Thread regarding Altice USA (Cablevision) layoffs

Altice’s humbled boss faces battle to restore investor confidence

https://www.google.com/amp/s/amp.ft.com/content/38d37988-cae3-11e7-aa33-c63fdc9b8c6c

Looks like drahi gets a taste of his own medicine. Amazing when you pay people as little as possible it finally comes back to bite you...

"Patrick Drahi cut an unusually humble figure as he faced investors on an emergency tour of Europe last week, just days after he was forced to reinstate himself as chairman of ailing cable group Altice.

“He was pretty beaten down,” says one Altice shareholder who met with Mr Drahi. “The guy has just lost billions, it’s mind-boggling. You’re seeing a chastened guy who has been dragged through the mud.”

Shares in Altice have almost halved in the past few weeks, cutting the Moroccan-born billionaire’s personal wealth by billions of euros, after poor third-quarter results were compounded by worries over its high levels of debt."

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| 1801 views | | 8 replies (last December 3, 2017) | Reply
Post ID: @OP+Qlt5zxZ

8 replies (most recent on top)

F@#$CK DEXTER....THEY SEEN HIS RAP SHEET AND STILL LET HIM BUY THE COMPANY....LAYOFF THOUSANDS OR OFFER A PACKAGE TO GET MONEY BACK....NOW LOOK AT YOU NOW F@#2ckboy...god dont like ugly believe that.....

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Post ID: @dvmd+Qlt5zxZ

Waaaaah....Somebody call him a wambulance. Hope he goes broke & runs the company into the ground & sells us.

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Post ID: @1bpa+Qlt5zxZ

Youmadbro?

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Post ID: @1bxr+Qlt5zxZ

"Has the richest man in Israel been dethroned?

Franco-Israeli billionaire Patrick Drahi may no longer be the richest man in Israel following the plummeting of his company’s stock price.

After telecom giant Altice NV, which owns HOT cable, posted dismal third-quarter earnings earlier this month, shares in the company have fallen by almost half.

This has left its billionaire founder, Israeli-French businessman Patrick Drahi, with his fortune cut in half – currently estimated by Forbes to be worth $5.9 billion, compared to the $13b. they estimated in March. Eyal Ofer, the inheritor of a shipping empire, is now likely the wealthiest Israeli, with personal wealth estimated at $9.2b., according to Globes."

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Post ID: @oee+Qlt5zxZ

What Altice did here in the States in such a short time He deserves more than just to be Humbled !!! Ruined a once great company both for workers and customers ..

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Post ID: @aem+Qlt5zxZ

S---s for him. Lolz

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Post ID: @zes+Qlt5zxZ

Look at his employees we are what's dragged threw the mud and spit out L.I, And all areas

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Post ID: @yjg+Qlt5zxZ

Waaaaaahhhhhhhhhhhhh

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Post ID: @gfo+Qlt5zxZ

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