Remember the $20Bn buybacks?

The stock buyback plan seems to be working in reverse. Instead of creating shareholder value or paying down debt, billions have been poured into buybacks with nothing to show for it. The stock is sliding, the debt remains sky-high, and the company continues to cut jobs and force 5-day RTO as if that’s the solution.

It’s the same story we’ve seen time and again — billions wasted on DirecTV, Time Warner, Mexico, and now buybacks that do the exact opposite of what they were supposed to. Employees are the ones who pay the price while leadership keeps pretending this is all part of a “long-term strategy.”

How many more bad bets do we have to live through before someone is held accountable?

#Debt #Layoffs #RTO #Accountability

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"With each paycheck, employees are the ones getting paid."

I think you meant "played".

Just imagine how much lower it would be if they weren’t doing the buybacks. Thats the real elephant in the room.

Did you really think John Stankey knew what he was doing?

He literally just flushed another 20bn down the toilet. Meanwhile he’s telling us we don’t have enough Free cash flow for bonuses.

What a POS!

@aw yes, at a fraction of what the c suite makes for making these terrible decisions… wake up!

With each paycheck, employees are the ones getting paid.

I just saw the word "debt" and wet my pants.

@a8 Borrowing money at 6.5% to avoid paying a 4.5% dividend sounds like a #winning business strategy. Also, if ducking a 4.5% obligation represents your company's best return on capital option, your business has already failed. Or maybe, just maybe, our executives are borrowing money to pump up their own stock-price-dependent bonuses? I am glad that is backfiring on them.

Basically $20billiom will buy roughly 800 million shares. Now we are at 6.3 billion shares. Still a few billion more than Verizon and not even close to TMobile. It would cost T another $60 billion to get our outstanding shares to the level of VZ. This is all because of the stock used to make purchases that didn’t pan out for T.
Time for new leadership.

@OP Buybacks lower our dividend obligation but it's only at 4.5% at this point. Seems like we should have been buying back stock when it was $17 a share. Always crazy to me that we buy back stock high.

when Jim Cramer is the first to congratulate a company on its buyback decision, that usually means the company just sc--wed up

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Remember the $20Bn buybacks?

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