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:

  • daniel: i pray they dont stop at i10 and 62. id kill for time warner internet! even at their highest priced plan id save money. ps: no dsl no cable just 4g...
  • Hernan Justo: Charter Spectrum Sucks!!!!!!!!!!!!!!!!!!!...
  • BobInIllinois: PC Magazine recently released its Readers' Choice Awards on ISP's for 2015. Frontier Fiber was near the top, after RCN, Verizon FiOS, WOW!, & C...
  • TheDreamer: Hahaha in your dreams!...
  • Unloaded One: PS I meant this comment for the post on charter and overall lack of customer satisfaction. Yet somehow it wound up on here....
  • Jake K.: Got the email from Cox on the 19th. Called on the 20th to cancel, And tonight on the 28th I'm using my cellphone as a modem. If only "5%" of the their...
  • Unloaded One: I'm a TWC customer and I'm bracing for things to go from bad to worse should this merger go through. I want to be optimistic but they don't make that ...
  • Joe V: Yes, last bill I paid a few days ago was $71.00-for a 6-meg connection which truthfully is 4.8-megs. I have contacted Sonic.net, DSL Extreme, Earthl...
  • Phillip Dampier: $71!!!! Do you know if Earthlink is available in your area without a data cap over AT&T DSL? You might try and visit Earthlink's website and see i...
  • Joe V: You know Phil I have AT&T really slow DSL here in California. I'm supposed to get 6megs-in reality its 4.8 or slower depending on time of day-pl...
  • Dancer: Frontier shall begin their rapid GPON FiOS expansion on all territories serviced by Verizon before because Verizon loves to reduce Fiber opportunities...
  • BobInIllinois: Bob, Cableco's have much larger profit margins on internet service than they do on TV service....

Your Account: