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In a shocking turn of events, AT&T lied

It is very relavent...its not AT&T today..its at&t
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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
 
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.
 
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.
 
They name the board members...as in elect them
So you see large shareholders participating in board meetings and making operational decisions? I'm pretty sure they get the same proxies that I do; just a lot more shares involved.

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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.
 
The institutiond ARE the shareholders by a large majority
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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.