PacBell (Re: what is this shit)

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Article #22218

#22218

From: Drew Lawson
Date: Thu, 16 Jul 1992 15:48

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In article <rdippold.711223733@maui> rdippold@maui.qualcomm.com (Ron Dippold) writes:
>jeg@netcom.com (Julian E. Gomez) writes:
>>According to KRON-TV, the CEO of Pacific Bell is one of the five
>>highest paid executives in California.
>
>>What the hell is going on?
>
>Say "Government supported monopoly."  Pac Bell is a "Public Utility,"
>i.e. effectively a government run nationalized company with "local
>management."  They have guaranteed profit.  If they raise the salary
>of their CEO, they just stick it to the consumer to recover it.

Perhaps someone from PacBell is reading and can speak to this, but I am
under the impression that PacBell (like other "baby Bells") is
diversified.  The only thing which has public service rate guarentees
(look up "natural monopoly") is the local telephone service.

-- 
Drew Lawson                      If you're not part of the solution,
lawson@acuson.com                you're part of the precipitate

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References: <2j+m0##.jeg@netcom.com> <rdippold.711223733@maui>

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Path: arc1-ca.pugleaf.net!sparky!uunet!olivea!veritas!amdcad!sono!lawson
From: lawson@acuson.com (Drew Lawson)
Newsgroups: ca.general
Subject: PacBell (Re: what is this shit)
Message-ID: <1992Jul16.154850.1487@acuson.com>
Date: 16 Jul 92 15:48:50 GMT
References: <2j+m0##.jeg@netcom.com> <rdippold.711223733@maui>
Reply-To: lawson@acuson.com (Drew Lawson)
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Organization: ACUSON, Mountain View, CA
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