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Executive pay

Our new CEO is being paid a $1.5M annual salary, with up to $50M in performance incentives.

That’s equivalent to 500+ employees making $100K.

It’s hard to listen to Joe Russo talk about surgical cost reductions when our CEO is being paid an annual salary equivalent to an entire market.

Does our CEO work 500 times harder than the average corporate employee? Why don’t individual employees receive bonuses that are potentially 33 times than their salary? Imagine an STI of $3.3M on your $100K salary.

If Verizon were serious about cost reductions, it could save tens of millions by trimming the oozing fat at the top.


Clown in Chief

This man is a buffoon.

https://fortune.com/2025/11/12/ford-ceo-jim-farley-secret-education-path-c-suite-ceo-job-study-supply-chain-like-tim-cook/

Why in the world has he not been fired? FoMoCo will continue the downward slide. Saddening to watch.


VH vision is paying off at Oxy

There is no doubt that VH and her leadership team are doing a terrific job at Oxy. She is focused on her goal of making Oxy a great company. Her almost one decade of experience as the CEO has made Oxy a well respected and recognized name in the oil and gas industry. The 3Q results is something to be proud of. Her hard work is finally paying off. She is also working hard to pay down Oxy’s debt. Oxy is a leader in innovation and Carbon Capture. I am very proud to work for Oxy.


Dan's Q3 call was well received here..what happened?

There was a lot of positive feedback to the CEOs blunt and honest call a few weeks ago, even with him flat out saying there would be layoffs and that his plan would be ready in 22 days...which put it right around the 20th.

What happened? Did people lose their minds or did this board suddenly get filled with dummies? I'm seeing a lot of comments from people who dont deserve any severerance.

It su-ks but buckle up and push on.


Trolls

There’s been a huge uptick in troll posts the past 48 hours.

One poster uses the word “value” a whole bunch to oddly describe an unknown Verizon business segment.

Another keeps claiming huge moves, like Sampath being let go - which hasn’t been reported in any capacity.

Just remember, at this point the only thing we really know is that layoffs are coming and our new CEO seemingly pointed to the end of November (~Nov. 20th) as to when his new plan will be placed into motion. Everything else (% riffed, impacted workgroups, potential for VSP, etc.) is all hearsay.

Tread carefully, and know there are a large number of trolls running around getting a rise out of posting intentional misinformation…some of whom likely don’t even work for Verizon.


Melvin Extends Holiday Blessings

Following up to Melvin’s email about SNAP benefits being held and people not being able to put food on the table. He has decided to give each employee a Turkey for Thanksgiving. He thought, what would Jesus do? And it was clear this was the answer. God bless us all and God bless Melvin’s generosity.


When is Gail leaving?

The 3 CEOs before Gail served an average of 4 years while she has been here for double the amount of time.

Here is a history of how long the previous CEOs served at Elevance/Anthem/Wellpoint.

Gail K. Boudreaux- CEO of Anthem/Elevance since 2017 (~8 years)

Joseph R. Swedish- CEO of Anthem from 2013-2017 (4 years)

Angela F. Braly CEO of Anthem from 2007-2012 (5 years)

Larry Glasscock CEO of WellPoint from 2004-2007 (3 years)


CEO Transparency is important- not just for moral but a show good leadership-

Why is this new CEO- opting to be so cryptic? He has a company with highly talented employees wearing a dozen hats each. They all deserve at this point, to know what the new game plan is-
Every Verizon employee has been digging in, trying their best to keep things afloat, especially the last several years-

After every layoff- VSP/ISP talent has been lost and the work load consolidated. Yet even with all the internal struggles - we keep at it.

If Dan truly wants Verizon to succeed- he needs to be candid and up front with his employees. We can handle the hard truths- we can deal with change and limitations- but the C-suite silence is destroying the company from the top down.
Dan- be different-be frank- tell the people at Verizon what is happening and do it sooner than the Nov. 20 mark- the internal barometer is tipping negatively and once it goes too far we are looking at Sprint 2.0-
You are losing trust, confidence, and support from your workforce. We all know what is coming, but the way you are decidedly unveiling it- especially in these economic times, with all the political theatrics happening in DC, only exacerbates and compounds the situation- any other year might be fine- but this is not the current weather for it.

