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Stankey Home Alone Show

Did everyone see the email John Stankey sent us this Thursday morning? There is a video link of him showcasing AT&T's accomplishments this year and imitating Home Alone at the same time.

How on earth does the CEO of a major Fortune 50 company have time to film and act for this stuff while RTO-ing to an office 5 days a week.


Dave Calhoun benched by Boeing said he's not impressed with this number, said its nada compared to a number he could achieve as Ford CEO

Ford’s largest 2025 recall nationwide – 227,000 cars risk dangerous failure.
Ford has announced its largest recall of 2025, affecting 227,006 vehicles nationwide, raising fresh concerns about quality and safety controls.


Nobody is happy, but maybe not Doom & Gloom?

Everyone's got their own experience and everyone's heard different things, but our union rep told us that Mastec has been pretty good at communicating (much better than Optimum when we organized), and that "Mastec is more union friendly than Optimum" so "it might actually work out better for you guys"

Apparently IBEW has a few contracts with Mastec already.

Anyone else's union reps say anything similar?

Yeah, grain of salt, but also it's a low f-ing bar to be more union friendly than Optimum.

On the other hand, CEOs and execs make millions by eliminating entire departments, and nobody does a GD thing about it, so what can we really expect?


RIPF9

The Indification of a once great company is officially complete with the appointment of new CEO of Indian origin. With no meaningful experience in bringing a public company to new heights, he was hired for reasons that won't help the companies long term valuation.

Man your life boats, the ship is going for its last lunge down.


What’s happening?

Kelly boomerang here—back at HQ after a five-year family break. Honestly, I can’t get over how different this place feels now. Back then, we actually stood for something. The CEO cared, leadership had energy, humor, my boss was awesome, we were growing, i knew what we were selling, the cafeteria was hopping, the marketing guy had a cool eurotrash accent, a sales head with tattoos and a porsche, and people were proud to work here.

Now? It feels flat. No ideas, no spark. No ambition. Dull people acting like zombies. I ain’t inspired by Chris, Tammy, or anyone else right now.


The illusion of inclusion.

I received an email, same as all you, asking for ideas. A similar email was sent by Hans. I also gave sincere feedback during Pulse. Multiple submissions in Ideas at Work.

For over a decade, I have tenured ideas. Also for over a decade, I have cautioned leadership regarding the clear missteps that they were making. It was tempered at first, but was amplified when Hans was hired. There were many red flags.

"The plan will be presented to the board for them to approve.". Yes, that's how corporations work. Hans did the same, and how did that work out? The signs of the impending failure were obvious.

So the root of the issue are those that do the hiring of the CEO. The board needs flipped.


What an id--t

"Famously brutal Fortune 500 CEO reveals the three rules every American must follow to avoid getting laid off as job apocalypse spreads"

Internet Archive version - https://archive.ph/DwCYF

His 3 points:
1) Go to the office every day - 'One of the problems in our society today is isolation. And working from home stems more isolation.' - Stankey

So he's worried about our mental health now?

2) Take AI training classes, NOW! - dang, I agree with Stankey on something. It's a sad day.

3) Forget loyalty, focus on results - He described the employer-employee relationship as transactional and constantly up for renewal.

Every day, you have to earn your keep at the company,' he said, adding that, 'similarly, the company has to earn the right to your skills.'

Funny. If we really went by his own measure, he should be the first one fired.


Stankey’s First Culture Misstep Was Wearing Jammies

In a world of ‘tough as nails’ innovators, it’s difficult to be inspired by Grampa Stankeylegg to run your organization like you own it when he refuses to own his own mistakes. And who says “air cover” when referring to leadership and culture. Try setting realistic, simple priorities out of the gate on Jan 1 that reflect what a 150-year old utility company should focus on - product delivery and product quality. Fire 99% of L3 and above, they are just there for “air cover” to keep the board from finding out the company is just a hollow shell compared to its former greatness.


LAYOFF.COM: As of 2014 Verizon employs 180,000 people.

This is literally the description on the Layoff.com portal

Let’s that sink in!!!!!!!

We are now 85k barely. We have lost close to 100k employees.

