Originally Posted by MotO
Yo RANDALL, your whole business model is obsolete but the only thing keeping it from crashing down hard is your cute little duopoly and daily reach arounds to the FCC. The sooner you or AT&T dies the better. I bet that $40 mill the last 2 years could of went towards some nice network upgrades:
"In 2009, Stephenson's compensation as CEO of AT&T totaled $20,240,457, including a base salary of $1,450,000, a cash bonus of $5,850,000, options grants worth $75,834, stock grants worth $11,999,991, and other compensation totaling $864,632.
In 2010, compensation totaled $20.2 million for 2010, a sum that was unchanged from the previous year which equated to a 6 percent increase over 2009. His cash incentive payment totaled $5.05 million, down 14 percent from the year before. Most of his 2010 compensation was in the form of options and performance-based stock awards valued at $13.2 million, up 10 percent from 2009"
Its not the FCC they're Paying off. if it werent for the big ISP whining/complaing/bribing the government against the regulations that the USA had in the 90's we wouldnt be in this position today. the ISP's bribed and sued the government until those got repealed. guess what, countries like japan and south korea took the good leaf out of the USA's book and used those same regulations, but didn't bend over backwards when their ISPs complained. now they have 70Mb/s tth @ $0.2/mbit while we are stuck with 5MB/s tth @ ~$3/mbit
I definitely agree about the big isps needing to die though, or at least restructure their finances so that $20M+ can go towards things far more useful than Mansions and private jets
Edit: the reason i say it isnt the FCC that they are paying off is because there is no need to without the Regulations in place. the FCC has no power to enforce anything if there is no Regulations............Edited by Nemesis158 - 7/20/11 at 1:08am