AT&T

AT&T does offer very competitive pay with excellent benefits. The employee concessions include deep discounts on home phone, internet, DirecTV, and cell phone plans. Their vacation policy is generous, and you do build up quite a bit of PTO the longer you stay. You are required to use it each year, which is nice.

If you are in IT, beware that they continue to downsize, through layoffs or by selling you to an outsourcing firm at a moment's notice. The downsizing has been going on for over a decade, and there isn't any reason to think it will end anytime soon.

They have strongly suggested employees move to their major headquarters, particularly Dallas, Atlanta, or New Jersey. However, even after moving to one of these sites, many still end up getting surplussed after just a few months. Corporate politics is alive and well at AT&T.

I get you. Your main concerns are shareholders, not customers or employees. It's how the game is played. However, treating employees fairly and being transparent would go a long way to boosting morale.