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penguinfl
Educate, Not Propagate
Premium Member
join:2002-09-12
Ponte Vedra Beach, FL

penguinfl

Premium Member

Where does the money go?

Adelphia Communications may pay two former executives at AT&T Broadband $65 million to bring it out of bankruptcy but does not include incentives for putting the cable company back on financially solid footing. The amount is in contrast to the $20 million over three years that the new CEO of WorldCom will reap. (From CBS MarketWatch)

To the same guys who sold a dog to Comcast:

Roberts Makes Lemonade
Comcast CEO speaks on AT&T transition
Comcast officials, worried about AT&T Broadband’s half-million subscriber loss early last year, took steps to staunch the flow months before the merged closed last November 15, according to Comcast President-CEO Brian Roberts. “We were terribly disappointed that AT&T started losing customers at the rate they did,” Roberts said. “We had a crisis and [decided] that when we get in there on day one we are going to make radical changes....In our own way, we tried to make lemonade out of the situation.” Analysts have long wondered if the company will succeed in cleaning up the mess left behind by AT&T Broadband.
Posted about 8 hours ago See: business cable