Home » AT&T »Consumer News »Public Policy & Gov't » Currently Reading:

AT&T Tells Shareholders to Mind Their Own Business on NSA Wiretapping, Privacy Invasion

Phillip Dampier December 9, 2013 AT&T, Consumer News, Public Policy & Gov't No Comments

i hear youAT&T shareholders concerned the company is risking its reputation and future profits by excessively cooperating with the National Security Agency have been told to mind their own business by company executives.

AT&T roundly rejected a resolution demanding greater transparency offered by New York Comptroller Thomas DiNapoli, who administers the $160.7 billion NYS Common Retirement Fund, which has investments in AT&T.

AT&T recommended the resolution be excluded from the ballot for AT&T’s annual shareholder meeting this spring, noting shareholders have no business getting involved in the “ordinary business operations” of AT&T, which are under the purview of company executives.

In his shareholder resolution, DiNapoli said there was a real issue of customer trust at stake for AT&T. Customers upset with AT&T could switch providers, hurting revenue.

But with Verizon also providing access to customer records, wireless customers may have few alternatives. AT&T also passes along information about non-customers whose calls happen to cross into AT&T’s extensive network.

In November, the New York Times found AT&T is well-compensated for monitoring and disgorging customer records to federal officials, earning at least $10 million annually. AT&T also has important business before the Obama Administration regarding the future of the landline telephone network, its multi-billion dollar wireless service, and its campaign for greater deregulation.

The news does not inspire confidence in Stop the Cap! reader Earl, who shared the story with us.

“With AT&T it’s always about the bottom line, even at the price of privacy.”

Search This Site:

Contributions:

Recent Comments:

  • John Purell: I was paying $95-$97 per month for internet & cable from TWC. An even then TWC was screwing me by taking away channels while charging more. So I ...
  • Patricia L Nichols: First, I would like to say that I was a 24 year employee with GTE/Verizon/Frontier until I was laid off in 12/2016. For the most part, I enjoyed my ca...
  • Racerbob: The $5 fee appeared on my "recent activity" in the My Services website and I called them and they promptly removed it. They also removed a $56.61 (wit...
  • Angela Ehlers (Former Employee): Wow, talk about pointing the finger! Employees are the backbone of your business, without them, you don't have a successful company. How about looking...
  • Frontier Employee: As a frontier employee in Florida, I can honestly say our problems began way before Frontier came along. In my opinion, it started with Verizon, and...
  • Brandon: I am a current employee in Residential Sales in Deland Fl and it is getting harder and harder to meet the sales goals... any former employees , can y...
  • Former Employee: I was let go back in 2013 after working for Frontier for a little over 7 years. The only reason why I stayed for so long is because I needed to suppo...
  • Jennifer: Don't like Frontier? Share my letter I wrote last Fall to the CFO. They never responded or acknowledged. Nor did they ever send the promised $300 g...
  • Cindy: How has class action lawsuits never been filed against them? I dumped them 2 weeks ago, it's so nice to actually have internet again! Frontier would s...
  • Arlene Hughes: the plans are the amts for new signed up customers, the loyal customers get nothing and they pay for all the perks for the new customers. i for one i...
  • David Bystrack: What about all the problems in Ct ??? They still can't get my bill fixed and billed me $476.00 for there mistake.They just took the money from my cred...
  • Disagree with McCarthy: I was an employee of a real Telco corporation and my state was sold to Frontier. There is no training for employees. We have to teach ourselves and ...

Your Account: