Lumen sold To brightspped for ?
Sold mineral for ?
Sold boulder for?
Sold fleet garage for ?
Plus other buildings for ?
Where did all the monies go?
8 replies (most recent on top)
Don’t for get the millions that are STILL being paid to Bren Brown…. What is this some money laundering. What she is doing with $ and the company has to be illegal and should be investigated
"It's all Level3 debt and it's all Level3 nim-wits still running the place into the ground, just as they did the Level3 company."
1000% correct. Glen Post was a senile old man who made horrible decisions as head of CTL.
Not going into the mobile phone business - Fail
Getting out of colo and selling the datacenters - Fail
Believing we could compete with AWS in cloud - Fail
Starting a tv streaming business - Fail
Glen started the death spiral.
Level3 and Jeff Storey piled on more debt and bad decisions pushing us further down.
Kate is here to manage the exit strategy and put us to bed.
Post ID: @2zuy+1seTZZFp
It's all Level3 debt and it's all Level3 nim-wits still running the place into the ground, just as they did the Level3 company.
Debt… the Billions and Billions of debt.
Learn how to spell 🥺
Money and monies
The buildings are being sold to fund bonuses & parachutes for the senior management team. The area of buildings you're mentioning still has two garages left which don't share adjacent property to a central office. Those two will probably be put up for sale soon. Don't forget Storey sold the building next to Denver main as well just before he left.
Reading the writing on the wall is pretty easy. The 1.30 a share stock isn't going make the millions of underwater exercisable stock options "awarded sign on hiring bonuses for Kate & her savior team" anywhere between $5-8 when these clowns came in. That money will never be put back into anything that won't benefit positions 1-3 on all of our organization charts listed on Corporate Directory.
Word on the street is Fleet will be replaced soon by a large vendor. All the downtime & unresolved repeat repair issues is unacceptable
You forgot Dare To Lead! How much did KJ’s friend Brene Brown get?
Brightspeed went for around $7 billion which was used to pay down debt