ATT EXECUTIVES in 2012?: LETS BUY A MOBILE COMPANY WITH A MULTIBILLION DOLLAR FAILURE EXPENSE IF IT DOESNT GO THRU, CANT GO TI-S UP!
ATT EXECUTIVES LIKE a year later; let’s buy a satellite provider! People aren’t cutting cords! That’s crazy! Can’t go ti-s up! Satellite is totally not already dead bro.
ATT EXECUTIVES LIKE ANOTHER YEAR LATER: ooo weeee that hurt, but maybe if we ALSO buy a media company we can make it profitable!
ATT EXECUTIVES LIKE ANOTHER YEAR LATER: Haha enter the streaming wars we will. HBO is a knockout brand, can’t go ti-s up! We’ll launch a subpar app as soon as possible and hopefully it will just ??? Automatically ki-l the existing absolute juggernauts in that space ???. Also this is the best possible synergy with all those uhhh brilliant acquisitions we made!
ATT EXECUTIVES LIKE ANOTHER YEAR LATER: John Stankey says he met with David Z of Discover Media at his meeting mansion ( I am not fu----g kidding, John Fu----g Stankey has an entire mega house he doesn’t live in just to entertain other executives) and has a really cool idea: we can spin-off WB AND directv to a side company AND sell it at a MASSIVE LOSS to a his David guy? CANT GO TI-S UP!
ATT EXECUTIVES IN 2023: oh my god! Why are we so poor! What’s with this debt? Employee heads must roll! We’re spending too much ** checks notes ** running our core business?????? BETTER FU----G COLOCATE SO WE CAN BETTER COLLABORATE AS AN INTERNET COMPANY!
Literally a high school student who knows what index funds are AND has an idea of how to play interest rates could run a business better. While these clowns no no, clowns are intelligent artists….
While these executurds where borrowing money at adjustable market rates to set on fire??? To achieve I GUESS THE GUINNESS WORLD RECORD FOR BIGGEST RED NUMBER IN WALL STREET HISTORY Other companies were using near/zero fixed interest vehicles to do things like: stock buybacks and debt consolidation.
A decade of suffering absolutely no fu----g consequences for PURELY TOP DOWN DECIAIONA THAT WERE ALL bad moves. In fact, they were rewarded for them.
AND THEY KNEW THESE WERE BAD NEWS. NOBODY IN THE MARKET was like “ooohh directv has untapped value”
If you knew anybody who thought that? You have bad acquaintances and should find a new friend network. If your business is run by people who thought that, ever, your business team should be “better at their jobs, probably” ~ John Stanky 2023
AT&T’s CSUITE is a masterclass in failing up.