Keyword: Elliott Management
CWA over the weekend struck a new tentative contract agreement with AT&T covering more than 8,000 workers.
CWA on Thursday authorized a strike amid negotiations with AT&T over a contract covering more than 8,000 AT&T workers.
Asked about AT&T’s troubles last year with Elliott Management, Stephenson said, “It was an intense period when they sent the letter.”
AT&T on Monday outlined a three-year plan, following a challenge last month from activist investor Elliott Management.
The Wall Street Journal reports that AT&T has hired bankers at Centerview Partners and Goldman Sachs Group in the talks with Elliott.
Granted, the Communications Workers of America (CWA) doesn't usually come to the defense of AT&T, but in this case, it's urging the company to reject ideas proposed by activist investor Elliott Management.
It was only a matter of time until someone showed up with ideas of how to propel the stock price, but the ideas are much easier to conceive on a spreadsheet than to deliver in the real world.
Elliott says over the last decade AT&T has failed to execute on strategic opportunities, and it compared AT&T unfavorably to Verizon.