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

Dec 14, 2019 0 Replies


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.

There's a good book that describes in detail the nasty impact of those vulture hedge funds on communities. It's called, "Glass house : the 1% economy and the shattering of the all-American town" by Brian Alexander. (St. Martin's


2017).

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