attention
A fiber forecast? Well, it’s too soon to mention
From Form 10Q all fiber numbers will be deleted
And quarterly this will be repeated
And I’ll dazzle with demos of fiber microtenchin’

Sell fiber? You’ve got to be crazy, that’s heresy
We’re just days away from prosperity
For now, I’ll cut jobs to the core
And there will be no more
Questions about the towers vs. fiber growth disparity

If necessary, I’ll blame all the others
“Young”, old, Southpointe Yankees or brothers
No blame shall accrue
To this great Texan who
All opposition to fiber shall smother

From my perch I have told them “I won’t budge”.
Wall Street analysts, you just hold a grudge
On 5G this all hinges
“Our fiber reaches even the fringes!”
Fiber revenue growth? Someday it will budge.

To small cells and fiber I have given my all
I’ve borrowed from Wells Fargo, Citibank, from Peter, from Paul
But like a spurned lover
Or fiber through manhole cover
Investor patience has just hit a wall.

Alas, the CEO track I no longer tread
No more capital on small cells or fiber shall be shed
I give thanks to the carriers
But I would be much merrier
If I were a leader in high tech instead.

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| 2061 views | | 11 replies (last December 9, 2023) | Reply
Post ID: @OP+1pYEK4Ci

11 replies (most recent on top)

Way too much time and effort to read that let alone write it. Good grief.

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Post ID: @1vdu+1pYEK4Ci

"It's not a good thing that Elliot Management forced him out. They are vulture capitalists who seek out "distressed" assets. There could be more RIFs coming."

Saying that might make you feel better, but I'm afraid that you don't understand the difference between cause and effect.

Vultures only eat dead animals.

If you're right, then Elliott's sights were on this business due to it's own conduct over the past 7-1/2 years. The events that have transpired over this period are what is ki-ling it. Furthermore, if you believe that CCI is dead - well then, a 100% reduction in force would be appropriate. You can't revive a dead animal.

However, if you believe - like I do, that it's not dead, but instead needs serious issues addressed, then you should have some hope for the future state.

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Post ID: @1vdi+1pYEK4Ci

Let's face facts. All of our large investors are lined up right behind Elliott.
When all of your investors come knocking at the door telling you that your business strategy is failing, you have no right to blame the investors.

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Post ID: @1gph+1pYEK4Ci

If you downvoted that last one, you're probably one of the reasons that CCI is a "distressed" asset.

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Post ID: @1ceq+1pYEK4Ci

The distress of our assets is the issue and it is being addressed. I applaud the actions so far. Hopefully any other causes of the distress in our assets are also addressed.

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Post ID: @1qfy+1pYEK4Ci

It's not a good thing that Elliot Management forced him out. They are vulture capitalists who seek out "distressed" assets. There could be more RIFs coming.

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Post ID: @1oyy+1pYEK4Ci

Boo hoo “Karen” @wgh. Go peddle your privileged entitled ridiculous defense somewhere else. Most of us are/ were hard working frontline employees just doing our jobs and now paying the price for a j3rk 0ff who thought he was some kind of fiber messiah. Who in the EMT are you related to and got you your cushy and probably providing-no-value job? Are you really LN??

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Post ID: @1qwh+1pYEK4Ci

Wow obsessed much? This is an unhealthy amount time and effort than any normal person should have spent on a CEO of your (former) employer.

Too many people on this message board equating sh---y business decisions to their favorite uncle diddling them in the bathroom at Thanksgiving one year. So much feeling of resentment and betrayal.

It's a job at a corporation and didn't work out for you. Update your resume and move on like many of us already have.

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Post ID: @wgh+1pYEK4Ci

I know exactly who posted this!

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Post ID: @fnw+1pYEK4Ci

Wow. Bravo!

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Post ID: @kmk+1pYEK4Ci

Wow! Great job summarizing a self-centered failure in such a poetic form. It was done by one man and his spineless EMT team at the expense of more than a 1,000 employees affected with the last RIF and pending move option to Houston that many will choose not to make. The fall of the great and mighty has been heard around the world.

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Post ID: @lrq+1pYEK4Ci

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