So now CEO is announcing more acquisitions before the ink on the Time Warner deal is even dry. I guess the tax break really did come in handy. Not for us, but for AT&T certainly.
I feel sorry for both us and the people working at companies being eyed by AT&T right now.
Why not buy Netflix?
The tax plan only benefited corporations. There are stats all over the place that are saying employees have gotten an average of $10-$20 more per pay period. Thats hardly worth writing home about. When you take into account the average salary increase in the US was 2.5% agains a annual 2.6% cost of living means your actually making less money. Its simple math.
TO THE TIDE OF CHANGE COMMENT, AT&T just spent $85 billion acquiring Time Warner. It also spent $49 billion on DIRECTV in 2015. While it mostly used stock for those purchases, the company's balance sheet is looking worse and worse. It now has $163 billion in debt plus the $22 billion in debt it just acquired from Time Warner. While producing original television content and marketing a streaming service don't cost as much as building a wireless network, every little bit adds up for AT&T. Investors should keep an eye on its debt levels, and ensure the company is generating increased cash flow to cover its increasing debt load, history tend to remind us that this won't happen, therefore the declared synergies will come for American jobs, and offshoring. The joke is on you America
Not true, union rates are minimums, the company can pay more than the minimum if it wants to.
So you want to say that the tax breaks aren't helping. But you probably work under a title that is 'represented' by a crappy union. And the union negotiates your rate of pay. It doesn't matter what tax break the company may get. The union is in charge of what the pay rate is.
And don't forget to look at your 'net' pay. If it is more than it was a few months ago, that is where YOUR tax break is showing.
Quit your bellaching, get with the times. T is trying to stem the tide of change but it wont be able to do that. what do you suggest they do to stop the bleeding? Wireless net adds down, loosing video customers. what is your brilliant idea to stop that?
What company is Randall looking at now?
Welcome to corporate America, and USELESS government, in T's case a single person and old and unsophisticated tech judge, sealed the faith if millions of workers. The only certainty is that the consolidated company will have LESS workers