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AT&T Chairman shovels money to GOP campaign

Someone is a bit upset over not getting his way 100% of the time. He
should consider himself lucky since AT&T and the rest of that
industry enjoys a privileged position with very little competition. The
end result is poor products that could never compete abroad due to the
low price/quality ratio.



Just imagine with the US mobile and internet services would be like if this industry spent money
on improving their technology rather than lobbying or influencing
politics. AT&T's iPhone business was about as anti-capitalist as it
comes yet they got away with that nonsense for years. AT&T
recently made some modifications to their iPhone locking system, but
sheesh, welcome to 2009 in Europe. Their business practices still are closer to behaving like a trust than anything that resembles capitalism.



Yes, he made a few million less because the AT&T merger deal was
rejected but what about the country as a whole? Why does it always have
to be "me, me, me" for these people? Big business and management gone wild.

AT&T Inc. (T) Chairman Randall Stephenson lost $2.08
million in bonus pay after Democrats killed his bid to build the
biggest mobile provider. Six weeks after the deal collapsed, he made his
largest campaign donation in more than two decades of giving to
Republicans.



Stephenson’s $30,800 contribution to the Republican
National Committee punctuated months of sniping between the biggest
U.S. telephone company and the Democratic-controlled Federal
Communications Commission.



Stephenson and FCC Chairman Julius Genachowski, a Democrat, have
disagreed over spectrum policies and whether killing AT&T’s proposed
$39 billion merger with T-Mobile USA Inc. led to price increases.Lobbying
is not always bad and for a business it makes sense but as they say,
all things within reason. People like Stephenson really need a serious
dose of competition and actual capitalism. AT&T would struggle in
that environment and people like Stephenson would be lost, so they
simply dump cash into the political system.


Added: May-31-2012 Occurred On: May-31-2012
By: live_leakuser01
In:
Other
Tags: Corporatism
Location: United States (load item map)
Marked as: approved
Views: 855 | Comments: 22 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • The GOP is a puppet of Big Phone!

    Posted May-31-2012 By 

    (1)

  • America is bought and sold by the 1%ers and what do many of the 99% do - make crude jokes about the protesters.

    You deserve to be slaves of AT&T. And hey, its the 1%ers who have frozen Ron Paul's campaign - not the media.

    Posted May-31-2012 By 

    (1)

    • @Nepean109

      Exactly they control the media....who has the power to stop someone's campaign from even being televised so little? The 1%er's.......but these REpublicturds are so naieve and stupid.....these stupid idiots are the worst thing to ever happen to the USA....along with extreme liberals.....

      Posted May-31-2012 By 

      (0)

    • @AxisofEvil You really believe that in the age of the internet? Look where you're posting.

      Posted Jun-1-2012 By 

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    • @kajidono



      Everything can be bouht out for a price....

      Posted Jun-1-2012 By 

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    • @AxisofEvil And some people take the money and fuck everyone over anyway just for fun. Consider your own nick, my brother.

      Posted Jun-1-2012 By 

      (1)

  • guess who donates to the Democrat party Remember all those green energy bankruptcies, the companies who got billions in tax dollars, in the form of grants and loans from the Obama regime, ya those guys

    Posted May-31-2012 By 

    (0)

    • @_Byron_ Billions? Dont think so loser. Nice try though.

      Posted May-31-2012 By 

      (2)

    • @_Byron_


      Hey loser, why wont you think outside the box and look at it from a global perspective....its the CHinese imports that are killing the Green Domestic industry....they cannot compete to the unfair trade practices over there.....

      Posted May-31-2012 By 

      (0)

    • Comment of user '1098r' has been deleted by author!
    • @cdlcrash Solyndra got nearly half a billion. Are you saying that all the other dozens of companies (how many are there now?) got like $5? Post some stats, tough guy (you won't).

      Posted Jun-1-2012 By 

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  • "Lobbying is not always bad and for a business it makes sense but as they say, all things within reason."

    Yet you complain about it. If you were serious about them having to much power why not suggest that ATT be broken up. I think this is just one of thousands of business people who have seen who is for a pro growth economy and who isn't.

    Posted May-31-2012 By 

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    • @GatewayMetalHead ...if lobbying were illegal, the House and Senate would vote for what matters to YOU, not the lobbyists. Isn't that something of value to you?

      Posted May-31-2012 By 

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    • @Nepean109



      Amen preach brotha preach!!!

      Posted May-31-2012 By 

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    • @Nepean109 Maybe a better solution is to have laws written by congress itself instead of lobbyists. You can’t stop the people from going to DC and lobbying their congressman. I went and looked at the Canadian rules to see if they were similar. It seems you have very similar rules. Here are yours, The preamble of the Lobbying Act states:•Free and open access to government is an important matter of public interest.
      •Lobbying public office holders is a legitimate activity.
      •It is desirabl More..

      Posted May-31-2012 By 

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  • They never can have enough. It's a double edged sword.

    Posted May-31-2012 By 

    (0)

  • Well done Stephenson. Obama and his idiot advisers are killing our economy.

    Posted May-31-2012 By 

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    • Comment of user 'DirtyUncleBerty' has been deleted by author!
    • @DirtyUncleBerty That is the concern. The way it is currently being managed, the whole fancy, modern, global economy is going to go down in flames.

      Posted Jun-1-2012 By 

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  • Comment of user 'DirtyUncleBerty' has been deleted by author!
  • All your money are belong to us!

    Posted Jun-1-2012 By 

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  • You vilify a guy for giving $30,000 to a political party? Very sad days for America.

    Posted May-31-2012 By 

    (-2)