Are they still sending people to Dallas pre-Plano campus?
Was the employee appreciate week cookie meant to soften the blow?
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Apollo (APO) & their insurance subsidiary Athene are big private credit players that are under liquidity pressure due to a market perception of increased credit risk resulting in a sharp decline in APO share price. This is important because AT&T off loaded some of their pension liabilities to Athene.
You could be at risk-PAY ATTENTION!!
Under the group annuity contracts, Athene made an irrevocable commitment and became solely responsible for paying the pension benefits of each transferred participant beginning with their August 2023 pension payments. The transaction did not change the amount of pension benefits payable.
The transaction covered approximately 96,000 AT&T participants and beneficiaries, and was funded directly by assets of the pension trust — requiring no cash or asset contributions by AT&T.
Follow the cookie crumb trail to Dallas.
Any non-craft management reloing to anyplace other than Dallas is at best temporary. We’ve already lost people who refused to move, and the positions are either not backfilled or are backfilled in Dallas only.
Cookie and trail mix
I know some went to Austin & Arlington Heights. Not sure beyond that.