Getting rid of some old people, and dead wood. I think is in part of CMA leaving for broadband. CMCSK is stuffing him full of money and roll him across the street. I knew T would take a charge, but I thought it would have been there interest in Canada or Mexico. I think they are taking a charge in 4th quarter for those events. T is cutting and cleaning up every part of there business. They have to be taking to someone about the sale of LD or the rest of the business. WCOM and FON might follow up on cuts aswell. Check out CMCSK today, down 80 cents while T is down 25 cents on bad news. I guess Merrill saved T with that upgrade. If not we would be saying Broadband, Who ? The news in T the last couple of days makes me wonder if their EPS and outlook for 2002 (second half) is going to be sad. T has come out and said first half of 2002 is going to be disappointing. T will have strong broadband numbers. But, Consumer, and Business services are going to be down. Can T sell a broadband deal, and a LD tracker with business crumbling still ? T will have made $$$$ from the AWE and Cablevision sale's. Just enought to make this quarter look the same as last. I just pray they surprise the street and say LD is bottomed out. That would make the LD tracker meaningfull.
Roger that! IMHO, T management still reflects a monopoly mindset ^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Believe it or not, part of the old mindset was good. There are still a lot of oldtimers that believe in trying to make the customer happy. Now, more and more, it is just a problem finding someone that knows how to fix the problem. In the old days, a fourth level manager had worked his way up through the system and knew something about how things work. Today, a fourth level is a college grad that changes his job within the company every six months to a year. He has no real concept of how to do the job he has or how he fits within the scheme of things. It is not important because he will be doing something else soon.
You who posted about T getting rid of the old and deadwood are full of it! You, like most of the posters on this message board have NOT a damned clue as to what is going on at T. Most of those at T that are there now have 25-35 years service and are what keeps T GOING. T is going to get to be like the other LD outfits, run it on barbed wire out of some closet in a basement of some building to compete. When all the old "deadwood as you call us" leaves, T will, if still in business, have to hire some off the street, and you will then see the crap hit the fan! T is top service provider, BECAUSE they have the experienced people there, "deadwood to you". You will wish we were there in a year or two! When what is left of the Bell System is gone, you may not even be able to post your shit on here anymore! T ain't perfect, but it is still the best, BUT then you won't find that out until it is gone! CMA will soon find out that he can dump all his workers and the service will work right on for awhile, but it will break and there will be no one to fix it. I know what I am talking about having spent well over 30 years in the Bell System trenches.
BUT then you won't find that out until it is gone! CMA will soon find out that he can dump all his workers and the service will work right on for awhile, but it will break and there will be no one to fix it. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Kind of like when we went on strike, huh? The system was good enough to run for weeks but we would work our butts off when we came back because management could not fix much. Part of the old "if he can't do the job, make him management" syndrome.
Don't be so sure about who is going...depends on the content of the severance. If $1B/10,000 = $100K, that goes along way on multipliers of the cash value pension per person....could be some older non-producers as well. And our company is big on equality, wouldn't they feel that they have to open the option to leave to more "good" people as well, lots of them are pining away for a good financial reason to finally get out.