How long can the board justify keeping him around? 2019 has to be his year of karma.
In May 2007 T stock was around 41. After a decade of his leadership its struggling to hit 30. A whole quarter of shareholder value evaporated.
In 2011 he wanted to buy T-mobile for $39B. It was blocked but lost T $4B in the process.
In 2015 he wanted DIRECTV for $49B and paid closer to $70B including debt.
In 2017 he wanted TimeWarner for $85B and paid closer to $109B including debt.
He has made over $20M a year for most of his tenure. Oh he was docked $2M for the $4B DTV debacle. I bet that hurt. Cant wait to hear how much he made in 2018.
The direction is unsustainable and company is faltering under his guidance. Is this the straw to break the camel's back?