The Chairman rides off into the sunset with hundreds of millions in his pocket and perks worth millions!
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" ... this is NOT the real AT&T. This is SBC which bought the name badge of ATT."
THANK YOU for reminding everyone. The real AT&T was very different and should not be blamed for what we have today.
@iod, this is NOT capitalism. This is nepotism. AT&T has more in common with a mafia crime family than a competitively run business in a capitalist economy.
This has NOTHING to do with capitalism. "T" is under the rule of a bunch of incompetents, corrupt, and crooks.
One thing you need to realize: this is NOT the real AT&T. This is SBC which bought the name badge of ATT.
The best thing an employee can do, while ones have a job, is to look for another job. Outside.
Take the money and run.
As long as the shareowners are happy, everyone is happy.
The CFO will be the next one to exit in March! They all made fortunes while piling up the company with debt and failed strategies!!
The important thing is, Randy is gone. He is a slow leak of finacial capital with his retirement benifits, but is no longer the fire hose of finacial disaster that his "leadership" gave us. Oh, by the way, we will be commenting on such similar things when Stankey is ousted.
Yes, Capitalism makes the most sense, but rewarding Ratty and Stinky's and the Board of Misdirectors gross mismanagement and incompetence requires a claw back!
Suggestion. Get over it! Focus on yourself and those things you can control.
And capitalism still makes the most sense!