The sale of LUMN, same type of scenario as the Verizon sale of FiOS to the joker of a company Frontier. Congress is protecting these types of transactions where eventually thousands loose their jobs. The executives in America are for #1, them. The same execs who ran Verizon into the ground are now back. 10 billion, yahoo media, sold for 5 billion. These companies are ran badly. The execs have no idea how to run a phone company. The boards are littered with disgruntled employees. The execs are suspect at this time. Apollo will decimate the network, enriching the execs while 100's if not thousands loose their job. They don't give a damn about you. Frontier/FiOS was an illegal sham. SEC should have been notified by a whistleblower as the integration never existed. They lied to the SEC.
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Those joker execs did not start anything.......the hard working employees at D/FW Airport FNMC and Support are the ones who made it happen. Most have left, lost their jobs......went to the dead buffalo Frontier or have retired. It was not a good deal when Frontier came in and decimated the entire network that was stellar in the original form.
SPELL CHECK
it all started
Mudge and the rest of the clowns from VZ/FiOS.... are going to run the new spin off. Did they not save their millions. Greed. Many employees are going to feel the brunt of these slip shod transactions. The FCC/DOJ is inept to allow such travesty.
Same jokers screwed the employees at D/FW Airport where is all strated in 2004. I was in the original group. FIBER NETWORK MGMT CENTER/FNMC.
The new Apollo APO, +0.82% -backed company, which aims to accelerate the business’s shift from older copper lines to high-speed fiber-optic technology, will be led by Verizon Communications Inc. VZ, -0.14% veterans Bob Mudge, Chris Creager and Tom Maguire, who together built out Verizon’s fiber-based, Fios service.
Articulated very well and spot on! Greed is rampant in the corporate world! They set standards of performance that they don’t practice themselves! Story is a very greedy CEO and his performance is horrible! He knows it too and the only ones that get shafted are the employees! Keep that in mind when you receive that robust paycheck every 2 weeks and think about that!