The last CNN article about Verizon was three days ago, so nice try. And they listed field techs who's base pay is over $80K/year. Good luck getting sympathy for that.
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Little known factoid: Due to federal governmental policy local wireline assets that cover the original Bell Atlantic footprint, from NE to Virginia can not be sold to a company near or far that has foreign ownership or investment.
lowell, marc,& franny need their sh!t pushed in.
Wolf Blitzer just confirmed that the OP is a big fan of receiving DP from Lowell and Francis.
This is normal stuff. What is abnormal is the amount of this that the company is doing to raise money to buy more sh--ty assets. At the end of the day it is simply more debt, albeit secured debt. The company did a similar deal on the Verizon HQ in Basking Ridge last year for about 650 million. Too bad the company spends too much time on financial engineering and not enough time on communication engineering. They raise this money to invest in crazy crap like Hum and Go90 and AOL.
This kind of stuff will be in the financials. If it is a big enough financing it will get some financial press so the banks involved get their bragging rights to other banks and future cutomers. This stuff is nothing new and just day to day business. What is troubling is the cost of this stuff, and what will the company do with the money?
Simply post a link to this earth shattering story...
Sale lease backs are all about raising money. It expensive means of raising money for companies who are asset rich and cash poor. It is just another form of debt. This fidiot has sold almost all of VZs assets. He did similar deal on the towers. This company is in need of some serious adult supervision, as they are engaged in way too much financial engineering.
MSNBC just confirmed Saudi based company, and all american based workers to be let go.
Lowell better start looking for another free hand out. It's about to end at vz
STOP with all this Bulls--t, It's never going to happen. Troll posters pipe dreams
Just heard Lowell about to be gutted
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Same. Foreign buyer to break it apart. Union filks updating resumes
Just heard on fox news....union folks will be gutted like pigs.