Come clean and do it quick- or everyone here will soon agree you’re no better than Hans……


MW Your CEO is Laughing All the Way to the Bank! 😡

While you’re sweating it out, fearing the next round of layoffs, Mike Wirth’s raking in obscene cash $60 MILLION in 2021 (more than 50,000 Ecuadorians combined!), $29 MILLION in 2022, and a fat $32.7 MILLION in 2024 with a smug 19% raise. Meanwhile, your pay’s stuck in the mud. 😒 Chevron slashed 20% of you in February 2025 to “save costs” (boo-hoo, low oil prices), and now they’re plotting to axe 9,000 MORE jobs through 2026. But don’t worry, Wirth’s wallet is safe! 💰
Oh, and guess what? Critics say his bloated paycheck is tied to shipping YOUR IT jobs overseas with H-1B visas, spitting in the face of American workers. All while Chevron funnels millions to Trump-aligned causes. Disgusting. 🤮 Wake up, Chevron your loyalty to greed over employees is pathetic. This is for all you boot licking chevron employees that think you are untouchable….. 🤡#ShameOnChevron #you arejustanumberonaspreadsheet


850 Layoffs

  • Charlotte-based manufacturer JELD-WEN announced it will lay off 850 employees across North America following a $378 million net operating loss in Q3 2025.
  • The cuts represent about 11% of its North American and corporate workforce, though specific locations and timing were not disclosed.
  • The company will conduct a strategic review of its European business as part of an effort to optimize its portfolio and improve long-term performance.
  • This marks JELD-WEN’s second round of layoffs in 2025, after previously closing an Iowa factory in March and other U.S. plants in 2024.
  • CEO William Christensen attributed the downturn to market headwinds, higher material and labor costs, tariffs, and weak housing demand.

Source: https://www.charlotteobserver.com/news/business/article312787843.html


“Market Based” Failure

So this is what a “market-based” company looks like? Since John Stankey took over as CEO in 2020, AT&T’s stock has gone nowhere, bouncing between $14 and $24 while billions were wasted on failed acquisitions, buybacks, pointless reorgs, and the most tone-deaf RTO policy in corporate America.

Five years in, zero shareholder value created. Billions burned. Morale at rock bottom. The “market” isn’t buying his strategy, and neither are the employees who actually keep this place running.

If Stankey really wants to be “market-based,” then start listening to what the market is saying: no confidence. Bring back flexibility, respect, and results-driven work. The 5-day RTO punishment failed. It’s time to admit it and move forward.


5 years in the captains chair and 0 value added

It’s been five years since John Stankey took over as CEO in July 2020, when AT&T’s stock was around $23 a share. Since then, it’s dropped as low as under $15 and today it’s barely above where it started, roughly $24.

Five years. Billions in spending. Countless reorganizations. Massive layoffs. Zero value returned to shareholders or employees.

How does this guy still have a job? At what point does the board finally admit this isn’t working?

If this is what “leadership” looks like, it’s no wonder morale and performance are at rock bottom. The numbers don’t lie it’s time for real accountability.


BBB

Chris Conway is still listed as a company contact at BBB. Hasn't he been gone for months and didn't the company sue him ?

$$$$$$$$$$$&

Local BBB:
BBB Serving Metropolitan New York
BBB File Opened:
5/16/2000
Business Started:
11/1/1945
Business Incorporated:
1/3/1945
Type of Entity:
Corporation
Alternate Names:
Mutual of America Life Insurance Company
Business Management:
Mr. Stephen J. Rich, Chairman, CEO and President

Ms. Christine Janofsky, Executive Vice President and Chief Financial Officer

Mr. Chris Conway, Executive Vice President and Chief Revenue Officer

Subhang R. Shah, Executive Vice President and Chief Information and Digital Officer

Mr. Joseph R. Gaffoglio, CEO of Mutual of America Capital Management

Mr. Shannon Moriarty, Executive Vice President, Operations


Verizon CEO sounds alarm on why customers are leaving in droves - TheStreet Updated November 1, 2025

