I remember back in 1999 under “Big Ed” the stock price was around $50 as a telephone company and wireless carrier. His two successors have dragged the stock price to just under $17 and essentially the company is worse off and under a mountain of debt!!
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Was this price before or after the stock splits?
If you value all your hard work and what you have in your pension, GET OUT NOW! You have been warned?
I personally know of a few people that didn't leave last year and lost over $300K (with over 30 years in the company) of their pension due to the segment rate increase! It baffles my mind that they took that risk and now they can potentially lose a lot more on top of that if the insurance company goes under.
I left last year and kept my pension in tact and rolled it over. I was doubting my decision (for about 5 minutes) but now I'm so thankful I listened to my financial advisors.
The pensions sold to the insurance companies are not guaranteed by the PBGC.
Let us see this again. The above is true. If you don't know what that means, then you need to educate yourself real fast. Your retirement depends on it.
“Ameritech was $65 a share before the SBC debacle.“ the only one to blame for that is Ameritech. They failed to deliver per the acquisition requirements.
Ameritech was $65 a share before the SBC debacle.
Every CEO wants a legacy, I hope the reviews in grad schools use this as his legacy. Bankruptcy in -- years after being paid $20 million a year.
If pension don't have PBGC coverage, we should get more. I bet the over $2,200 payments to the C-suite are still at Fidelity. (no facts, just 20 years of experience).
Retirees lost again, new employees take warning.
When market was growing, AT&T took advantage. Facing a recession, employees take all the risk. Insurance companies have gone broke. John Oliver did a segment on retirement plans and companies selling plan to a company that pays their employees and then goes broke.
The pensions sold to the insurance companies are not guaranteed by the PBGC.
The downfall started the the T-mobile disaster and the failure to put restrictions on Stephenson. From Xander to Time Warner every venture was a costly fiasco!!!
There is little to no hope of this company surviving beyond 2025. Stankey keeps trying to pull rabbits out of his hat to keep the lights on. He has shifted a portion of retirement obligations to an insurance company. He will eventually shift the balance of the retirement obligations to this insurance company. There is nothing left of this once great enterprise. Most everything has been or will be sold off for peanuts.