This is a effing TITANIC I say. Jump while you can. Indian future CEO is already interviewing. Trust me!!!!


Stankey

AT&T (T) chief executive John Stankey will speak at Tuesday’s UBS Global Media & Communications Conference where he will discuss the company’s network and financial outlook.

Besides the mid-band spectrum the company agreed to acquire from EchoStar (SATS), AT&T (T) expects to continue to accelerate the pace of its fiber reach through an agreement to acquire substantially all of Lumen’s (LUMN) Mass Markets fiber internet connectivity business.

This transaction is expected to close in early 2026 and will enable the company to reach more than 60 million total fiber locations by the end of 2030.

The company said it is also on track to achieve its 2025 financial goals and return $4 billion to shareholders through share repurchases in 2025 and $20 billion of share repurchase capacity during 2025 and 2027.

This includes consolidated service revenue growth in the low single-digit range, adjusted EPS in the higher end of $1.97 to $2.07 range, and adjusted EBITDA growth of 3% or better.

Subscriber net additions to its mobility business will be higher during the second half of 2025 than it reported during the first half, including an expectation for seasonal trends in net adds during Q4.

Additionally, AT&T (T) expects its net debt-to-adjusted EBITDA ratio will return to its 2.5x target within roughly three years of closing the EchoStar transaction and achieve “strong free cash flow” from the Lumen and EchoStar acquisitions.


Crain's article this AM - HCSC Top Execs Get Big Raises

Full article pasted below.

https://www.chicagobusiness.com/health-care/hcsc-top-execs-got-big-raises-2024-despite-income-drop

Top executives at Health Care Service Corp. received hefty raises, including multimillion bonuses, in 2024 despite a 54% drop in net income for the parent of Illinois' largest health insurer, Blue Cross & Blue Shield of Illinois.
CEO Maurice Smith earned $34.4 million, a 23% increase from the previous year's total compensation of nearly $28 million, according to financial records obtained by Crain's through a Freedom of Information Act request. Smith's salary in 2024 dropped by $161,000, but he pulled in nearly $33 million in bonuses. The double-digit pay raise in 2024 followed a 26% raise from 2022 to 2023.
The raises, which are in line with traditional hikes in salary and bonuses at Chicago-based HCSC, came at a time when insurance premiums were skyrocketing and health care costs continued a decades-long escalation.
The pay hikes also came during a year in which HCSC recorded an increase in total revenue from $54 billion in 2023 to $62.8 billion in 2024. However, the company saw its own benefit expenses and administrative expenses rise and its insurance underwriting post a loss of $572 million dollars, compared with a gain from underwriting in 2023 of more than $1 billion. All that led to net income of $659 million, down 54% from the $1.445 billion in net income in 2023.
Smith's compensation eclipses his counterparts at publicly traded, nationwide health insurers.
The average CEO compensation across seven leading companies in 2024 amounted to $20.9 million, up 1% compared with 2023, Crain's sister brand Modern Healthcare reported.
Total compensation increased for the chief executives of UnitedHealth Group, Cigna, Centene and Molina Healthcare, while it declined for the CEOs of CVS Health, Elevance Health and Humana, according to filings with the U.S. Securities & Exchange Commission.
UnitedHealth Group CEO Andrew Witty led the pack with $26.3 million in compensation. His compensation rose 11.9%. Cigna President, CEO and Chair David Cordani and Centene CEO Sarah London saw double-digit percentage increases in their total pay to $23.3 million and $20.6 million, respectively.
The 10 highest-paid employees at HCSC received a combined $104 million in 2024, up about 17% from 2023.


Great place to work… what a joke

Let’s be real the whole “V Team” notion is a joke.
The new CEO walks around sipping his coffee talking about at least when Verizon lays off people before Thanksgiving, they don’t do it by text message they do it by a phone call. Yay, thank you Dan. This guy is so full of himself.

Then he lets you stay on the books to work during the holidays while the people who stay talk about holiday parties, your mgrs ghost you and you get quietly removed from team calls. Gotta love it. I hope the people who made it, are watching how the laid off ones are being treated. It will probably be worse next time under this new CEO’s regime.