Things still aren't rosy, best bet still is to clean house of all the worthless executives and bring in people with fresh ideas.
https://seekingalpha.com/article/4223189-windstream-good-signs-enough
6 replies (most recent on top)
His agreement ends at the end of 2019. If they get rid of him before then Windstream owes him:
(i) his annual base salary through the date of termination and any other vested benefits, in each case to the extent not previously paid, and (ii) three times his annual base salary.
You can’t just buy it out. If they get rid of him they have to pay him I think 1.5 times him contract plus 3 years of health care, etc. You can see his details in the 10k filing and then will understand why it is cheaper to keep him for now
I am not a wall street analyst so could someone explain why it is cheaper to keep TT than to buy out his contract? How does he get bonuses when the stock is so low and the company is doing so poorly?
My best bet was to leave. I hated that place. No raises. Ignorant management. No help from HR.
I get the day after thanksgiving off. They took that too.
Best bet is to get your resume out there
It will be a penny stock the way it is going....and yeah - 'clean house' would still be the way to go....
They aren't going to "clean house" so everyone can stop saying it. The board APPARENTLY loves TT or he's simply too expensive to get rid of. He's here until the ship sinks.