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AT&T WIRELESS: Officers may reap millions in merger

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-06-04 10:54 AM
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AT&T WIRELESS: Officers may reap millions in merger
http://www.chicagotribune.com/business/chi-0403060204mar06,1,6429108.story?coll=chi-business-hed

AT&T Wireless Services Inc., which is being sold to Cingular Wireless LLC for $41 billion, said its officers and directors may gain as much as $83.8 million as the deal is completed.

Officers and directors could receive that sum at year's end, assuming Cingular and its parents SBC Communications Inc. and BellSouth Corp. uphold their agreement to buy AT&T Wireless for $15 a share, according to a filing by Redmond, Wash.-based AT&T Wireless with the Securities and Exchange Commission.

...more...

Let's see -

http://www.forbes.com/newswire/2003/11/19/rtr1154143.html

AT&T Wireless said planning lay off 10 pct of workers

Citing people familiar with the situation, the Wall Street Journal said Wednesday AT&T Wireless could lay off 3,000 workers, on top of recently revealed job cuts. The cutbacks could affect information technology and customer service jobs, according to the report.

http://seattlepi.nwsource.com/business/160298_attlayoffs12.html

Thursday, February 12, 2004

Layoffs loom at AT&T Wireless


The company raised the total number of anticipated job cuts to 1,900 in its third-quarter filing with the Securities and Exchange Commission, 800 of which it said had occurred by Sept. 30. It took a $10 million "restructuring charge" that quarter to cover the separations' costs and an additional $31 million charge in last year's fourth quarter. Rowe said the number of employees who left or were laid off last quarter won't be revealed until next month.
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maggrwaggr Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-06-04 11:54 AM
Response to Original message
1. I'm shocked! Shocked! To find corporate pirates running these companies
Just mail my winnings to me at home, thank you.

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