New Verizon CEO flags reasons why customers are leaving Amid its customer struggles, on Oct. 6, Verizon named Dan Schulman as the new CEO of the company, replacing Hans Vestberg. During an earnings call on Oct. 29, Schulman said that Verizon is "clearly falling short" of its potential. "We are not delivering the shareholder returns our investors expect," said Schulman. "Despite investing significantly in network leadership, we have not been able to translate that into winning in the market." He also said that there are four reasons why Verizon is losing customers: price increases, friction in the customer experience, negative value perception and intense competition in the telecom industry. Related: Verizon angers customers with new tactic to boost loyalty Schulman emphasized that Verizon needs to "aggressively transform" its culture and financial profile by being more "customer-centric and executing with financial discipline with a focus on shareholder value." He also admitted that recent price hikes were a bad idea.

Read more at: https://www.miamiherald.com/news/business/article312737229.html#storylink=cpy


Week 1

During Dan’s speech he told us that it was his 22nd day as CEO. He then stated that by his 44th day as CEO most of his transformative plan would be revealed and much of it would already be set in motion. This is the start of the 1st week of Dan’s 3 week transformation kickoff. Hang on for one heck of a ride! Hope I see you on the other side!


Arctic Frost Scandal

Hans was fired in 10/6 and documents to scandal were unsealed 10/30. He was fired over Verizons compliance to the subpoena while ATT REFUSED! The board didn’t fire him for abismal leadership (the board was complicit in destroying a great American company and allowing TMO to takeover telecom) they fired him because Hans didn’t have the brains to refuse to comply while competitors did. This puts the Frontier acquisition in jeopardy which is VZ only lifeline.

This means that Dan is just coming in to save face, fire as many people as possible, remember VZ absorbing 15k frontier employees so the VZ cuts will be nasty and Frontier employees will eventually get the boot in early 2027. Dan will not do anything revolutionary outside of what was already being planned prior to Hans leaving. Get ready to su-k for 2 more years until Dan steps down when he unsuccessfully gets VZ off the ground and hands it over to DRUM ROLL…..

John muthafkn Stratton.. sorry Scampath. That’s when VZ will have a small renaissance but won’t ever come close to TMO. Also remember that SpaceX which owns Starlink will IPO within the next 5 years and they will be the ones who take out TMO. VZ will be a distant 3rd.

Come back in two years and congratulate me when it all happens. Buying lotto tickets tonight. Take care lads.


Roger Entner podcast Dan Schulman

Roger Entner, Recon Analytics
Roger Entner of Recon Analytics discusses Verizon's new CEO, Dan Schulman, in the podcast "The Week with Roger". In the episode "Change is Afoot- All About Verizon's New CEO Dan Schulman," Entner and co-analyst Don Kellogg analyze the appointment, predicting Schulman will initiate significant changes to improve customer experience and financial health after Verizon's recent struggles.
Mandate for Change: Entner explains Schulman, a seasoned consumer disruptor, has a two-year mandate to overhaul Verizon's strategy, including re-evaluating profitability targets and making "painful cuts" to right the company's course.
Strategic Shift: Schulman is expected to shift the focus from solely financial metrics to customer metrics as well, after the previous strategy of extracting more money from fewer customers proved unsustainable.
Leadership Experience: His experience as the founding CEO of Virgin Mobile USA and transforming PayPal is seen as valuable for this "rescue mission" at Verizon, although the telecom market is more mature than the expanding digital payments market Schulman previously worked in.
Future Outlook: The analysts anticipate a more competitive Verizon that prioritizes customer experience and value, following a period of subscriber losses.
The Week with Roger | Podcast on Spotify
All Episodes. This Week: Change is Afoot- All About Verizon's New CEO Dan Schulman. The Week with Roger
https://the-week-with-roger.captivate.fm
Change is Afoot- All About Verizon's New CEO Dan Schulman
AnalystsDon Kellogg and Roger Entner discuss Verizon's appointment of Dan Schulmanas its new CEO, exploring what his leadership could mean for Verizon.