Why does T have the same leadership today as two years ago. The leadership at T has tanked the the stock price and they are going to drastically reduce the dividend. As a long term T holder, John does not seem to have any vision other than saying "Our best days are ahead of us"
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Moving away from media is a smart play for T, Netflix lost 30% of its value yesterday, the business model for content distribution is changing and the overall product is diluted with too many players, so it makes sense to sell, that said our timing is just d-mb luck-we should have never been in this space, and of course in true T-fashion we sold at a loss-thought expect our tax-lawyer/accountants will spin this to the positive
Randall saw the decline coming and tried to do something about it. Rest of us moaned and groaned, then complained after the fact.
Listen to Randall when he said we would be managing decline if we didn’t get into the media business.
"listen to Randall" thats not something you see often on this site.
Was he right when he basically said we didn't want to be a bunch of 'd-mb pipe' owners merely transmitting others content, and highly regulated by the democrats who at the time looked to be implementing net neutrality.
Since then the pandemic has introduced a work from home phenomenon.
Everyone and their brother has a streaming video service.
It would seem that the ability to distribute data is quite important. Rather than merely a utility.
And thats just fiber. At nationwide you've got 5G where we've yet to see what happens with that.
i'm not saying nothing is wrong. Or that we have the right leaders or the right strategy.
You're right to point out the inconsistent strategy.
but i think there are valid reasons to change direction.
Listen to Randall when he said we would be managing decline if we didn’t get into the media business. JS can hype it up all he wants but the numbers don’t lie. You will start to see the revenue decrease, layoffs, poor response from analyst, stagnant or declining stock price. But all the while the c-suite is I’ll convince some of you the company is heading in the right direction.
But why does the c-suite care, they have the golden parachute. What will you get when they kick you to the curb, a pittance of a severance check.
T-Mobile, DTV and Time Warner along with $180 Billion in debt and a $4 billions penalty. That’s what failed leadership does!!!
The only 2 people that made money on the Directv deal were randy and John.
it is the same leadership as 10 years ago they are milking the cow for as much as the can.
Elon would definite get rid of the fat and make the company more lean.
Somebodry posted the dividend has an attractive return!! RFLMAO!!!! Yes, the return would be even a higher percent of the price of the stock went down further! Dummy, you are losing the principal.... Maybe you would be really happy if the stock went down to $1 per share, then the dividend percentage would be really high!!! You must be one of the finance wizards Randall Stephenson consulted when trying to buy T-mobile, or Time Warner, or Direct TV... Three HUGE Record breaking losing deals. Biggest loses in corporate history!! Engineered by Chief Strategy officer at the time, John Stankey, now CEO! Does AT&T have a thinking board, or are they all geezers asleep at the switch!!!
Leadership will never change as there are too many family and friend connections.
If Musk purchased ATT, the first thing he'd do is eliminate the need for 90% of the field techs, that means those who post here would be out. His leadership/ownership style is far more radical and often unpredictable than any post or current T leadership. Fortunately for you, his interest does not lie with legacy businesses like ATT. Be careful what you wish for....
Does make one wonder what it would be now if the T-Mobile merger was not shot down by corrupt government.
There is no incentive for C suite to leave, where would they go? No other company would have them. They just close their eyes and ears and keep on keeping on.
The dividend has already been reduced but still a quite attractive return. 5.67 percent.
Elon wouldn’t touch T with a ten foot pole!
T hasn’t had vision since RS took over.
The only true vision was to remove competition by purchasing T-Mobile. Once that failed they had to do something to show investors they were growing the business. What they did was buy companies they had no idea how to run. And as they say, “the rest is history.”
We need Elon Musk to buy us!
You should rewatch Stanley’s holiday fireside chat for inspiration.