• Jentu@beehaw.org
    link
    fedilink
    English
    arrow-up
    18
    ·
    1 year ago

    Yeah I’m surprised they’re saying anything about this since it immediately made me remember that garbage they pulled.

    • RoverStoker@beehaw.org
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      Retired telecom worker here:

      Every single time your telecommunications provider goes to DC to lobby against their taxes they promise “Please oh please please if you’ll just lower our taxes we pinky swear to expand broadband. We’re going to expand the reach of DSL, we’re gonna lay cable for Uverse internet, we’re invented this thing where high speed internet goes over your electrical grid. We promise you we can do the thing if only you’ll cut our taxes.”

      So DC does and guess what happens? Job cuts. Cut back on techs needed to actually do the work. The money is used for stock buy backs, to buy a company or two (bought at a high price then sold at a loss of course) and the CEO bails with a golden parachute:

      https://www.forbes.com/sites/jackkelly/2020/05/12/atts-ceo-steps-down-with-a-64-million-gold-plated-retirement-plan/?sh=3ede18b759bd