[quote=bubba99]I would like to bring to the discussion the recent AT&T F/U that will cost those of us foolish enough to still own ATT stock 4 Billion $$$. Randall Stephenson will continue as CEO in spite of the really bad decision to guarantee T-Mobile a 4 Billion Dollar non-completion fee if they could not get regulatory approval. Randall and the board will continue as part of the .1%, while ATT employees who lost the wrong client are toast.
Corzine who stole 1.2 Billion will remain in relative comfort, while common thieves are in jail for life.
OWS is fueled by the complete lack of accountability of the .1%, while the 99% go to jail for the smallest transgression. Like the royalty that came before them, the .1% actually believe they are worthy and divine, and deserve all they get no matter how bad their decision process – no matter who is put out of work or how much is stolen(Corzine).
OWS will continue to grow until either all the possible police power is brought to crush it, or the revolution actually takes hold, and democracy is taken back.[/quote]
1) Were you forced to own ATT stock?
2) I don’t recall ATT getting a government bailout…
You do realize the $4billion breakup fee includes assets (for example wireless spectrum).
I don’t think there was anything wrong… ATT made a decision to try to acquire t-mobile. These transactions always have a breakup fee. Government stepped in and says (is saying no) because of monopoly concerns…
(In this case, I would think that ATT + TMobile would result in higher consumer prices…It would definitely drive down vendor costs to since there would be less competition there too)…But nevertheless, last time I checked, ATT is still profitable.Why should this be a OWS protest again? If people don’t like ATT’s business decisions and think they are ripping off consumers, don’t use ATT. It’s that simple….
a) Don’t use their residential landline service. You can get voip such as ooma like I do.
b) Don’t use their cell service. You can use att, tmobile, verizon, sprint, or the really small players too
c) Don’t use att uverse…You can go to your cable or satellite dish.
The problem with OWS is most people don’t know WTF they are protesting against…Just something that has a big financial dollar….I don’t see any fundamental difference between tea-baggers and ows folks frankly…
BTW: ATT giving 4billion to tmobile is going to do nothing more than prop up tmobile. The companies that are really going to be hurting are sprint,cricket,and other small players…Because tmobile never really competed directly with Verizon and ATT. Tmobile was always a lower cost alternative that competes with sprint, cricket,etc….If they gain 4billion, they would come out much stronger…
