People, understand Storey HATES the consumer business, its a boat anchor around his neck. He would sell it for a dollar if he could fond someone dumb enough to buy it it. Enterprise is all he cares about. He is gonna milk every last drop out of the consumer ftth/gpon/dreaded landline business.
So much what @TBPFOHi-kitp said. Once people realize this, it will be easier for everybody to see where exactly we are headed.
The financials like ctl cause ceo can be trusted to take care of shareholders. He is a good shareholder steward.
And right to hate the consumer business!
I dont know why people keep posting about Storey or Post... CTL is owned by the financials. They are nothing but a messenger for the banks that own 90% of the company, mainly for the fiber network. CTL is being reduced to a utility company with a global fiber network. Blame that on the Louisianna boys that wanted to retire as multi-millionaires at the expense of those that work under them. They will be in the history books... Will you?
The reductions are not over... we are going to continue to lose employees by the dozens each week around the company. 5 years from now this company will look and feel completely different from what it is today. Unfortunately the business model must change in order to survive. The industry continues to see and feel more pressure to evolve and adapt. Technology and the younger consumers are driving these pressures and changes. We either transform and change or die a fast. I don’t totally trust or agree with everything I’m seeing and hearing but we’re locked into survival mode now. I just wish it wasn’t so painful on so many of my co workers or their families. If there is a bright side to any of this is that they’re some pretty cool companies working on projects that are cutting edge 5G driven products. Smart homes, small cell and incredible WIFI interactive devices and concepts being developed. Most of these companies pay better and have incredible benefits. Where one door closes on a dinosaur another opens to a better and brighter future. I’m looking to exit this painful place soon... after 24 years. Good luck and best wishes.
Story hates people he wishes they could be replaced with automation