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:

  • Ian Littman: One catch here is that Comcast's own xfinitywifi network is *not* available to CableWiFi customers; you have to have a Comcast account to use it or pa...
  • Josh: I don't know how anyone passes laws like that, or upholds them or whatnot with a straight face. It couldn't possibly be more blatantly because you're...
  • Paul Houle: This is a sad day. Many of the states involved with these fights are the ground zeroes of the broadband struggle. While Wheeler pursues suburban p...
  • Lee: Ah the magic of corporate debt to pay dividends. They are not the first nor will they be the last to use debt to pay dividends....
  • Jackripper: What bs so now we are stuck with limited services and no consumer choice. Like mobs owning their own domain. How thuggish....
  • Josh: Still totally irrelevant so long as they have laughably tiny caps....
  • Derpson: Just ran speedtest on my galaxy s7, got a blazing 8/1. They need more towers next!...
  • Phillip Dampier: A paid subscription is required to access the article in question which is why you are probably having an issue. I have captured a screenshot which is...
  • Paul Houle: @rcxb, it could be worse. You could live in Frontier Country where you pay $90 a month for phone + 1 Mb/s DSL. Fiber prices for smoke signal s...
  • jhf5: I wonder what is in store for New York, wondering if 100Mb/ s will be standard service or not, NYSPC requirements say 100 required, though I am not su...
  • rcxb: Does anybody else remember back when AT&T DSL was $12.99/mo? Sure it was only 1.5Mbps, but I'm sure plenty of people would go for that speed at t...
  • Mike The Great: All I can say is LOL!...

Your Account: