Union Urges AT&T to Reject Activist Investor Elliott's Proposals [telecom]

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Union Urges AT&T to Reject Activist Investor's "Archetype Ploy of Vulture Capitalists"

by Georg Szalai

Communications Workers of America president Chris Shelton in a letter argues that Elliott Management's proposals are a "stale critique" that is "flawed in key respects."

AT&T's main labor union, the Communications Workers of America, has reiterated that it wants the telecom giant to reject activist investor Elliott Management's proposals for a shakeup of the company, describing it an "archetype ploy of vulture capitalists."