Dallas, JR Ewing, Enron, AT&T. Texas shame
9 replies (most recent on top)
They should give the money back.
"Concerns over AT&T’s executive bonuses came to a head at the company’s annual meeting in April when a majority of shareholders voted against the company’s remuneration report."
Sadly, doesnt mean anything. Shareholders narrowly voted against the executive compensation proposal by 51% to 49%, but this was an advisory vote and the board doesn't have to listen. Not that they listen to anything, anyways. They stated as much on the preliminary results announcement on 4/30.
The problem is, most of the shares are owned by the same bozos in charge destroying this place.
Stankey and Stephens each received $2m for pushing the deal. The attorney (forgot his name) who closed the deal for ATT got $5m. And now Stankey claims we need to go in a different direction. WTF is this all about!
Guess what! They’re gonna get another $9 million to unwind this dog!! Not to mention the amount is skimmed off and not reported.
Anyone know how much $ the Board of Misdirectors paid Ratty for the failed TMOB deal?
F*cking crooks...
Bunch of crooks, anyone who profits from these misadventures , especially those responsible for them, need to be locked up.
Concerns over AT&T’s executive bonuses came to a head at the company’s annual meeting in April when a majority of shareholders voted against the company’s remuneration report.
“AT&T for a long time has had over-the-top compensation,” said David Yermack, a professor at the New York University Stern School of Business. “It is surprising that it took shareholders this long to get upset.”
It stinks, smells like Enron and Worldcom.