re: Merger Could Reward AFC's SchofieldSo will he dress up like a pig, put on some nice bright red lipstick and yell "oink" on his way out the door?
What a f_cking joke. This idiot did NOTHING with the billion dollar warchest he had, not to mention the lock on the RBOCs which no one else had. They starved their customers and bet the company on a prayer that was not and will never be answered. Now what does TLAB have? Cash and a bunch of tired, burned out people, old products that are no longer competitive and a headquarter situation that's as hard to reach as freakin' Latvia. John's reward: riches he does not deserve. Let's party like it's 1999, baby. God damned ridiculous.
I would have expected more out of Krish's first move.
re: Merger Could Reward AFC's SchofieldAll Schofield deserves if a lynching. The guy has done NOTHING for AFC...the only way he kept it afloat is by gutting it as much as possible. A couple of months after laying off 5% of the company he graciously allowed AFC to forgive him a $500,000 relocation loan. The companies AFC has purchased while he has been at the helm have yielded bad products that never sold well. Now after setting the company up to fail with this FTTP roll out he will sell out to TLAB a pocket a nice profit. He has an immediate out...his title will be changed and that is a breach of his contract...bye bye Schofield, bye bye $billion warchest...bye bye AFC. The guy should be shot.
re: Merger Could Reward AFC's SchofieldHey! I grew up in Paducah. If the water drops below 9 feet then a *lot* worse things will happen than Schofield stealing off in the night with stolen money.
re: Merger Could Reward AFC's SchofieldThe line forms to the right for those who are amazed that the CEO escapes with a big payday. What a racket. You can be incompetent and gather a big buyout.
Apparently he tried to get a similar deal a long time back when Ciena was looking to buy AFC.
IMO he will leave and get his package once the deal has gone thro this is their aggreement.