Activists Protest AT&T's New Plan to Cut Labor Costs [telecom]

December 12, 2019

Outside the UBS Investor Conference in New York City this week, activists protested vulture hedge fund billionaire Paul Singer's plan to extract profits from AT&T by eliminating jobs and divesting critical assets. AT&T has already agreed to some of Singer's proposals, including announcing a plan to buy back $30 billion of its own stock over the next three years.

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