Bingo!!! My AT&T stock went from $80 to $12. At least they
didn't Enron on me.
George
Digital Wokan wrote:
>
> The shareholders it would seem. It's their money being flushed.
>
> George Toft wrote:
> >
> > 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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