In a shocking turn of events, AT&T lied

Juan

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Supporting Founder
Sep 14, 2003
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Moscow Russia
It is very relavent...its not AT&T today..its at&t
But again you've dragged us back a few dozen years in history (well before today's AT&T was established) and that's not particularly relevant to the topic of the thread. Asserting that a company that is taken over comes with the entirety of its outstanding attributes (or undesirable baggage) isn't sound reasoning.

For those who have lost sight of it, the topic of the thread is that AT&T either mislead regulators about what they were going to do with the content that they acquired as part of their Warner Media acquisition or casually making liars of themselves by doing what they assured that they were not going to do. ABC, Comcast, Disney or NBC have nothing to do with it outside of them being competitors in one form or another.
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Juan

Supporting Founder
Supporting Founder
Sep 14, 2003
23,999
5,036
Moscow Russia
But again you've dragged us back a few dozen years in history (well before today's AT&T was established) and that's not particularly relevant to the topic of the thread. Asserting that a company that is taken over comes with the entirety of its outstanding attributes (or undesirable baggage) isn't sound reasoning.

For those who have lost sight of it, the topic of the thread is that AT&T either mislead regulators about what they were going to do with the content that they acquired as part of their Warner Media acquisition or casually making liars of themselves by doing what they assured that they were not going to do. ABC, Comcast, Disney or NBC have nothing to do with it outside of them being competitors in one form or another.
[/QUOT
But again you've dragged us back a few dozen years in history (well before today's AT&T was established) and that's not particularly relevant to the topic of the thread. Asserting that a company that is taken over comes with the entirety of its outstanding attributes (or undesirable baggage) isn't sound reasoning.

For those who have lost sight of it, the topic of the thread is that AT&T either mislead regulators about what they were going to do with the content that they acquired as part of their Warner Media acquisition or casually making liars of themselves by doing what they assured that they were not going to do. ABC, Comcast, Disney or NBC have nothing to do with it outside of them being competitors in one form or another.
they all share the same people on the board of directors..thats one connection..the system is rigged..no matter what platform or what internet provider you have..you will pay for content.. nobody is really competing
 

harshness

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May 5, 2007
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they all share the same people on the board of directors..thats one connection..the system is rigged..no matter what platform or what internet provider you have..you will pay for content.. nobody is really competing
There is not a single board member common to Comcast, Disney or AT&T.
 

schneid

SatelliteGuys Pro
Jun 27, 2007
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In the Wind
Fortunately, we are still relatively free and have a relatively free market and the ability to vote with our feet. I walked and don't miss the old girl a bit. Guess I should get around to changing my Avatar too.
 

harshness

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May 5, 2007
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They name the board members...as in elect them
If you've ever voted a proxy, you'll recall that the directors are a for, against or abstain thing just like all of the other issues on the proxy. The shareholders don't choose the names that are going to appear on the proxy. In the case of AT&T, those names are chosen by the Corporate Governance and Nominating Committee. Shareholders may move to have a vote to have a particular director removed but that's not the same as picking the lot.

You've also implied another idea that isn't true: that the Board of Directors makes business decisions. The Board of Directors is a representative of the shareholders. They establish general policies and goals for the company rather than direct the day-to-day activities of the company. Management (CEO, CFO, CTO, COO, etc) is who manages the execution of the business, not the Board of Directors.
 

Juan

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Sep 14, 2003
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Moscow Russia
The institutiond ARE the shareholders by a large majority
If you've ever voted a proxy, you'll recall that the directors are a for, against or abstain thing just like all of the other issues on the proxy. The shareholders don't choose the names that are going to appear on the proxy. In the case of AT&T, those names are chosen by the Corporate Governance and Nominating Committee. Shareholders may move to have a vote to have a particular director removed but that's not the same as picking the lot.

You've also implied another idea that isn't true: that the Board of Directors makes business decisions. The Board of Directors is a representative of the shareholders. They establish general policies and goals for the company rather than direct the day-to-day activities of the company. Management (CEO, CFO, CTO, COO, etc) is who manages the execution of the business, not the Board of Directors.
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harshness

SatelliteGuys Master
May 5, 2007
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Salem, OR
The institutiond ARE the shareholders by a large majority
Yet no institutional shareholder is part of the management team that executes the daily operations of the company. Your arguments are baseless.

At AT&T's 2019 annual meeting, the shareholders (large holdings or small) had only these issues to consider:
  1. Election of Directors (voting individually on each of 13 directors chosen by the Corporate Governance and Nominating Committee)
  2. Ratification of Ernst & Young LLP as auditors for 2019
  3. Advisory Approval of Executive Compensation
  4. Independent Chair
In all cases, the choices were For, Against or Abstain.
 

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