Broadband provider

[George Toft]

Hmm...

CEO gets $4 million severence (Bob Allen at AT&T) for upsetting
the Board of Directors.

Joe FTE gets 4 months severence and $205/week for 12 weeks 
(friend at Amex) for upsetting his manager.

Who's the idiot again? :)

George


Digital Wokan wrote:
> 
> I wouldn't hold my breath.  I think businesses will continue to do
> really stupid things for as long as CEO's get stupidly large bonuses
> when they get kicked out for their overly stupid decisions.  Companies
> shouldn't have to pay management to go the hell away and not darken
> their door.  Let them collect the $205/week unemployment like the rest
> of us.  (Adjust for whatever state the idiot lives in.)
> 
> John Kloian wrote:
> >
> > I firmly believe in deregulation, but the boom in the CLEC market and
> > their practices seem to have been a death sentence.  Its really funny,
> > take a voice T-1 for example.  Qwest is forced by the federal tariffs and
> > the Arizona Corporation commission to sell it at a certain price, however
> > MCI and AT&T or any other CLEC can sell it for upto 35% less than the
> > ILEC and they do all the time.  Now granted the CLEC losses money on every
> > deal, but they figured they get vertical sales from the customer.  this
> > has been going on for some time.  Plus the CLEC's by billions of dollar of
> > service from each other.  this looks good on the books, but the minute one
> > decalres bankruptcy everyone suffers as a result.  this is what we are
> > seeing happen right now.  When Global Crossing declared bankruptcy they
> > force XO to right off 7.35 billion on their books, obviously that hurt and
> > is one of the reasons XO is about to file chapter 11.
> >
> > In the end this shakedown will probably be a good thing, but we'll more
> > than likely be stuck with one ILEC until some new players pop up.
> > Hopefully the business practices will change slightly.
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