Watch how a company makes money. If they're healthy, they invest, they grow, they expand. Profits come from doing more. If they're sick, they cut. They restructure, they lay off, they squeeze. Profits come from doing less with fewer people. That tells you everything about where AT&T really stands.
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@hf The chairman of the board, which is the role that Stankey holds on the BOD, doesn't vote. It's the duality of that role that could become problematic which is why the role is a facilitator on the board only.
100%
“ The CEO, whether it's Stankey, Stephenson or Whitacre, is an easy target, but the focus should be on the BOD. Keep h$ting on the. CEO, that's what they're counting on“
Sounds like someone that likes to lecture is not even aware that Stank is Chairman of said BOD. In addition to being CEO.
Having corporate strategy oriented discussions on this forum is simply laughable.
Why aren't you running a company?
@a6 the “living dead” indeed.
T is boring but still maintaining cash flow for the shareholders. They dont care if its not growing, nor innovating, all it cares is it sp-t money and they all get paid. Stankey thinks hes the next Steve Jobs, but hes just a tired utility salesman.
“The difference between healthy and sick”
It gets confusing.
When I use a sick day I am in fact healthy.
When I am sick, I’m in the office. Why waste a day off.
As long as T has large state/federal contracts, it will never go out of business. You can hope and wish all you want for their demise, however it’s not going to happen.
Not dead yet. Still paying my salary. Still paying the dividend.
What the CEO and Board have done to this once great company, it isn’t just sick, it is on life support. They are milking it for their own gain, once they have maxed out their money grab, they will pull the plug.
Yes, Marissa Mayer was indeed the former Yahoo CEO whose mandate that all employees work in the office (I think around 2013) and eliminate working from home, was so deeply unpopular it drew the ire from other CEOs at the time. She also famously revealed that she only took 2 weeks off after giving birth. Needless to say, her bravado did not go over well with women or men.
When Verizon acquired Yahoo, she walked away with a tidy severance of $23 million.
Fascinating but not surprising that she does sit on ATT's board. It's obvious that her opinions about WFH carried a lot of weight when she took her seat. Don't tell me she hasn't influenced policy on RTO.
The CEO is doing exactly what ATT's Board of Directors approve, agree. It's not hard to look at who sits on the board and who holds significant stock to figure out why the company (actually any company) makes certain decisions. Blackrock is a major stockholder and known for their aggressive and ruthless strategies. Then there's Marissa Mayer, she's the former Yahoo CEO whose philosophy of managing people was so archaic and ruthless, she was forced out. Just consider the history of the backgrounds of the shareholders and individuals who have been instrumental in driving decisions made by ATT over the past 25 years. They've sanctioned high risk mergers/acquisitions and developed a 'culture' of cruel practices that always negatively impact employees.
The CEO, whether it's Stankey, Stephenson or Whitacre, is an easy target, but the focus should be on the BOD. Keep h$ting on the. CEO, that's what they're counting on.
@b0 Nope. I'll continue to waste time and resources while collecting full paychecks, and if it makes you all cranky - that's an added benefit.
"then you need to leave immediately."
Nah -- I am riding this one out until they either pay me to leave or it dies under its own weight.
@a6
If it's what you say, 'it's dead', then you need to leave immediately. Not tomorrow or next month but today. The company doesn't need you.
That is because Stank turned this company into a commodity broker. Evntually, all commodities have to compete on is price, which means price wars.
This is a zombie company. It’s beyond sick. It’s dead.