Windstream came into existence when the Ford's decided to cash out and sell Alltel. Wireline merged with Valor and became Windstream. Wireless assets went to private equity firm and eventually other wireless carriers. The first nail in the coffin was having JG, an accountant, head up as CEO. Once he was ousted around the same time frame when Windstream embarked on their now ruinous financial engineering scheme he was replaced with another accountant, TT. Maybe it would be beneficial to get a CEO that actually has cred in technology to lead the company out of their current mess!?!?
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No need to merge the CLECs, they are just going to shut down the TDM network in 3yrs(2022-23). Thats what I was told when I tried to start collapsing the network in my footprint. So just run all these central offices and lose hundreds of millions in the meantime.....its clear they never expected the company to survive and this was just a cash grab for the LR5. They kept buying CLECs for the customer base to keep their money train going for a few more years, Aurelius just cut that plan short when they called them out for their fraud. They moved all their assets to Uniti for stock in the company.....this is why Windstream wants to keep paying Uniti. Its the creditors that want those payments to stop.
How about a CEO with a degree in education that doesn’t teach that stayed in the accounting department that he had working where he started? That was one thing that stuck with me on a call where the introduced him after he became CEO. “Those who can’t do teach”, got to add those who can’t teach become CEO’s and take everything.
Sensitive to waste. That's why we only run generators once a month instead of every week.
"spreadsheet jockeys that give entirely too much credence to sales engineers and books written for yuppies about managing people"
- ...b....but...I made this pretty Tableau dashboard. Look how pretty it is! Don't worry about all of the errors in the SQL driving the data to it, just look at how pretty all of the colors are. It doesn't matter if the results ain't right, nobody is going to use it for anything anyway!
Accountants do not know how to merge CLECs and eliminate redundancies.
Most accountants are _very_ sensitive to waste, however, and keen to find any synergies available after a merger.
How come this didn't get fully done with the CLECs?
Was it just too hard, technically? Or did the CPAs at the top just not push it?
spreadsheet jockeys that give entirely too much credence to sales engineers and books written for yuppies about managing people. Metrics, sales engineers, and professional development aren't bad things in and of themselves but they really need to be tempered with experience and an understanding of a reality of the world you're trying to operate in and what tools you bring to the table.
Bad accountants make even worse executives. They tanked that company quickly & the Uniti spinoff was the nail in the coffin.
"ILEC will survive"
It has to it's a regulated utility for now until the government deems it's not needed. FCC states that we need the wireline business through 2030. After that better technologies will take over even in the rural markets.
"There is no turning it around and anyone that still believes that is foolish. Too many mistakes for far too long to recover from."
ILEC will survive.
There is no turning it around and anyone that still believes that is foolish. Too many mistakes for far too long to recover from. I honestly cannot believe there is still a single soul working here that actually believes a turnaround is possible.
Big Tex said he'll take the rings from Lil T and run it 6 feet under. The Colorado boys can be palbearers. It's obvious Windstream never had accounts that could count Apple's.
It’s always a bad sign when accountants and lawyers infiltrate upper management positions.