Is the scumiest thing I can think of. It’s one thing do it when you go bankrupt (which is on the way) but to do it from day one, back when we were actually making money just to fudge numbers on an earning report AS A BUSINESS STRATEGY is just wrong. KARMA IS A B-TCH, can’t thik of a better way to guarantee talent will avoid your company, employees will be miserable, execution to be poor, customer service to be dismal, and churn to be high. The ghosts of all the hard working people and their families that you screwed are coming back to haunt us. The only thing they succeeded at has been to make WS one of the top 20 most shorted stocks on Wall Street. Let’s hope this makes it onto all of our executives corporate bios
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I know - I love when people try to pull that cr@p. The buck stops at the ceo- being responsible for the success or failure of a company is their Job. Wow if ceos aren’t responsible who the heck is? And dead right on the timing of the stick going over the cliff within 60 days of tony at the helm. We aren’t talking an ebb and flow here and there, it’s been in free fall under his direction. CEOs screw the company into a deep hole and then the board is faced with firing them (which sends the message the company is in trouble and stock plummeting ) or deciding to keep them on knowing they s--- but that keeping them while they ruin the company is a slower process than firing them. Then if that is what road they take, now get this, they have to pay them MORE to stay.
"You can’t really blame current C-Level for the current health of the company"
Sure you can, look at how far down the stock has fallen. The previous CEO never had the stock crash this low and continue to go lower, setting new records for lowest price each day - he actually kept it at a decent price, not approaching a delisting in the near future like TT.
"Tony inherited the majority if this debt burden even though he gets 100% of the blame"
Just check the stock levels after he took over. Says it all.
"Layoffs are a nature of the beast in a competitive industry with low single digit growth objectives"
By letting such talented employees go, you have given them hope and confidence again in their working careers, something they never could achieve while working at WE. They are all better off in their new careers, learning from the mistakes that the sinking WE is still making.
All this happened on TT's watch as CEO. He should get demoted to the janitorial service, but even then he would clog those toilets up as well.
https://www.fool.com/investing/2018/07/16/why-windstream-holdings-stock-fell-43-in-the-first.aspx?source=djc&utm_campaign=article&utm_medium=feed&utm_source=djc
Haha “growth” to c-levels doesn’t mean the same as it does to employees. If they can bring the stock value to close to nothing through failure and mismanagement, then they can sell the prospect of future growth because things can’t any lower, only problem is they can and will go lower, the money now is on shorting the company, not investing in it.
And they can’t hire anyone good because of their reputation of screwing their employees. They will promise investors they are now selling whatever buzz word is out there(next week they will be an in-app fortnite dance move product company) but without being able to attract good people and investors on to them, they are getting what is coming to them..
want to know how a company is not a growth company? When they have to tell you they are a growth company. Just look at the numbers of you want to know what they are
Haha I know right? Their core competency is selling POTs lines to old people, what can go wrong?
Sounds like TT told marketing or HR to monitor this board, and spread the same BS they spread on stream.
Let’s be clear- from day one and continuing to today, executives have acquired subs not from hard work, organic growth or developing a good product or service bit from leverage stock value based in investor belief in the company.
No effort was made to keep those comapanies customers once acquired.
A promise was made to investors that we would lay-off employees to save money due to “synergies”
Investors were lied to about how well we were executing on integration and problems with churning customers.
Employees could not be let go as planned because of said integration, customer service, and churn issues.
This snowballed into insanely long periods of time took to install and Bill customers.
Then desperate to make expectations before each quarterly report, smart and hardworking employees were let go knowing the company would get worse without them. This became our death sentence and yet we kept repeating it. Growth company my a$$. It’s a smoke and mirrors lay-off machine designed to use the prospect of firing people to trick investors
Attitude, you are full of crap. Tony was the person that sold the fiber assets and buildings thus leaving WIN to be a services only company.
Your sentiment stinks of upper management brown nosing.
You can’t really blame current C-Level for the current health of the company. You were praising that Windstream split off the assets and survived the for 3+ more years while being laden in debt.
Tony inherited the majority if this debt burden even though he gets 100% of the blame. I’m not sure anyone else could have done much better than the current situation. It’s a tough industry and Windstream doesn’t have the scale to compete as a CLEC in NFL cities.
I believe Windstream will win the lawsuit and continue operations for years to come.
Layoffs are a nature of the beast in a competitive industry with low single digit growth objectives.
Windstreamers! Be thankful for the job you have and make the best if it. It’s mostly attitude!
Lmao no I made a rule to send everything to trash.
You probably replied all too
I just realized I replied to the wrong thread. Whoops.
Yea it’s going to get lower. The second derivative of the expected value of the stock price is negative sooo it’s going to start decreasing more rapidly as well.
I have no idea how Windstream is a Fortune 500 company... lots of fake news being falsely spread around on how great things are but just talk to any WORKING employee... ( non management) or EX employee... ( management or worker bee ) or customer and the truth will be told.
They are Scumbags
And the 401K is the company stock (unless you change it and usually it’s after its lost money). I thought that was ILLEGAL!?