I have complained for years that Jeff Storey needs to "go to Washington" and lobby for rates that represent "fair freight" relative to the mammoth investments and capital expenditures for delivering the majority of bit traffic around the globe which is now at the CORE of the Modern Economy. Otherwise, maybe he should give them all a RUDE AWAKENING and shut the network down!
Back in The Crowe Days even before Comcast was using their weight and market clout to lever Netflix to pay for "non commensurate costs" just because they could even while Level 3's Network was facilitating savings making Comcast's charges more egregious(circa 2011), we had Jimmy develop a "bit traffic exchange" formula for dealing with the likes of Cisco's interest in that other Cogent Communications "Free Loader."
Who knows the status of that bit formula pricing system today? Which stupid analyst even asks about it on the calls?
Until there is new, meaningful legislation that ends the lunacy of POTS "regulatory schemes" for pricing the carriage costs in lieu of P2P and other antiquated payment systems not aligned with the modern internet, investors of this Disastrous Storey will be disappointed waiting for what will become The Fifth Industrial Revolution in another 100 years!
Jeff Storey is being paid a King's Ransom for horrific equity destruction, and needs to earn his keep. We need "Mr. Storey to go to Washington," and get away from the cows and chickens on his Texas Ranch so that may result in his shareholders being compensated correctly for their mammoth investments over the past three decades!
