Union Urges AT&T to Reject Activist Investor's 'Archetype Ploy of Vulture Capitalists'

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Union Urges AT&T to Reject Activist Investor's 'Archetype Ploy of Vulture Capitalists'
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Communications Workers of America president Chris Shelton in a letter argues that Elliott Management's proposals are a 'stale critique' that is 'flawed in key respects.'

Communications Workers of America president Chris Shelton in a letter argues that Elliott Management's proposals are a"stale critique" that is"flawed in key respects."

In an email and letter from Sept.

Its letter included data on Elliott's past shareholder activism, with Shelton arguing: "There is no evidence that Elliott's restructuring and capital allocation strategies have succeeded in creating long-term value."

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