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(Marketwatch)   AT&T Ex-CEO Randall Stephenson pooch screws his company and retires with a $274,000 a month pension for the rest of his life. You'd submit this with a better headline, but your AT&T internet service lost connection   (marketwatch.com) divider line
    More: Asinine, Pension, Total shareholder returns, total compensation, Time Warner, President, Randall Stephenson, Retirement, CNN  
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640 clicks; posted to Business » on 11 May 2020 at 3:48 PM (19 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



23 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-05-11 2:59:35 PM  
And, they're trying to end their pension program.  They just bought me out of mine last year.
 
2020-05-11 3:30:39 PM  
You tax-happy liberals could tax him at 90% and this poor man would have a mere $338,000 per year to sustain himself.
 
2020-05-11 3:49:28 PM  

Shostie: You tax-happy liberals could tax him at 90% and this poor man would have a mere $338,000 per year to sustain himself.


He could make it up quickly in any of those "minimum wage is too high" jobs.
 
2020-05-11 3:50:29 PM  
Everyone knows you're supposed to take the lump sum!
 
2020-05-11 4:02:58 PM  
Now he's slumming it. Poor guy.
 
2020-05-11 4:39:30 PM  

Shostie: You tax-happy liberals could tax him at 90% and this poor man would have a mere $338,000 per year to sustain himself.


He would need to give up the Avacado Toast and Starbucks every morning and he would be fine.
 
2020-05-11 4:39:33 PM  
CEO of a fortune 500 has to be the easiest job in the world.

Even if you do it terribly you're still getting a fortune
 
2020-05-11 5:03:38 PM  

Gubbo: CEO of a fortune 500 has to be the easiest job in the world.

Even if you do it terribly you're still getting a fortune


Yup.

The entire country is a rich man's club. If you are in the club, you will ALWAYS be rich. And so will your children. And your grandchildren. And great-grandchildren. The system is setup to make sure that there is no way for a rich man to EVER lose money, no matter what.
 
2020-05-11 5:47:03 PM  
You know, he started at AT&T when he was 15 years old, washing dishes at the company cafeteria, and worked his way up to CEO. The bootstrappy, hardworking American Dream personified. He deserves every bit of it.
 
2020-05-11 5:54:54 PM  

SurelyShirley: You know, he started at AT&T when he was 15 years old, washing dishes at the company cafeteria, and worked his way up to CEO. The bootstrappy, hardworking American Dream personified. He deserves every bit of it.


His brother still works as a line tech in Oklahoma.
 
2020-05-11 6:00:30 PM  

foo monkey: Everyone knows you're supposed to take the lump sum!


He'll have to contact J.G. Wentworth for that option.

It works out to only 10 cents per second.
 
2020-05-11 6:09:36 PM  

SurelyShirley: You know, he started at AT&T when he was 15 years old, washing dishes at the company cafeteria, and worked his way up to CEO. The bootstrappy, hardworking American Dream personified. He deserves every bit of it.


But that goes against all the OUTRAGE!!!!! this place is known for.
 
2020-05-11 6:33:44 PM  

ImmutableTenderloin: SurelyShirley: You know, he started at AT&T when he was 15 years old, washing dishes at the company cafeteria, and worked his way up to CEO. The bootstrappy, hardworking American Dream personified. He deserves every bit of it.

But that goes against all the OUTRAGE!!!!! this place is known for.


you know you're responding to sarcasm, right?
 
2020-05-11 7:15:06 PM  

Diogenes: And, they're trying to end their pension program.  They just bought me out of mine last year.


You know how they used to have the deal you could retire with full pension if your age and your tenure were equal to 70.

Well I worked for Bell South Mobility, Bell South, and ATT.

In  2015 they looked at my tenure and said "Well, that program is ending, and even though in 5 years you could have applied, you are short by three months, so you do not qualify for  being grandfathered in".

I pointed that out that I was at Cingular at the time and they loaned me to Bell South in Jacksonville for those three months and I had the w2 to prove it, that I was still with the company and still they refused.

That is when I left.
 
2020-05-11 8:04:58 PM  

Gubbo: CEO of a fortune 500 has to be the easiest job in the world.

Even if you do it terribly you're still getting a fortune



Once you hit a certain level and get the name recognition in the industry, you can only fail upwards no matter how much you screw the pooch.

/Ran AT&T into the ground? "Lets hire him right away, he's a big fish! Of course we need to offer him more than his current employer to entice him to switch..."
//Rinse & repeat
 
2020-05-11 11:01:07 PM  
You pay them to leave.
 
2020-05-11 11:04:32 PM  
He came from the old AT&T so I knew he'd be full of bad ideas. (Southwestern Bell/SBC took the AT&T name when they bought out the mis-managed AT&T.) But overall, he's been non-contentious with the union, so I won't complain.
 
2020-05-12 12:08:02 AM  
I'm sure AT&T knows how to contact Agent 47.
 
2020-05-12 12:10:04 AM  

Dear Jerk: He came from the old AT&T so I knew he'd be full of bad ideas. (Southwestern Bell/SBC took the AT&T name when they bought out the mis-managed AT&T.) But overall, he's been non-contentious with the union, so I won't complain.


The CWA is a piece of shiat.

SBC owned Cingular with Bell South and they bought out Bell South completely and then SBC changed the whole name to AT&T.

ATT was broken up in 1982 and they only existed as long distance services.

in 87 they founded a wireless division which was bought by Cingular in 2004.

So literally SBC just bought  AT&T long distance for the name.

And Randall came from SBT, which was part of AT&T with during the break up became SBC.

He started at SBC in 82-then pretty much ran SBC from the break up in 84. So he was always SBC.

He is the guy who is quoted as fark the customer I am taking the care of the share holder.

You need to learn the history of who you work for.
 
2020-05-12 12:17:04 AM  

theflatline: That is when I left should have hired a lawyer.


FTFY
 
2020-05-12 9:27:45 AM  

theflatline: Dear Jerk: He came from the old AT&T so I knew he'd be full of bad ideas. (Southwestern Bell/SBC took the AT&T name when they bought out the mis-managed AT&T.) But overall, he's been non-contentious with the union, so I won't complain.

The CWA is a piece of shiat.

SBC owned Cingular with Bell South and they bought out Bell South completely and then SBC changed the whole name to AT&T.

ATT was broken up in 1982 and they only existed as long distance services.

in 87 they founded a wireless division which was bought by Cingular in 2004.

So literally SBC just bought  AT&T long distance for the name.

And Randall came from SBT, which was part of AT&T with during the break up became SBC.

He started at SBC in 82-then pretty much ran SBC from the break up in 84. So he was always SBC.

He is the guy who is quoted as fark the customer I am taking the care of the share holder.

You need to learn the history of who you work for.


^ THIS ^

I have watched as AT&T's standards (the few they actually had) got tossed right on out the window because SBC Lazy Culture trumps *anything* that AT&T ever valued. Their workmanship is shiat, the Black Book is now openly ignored, they do LIVE CUTS in broad daylight and cut off HOSPITALS (I was there, I watched them do it in Midland, live & in person!!) and without warning. "Oooh, your fiber got cut in the middle of the night because of who the fark knows why? your hospital doesn't need internet bad enough for a person to actually get their worthless fat ass out of bed before 8 AM to actually do anything at all. What's that, we should have more than *one person* available overnight for this shiat in a 800 mile radius in a region known for routine cable cuts? HAHAHAHAHAHA no."

That's the new AT&T way, same as the old SBC way. When I was with AT&T, if anyone was involved in the severance of a customer, any customer, much less a hospital, that was a 1) 3 MILLION DOLLAR check issued to AT&T, all the persons or contractors involved would be banned from ever entering a Central Office ever again, the entire region's workers would drop what they were doing and be rushed to the scene no matter what hour to fix it, and more heads would roll afterwards. Now? Eh fark 'em we'll get to it when we get to it. Service Window Hours of 12 AM - 4 AM? What's that?? LOL.

F()CK AT&T SBC.
 
2020-05-12 9:42:19 AM  

theflatline: Dear Jerk: He came from the old AT&T so I knew he'd be full of bad ideas. (Southwestern Bell/SBC took the AT&T name when they bought out the mis-managed AT&T.) But overall, he's been non-contentious with the union, so I won't complain.

The CWA is a piece of shiat.

SBC owned Cingular with Bell South and they bought out Bell South completely and then SBC changed the whole name to AT&T.

ATT was broken up in 1982 and they only existed as long distance services.

in 87 they founded a wireless division which was bought by Cingular in 2004.

So literally SBC just bought  AT&T long distance for the name.

And Randall came from SBT, which was part of AT&T with during the break up became SBC.

He started at SBC in 82-then pretty much ran SBC from the break up in 84. So he was always SBC.

He is the guy who is quoted as fark the customer I am taking the care of the share holder.

You need to learn the history of who you work for.


I think the most important question here is:  WHERE'S GOLDEN BOY NOW???  I'm assuming Texas.

I grew up in NJ and I think the majority of my family worked for AT&T.  Out of college (1992) I worked for them for slightly more than 5 years - juuuustt enough to get vested (hence my meager pension).  I was in Morristown/Basking Ridge at HQ, re-engineering legacy financial systems into Oracle.

The reason I left?  My C level told my manager she didn't think my team had the Oracle skills to pull off the reegineering effort, and they were going to hire Oracle consultants ($$$) and we would answer to them.  I was present for that exchange.

So I went and got myself another job.  As an Oracle consultant. I usually don't burn bridges but I relished the opportunity to go into my manager's office to say, "Hey Mike, do you remember when Cathy said I didn't adequate Oracle skills?  Well, it seems Oracle begs to differ."
 
2020-05-12 11:28:06 PM  
When i read things like this, i always ask my self: 'What would Bob Dole do'
 
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