 ropeguruPremium
join:2001-01-25
Mechanicsville, VA | Seems to be the new way... Know ahead of time that you are not going to be able to handle your debt. Spend more money and lobby politicians to let mergers go through. After the merger, paint a poor, pitiful, we did not know this would happen picture. Then, file for bankruptcy screwing over all your creditors that you have dealt with in the past.
All the while, look for those high executive compensation packages to keep rolling along. |
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| I was thinking exactly the same thing. Glad to know I'm not the only one who sees it. |
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 OCNBLUEDazedPremium
join:2000-11-07
Denver | reply to ropeguru
Is there any company that Verizon has sold/spun to that has not filed Bankruptcy?
Genuity
Hawaii Telecom
Idearc
Fairpoint
Frontier (Bound to happen in 2 years)
Great article here on Ivan - »www.shareholderforum.com/vz/Publ···_WSJ.htm |
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WhatNowPremium
join:2009-05-06
Charlotte, NC | I was thinking the same thing was glad to see your post. It is way to easy to walk away from your mistakes when you are big company. Life will be easier if we just shaft all our creditors. The ones it really hurts are the small suppliers.
Let the top brass work for minimum wage since they were the ones making decisions while they layoff those at the lower levels. |
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| It's not just the creditors that get screwed over....this also screws the workers over because now concessions have to be given in order to keep from being terminated. This applies to both union and non-union workers.
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BF69~~~Please stop suffocating gerbils! |
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patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | reply to OCNBLUE
said by OCNBLUE:Is there any company that Verizon has sold/spun to that has not filed Bankruptcy? CenturyTel |
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 WindstreamPremium,VIP
join:2009-03-31
Twinsburg, OH
kudos:28 | said by patcat88:said by OCNBLUE:Is there any company that Verizon has sold/spun to that has not filed Bankruptcy? CenturyTel Then Alltel, now Windstream
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We're here to help! wci.broadbandhelp@windstream.com |
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patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | Windstream was 1-2 years before the buyout by the hedge funds of Alltel, and that was 1-2 years before the buying by Verizon. What history does Windstream have to do with GTE or Verizon? |
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