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General

AT&T workers urge carrier to disregard proposal from activist shareholder

Wednesday 2 October 2019 | 11:28 CET | News
The Communications Workers of America (CWA) is calling on AT&T to not take up proposals from activist Elliott Management. In two letters made public, the union said the plans would cut jobs and destroy long-term value and are the "archetype ploy of vulture capitalists." Elliott Management last month unveiled a plan to turn AT&T's business around and end the stock's underperformance. The plan would see the divestment of certain operations, and namely DirecTV, the company's Mexican wireless operations and pieces of its wireline footprint. Elliot said it sees an upside in the company's share

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Categories: General
Companies: AT&T / DirecTV
Countries: United States
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