Thread regarding AT&T layoffs

THis stock needs new management

Even if you think Stankey is okay, and I don't know why anyone would, it doesn't matter because 80% of investors want 'outside' leadership change similar to what happened with GE's turnaround. Which took years. So let's assume that many investors believe as I do, concerning leadership change. A new CEO, one from outside the company won't be beholden to old AT&T ways. He, or she, will want to 'clear the decks' and all problems as fast as possible. They are 90% likely to cut the dividend.
So if you want outside leadership, and one can assume they will clear the decks, why would you buy here? (knowing it should trade lower on expected cut)
The alternate scenario, which I don't believe will happen, is the AT&T board finally saying enough is enough and jettisoning Stankey. If they don't they just invite more investment vultures to come push for change. I don't think T's board will do this and even if they did they'd probably just promote Pascal, or another insider which wouldn't fix the problem.
The government has one major problem though. If it wants to fine AT&T on the lead issue, it's going to force AT&T to cut more jobs to stay afloat. And if it does that, old cables will be removed more slowly. I don't see another way out short of letting AT&T impose 'lead remediation' fees on consumer bills. Doing that of course makes AT&T less price competitive with others, and the bigger issue is, legally speaking, I don't think AT&T can pass those costs on to anyone not paying for copper plant usage. They certainly can't pass that cost onto wireless consumers and maybe not fiber internet buyers. Because there's no connection and consumers of those products could just sue in small claims court.
One thing most people may not realize is the government has an impossible job of assigning who owes what. AT&T and Verizon sold off a lot of copper plant years ago. I think to frontier, lumen and others. Since that's the cable that would be polluting water, the buyers would need to be allocated their share, so T and VZ don't shoulder the entire burden, and there's no way the government can accurately assign who owes what.

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