I really wonder if Stank and the rest of the C Suite crew are as incompetent as they seem, or has the AT&T business model become obsolete, with an unfavorable legacy cost structure, and a market that no longer values our products, at least at the prices we have to charge for them to cover our costs and make a decent profit?
15 replies (most recent on top)
Stankey has grated retention bonuses payable next year; $500k for every VP and $1m for every officer. RTO is a means to soy for this and other blunders. This is not about efficiency. Right size the company by taking away Stankey’s blank checks and justify ridiculous spending.
T's leadership, and board of directors that oversees them, made many terrible decisions over many years. Now the company is suffering because of that. The financial analysts are saying to hold the stock, but not to buy more. If you want to wait forever, stay with it. Otherwise, bail.
Stankey is moving too slow. Time to get rid of unneeded workers. Right size the company.
"Only if it weren't for all these pesky employees not willing to work 60 hours a week to chase his latest vision."
I got a solid 30 minutes of work in today, so poor megalomaniac's gonna be crying in his milkshake.
- 2% of new Fiber subs are customers with locations that are not eligible for fiber OR copper from another ISP. Business performs exceptionally worse than consumer and brings the average down.
This metric has only increased with the rising popularity of 5G internet from T-Mo and V. Facts.
Disagree last post, Union base pay for most is in the middle class range for skilled positions, it only goes to the upper end of that salary range with a lot of overtime. That’s from forced overtime and because the company is allowing head count to wither from attrition and layoffs. Cheaper to pay OT than bring on more employees. They earn their pay, if you don’t think so then try working outside for a month or in an inside stressful, metric driven job, it will open your eyes.
The company already contracts out all the “unskilled work” for fiber, copper work. Only stock investors and upper management want to see workers paid unlivable wages, thus offshoring.
The post is correct on top heavy management though, that’s where the real cost savings can be realized. Flatten the multiple layers of upper management and reduce executive pay packages and perks. Financial and news have been reporting about this for decades. Instead upper management is going after middle and lower management with their layoff, RTO and relocation plan.
"Leadership" is clueless at best, most likely negligent. The business model is not cost effective because top heavy management and bloated union pay - fiber can be contracted out for much less and it requires much less skill than copper. The number of competitive providers in markets grow each day and their cost structure is destroying at&t. And go ahead and dislike this comment or cry or whatever tf you gotta do but it's true and you know it.
There are no LEADERS at AT&T. They are all highly paid managers, who consistently make bad decisions and blame the world for it, the stocks, the economy, the stock market, covid etc. Now they are at it blaming senior workforce.
To both your questions, the answer is YES!
T and VZ (for that matter) don't do a great job differentiating themselves from the MVNOs (Mint, etc) and their offers in advertising. Customers see us as all the same and T at a higher price point. T's advertising has been really poor for years.
You wonder? Are you regarded with a T instead of a g?
We are failing because of our debt.
The debt is a result of failed mergers and acquisitions. It has absolutely nothing to do with the companies core products because we are essentially a monopoly for god sakes.
Who can financially destroy a company responsible for connecting every human on the planet?
It’s a god damn embarrassment.
It's an ego trip. Rather than running a solid data transmission company these CEO's feel the need to get their names on things and have a huge legacy and are willing to gamble to get there. It is easy with other people's money as always. Whitacre wanted the name AT&T which is useless(Comcast to Xfinity, Charter to Spectrum, BTE/Bell Atlantic to Verizon....take a hint SBC Droids). Randall and John wanted media conglomerate big flashy lights of Hollywood. John is now attempting to shed the TMobile, DTV, and Warner disasters over to Randall and he is the savior and will resurrect ATT. Only if it weren't for all these pesky employees not willing to work 60 hours a week to chase his latest vision.
John Stankey has a latest legacy chasing vision and we are all scoundrels for not wanting to try and kick Lucy's football again as this time it's different.
Growing mobility and fiber subscribers. The market does value our products.
A bird in hand is better than a bird in the pocket.
There is a more sense in a bird song as in this post.