AT&T Message Board - Msg: 32326407

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Technology Stocks : AT&T

T 24.35

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Dec 17 3:59 PM EST

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From: Sr K	9/14/2019 12:01:11 PM
	of 4298

WSJ AT&T Chief Laid Plans for His Exit. That Set Off an Activist Challenge. Plans by CEO Randall Stephenson to leave the helm to a longtime ally triggered the threat of a proxy fight by an aggressive Wall Street activist investor By Sept. 13, 2019 6:43 pm ET Randall Stephenson, AT&T Inc.’s longtime boss, got an unexpected phone call Sunday evening from a hedge-fund manager at Elliott Management Corp., one of Wall Street’s biggest and most aggressive activist investors. The call was brief and cordial, but behind it was a stinging rebuke of the telecom veteran’s mission to turn the phone company into a media giant and leave a top lieutenant to finish the job. Investor Jesse Cohn told Mr. Stephenson the hedge fund had concerns about AT&T’s strategy and execution, reflecting ...

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