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The CEO Who Turned His Knee Into a Strategy
Hans Vestberg just gave us a corporate update… about his meniscus. Surgery, rehab, jogging again — as if Verizon’s future depends on his morning runs.
Employees are getting cut, the stock is stuck, and competitors are eating Verizon alive. But Hans? He’s posting selfies with interns and bragging about finishing a 5K.
This isn’t leadership. It’s narcissism. Verizon has become a backdrop for Hans’ personal brand — where his knee surgery is a bigger headline than the company’s direction.
The meniscus healed. The company hasn’t.
Who was the best and worst CEO of Avaya?
Who was the best or worst CEO of Avaya?
Donald Peterson
Louis D’Ambrosio
Charles Giancarlo
Kevin J Kennedy
Jim Chirico
Alan Masarek
Patrick Dennis
Best?
Worst?
Go read the post on State Farm layoffs, it will make you feel better.
State Farm here! Come over and read our posts about what this sh-t hole is doing to its people! Your CEO has set the pace/tone for all the other CEOs to fall in line! They attend the same meetings, talk to the same consultants and run in the same circles. I've been at SF 30 years and need a couple more to retire. If you happen to have SF insurance cancel that cr-p, it's too expensive, service su-ks and all you are doing is giving 10-15% of your premium to a SF Agent. I'm about to move all of my internet and cell away from AT&T after your CEO sent that letter to employees basically telling them we owe you absolutely nothing and we expect absolute conformance and loyalty to AT&T! Same sh-t hole people no matter where you work in corporate America.
The Myth of the Nice CEO
You can build an empire and be a nice f@cking man.
Hans Vestberg tried the “nice” part — but the empire crumbled on his watch.
Walgreens - Michael Motz
Hey Staples folks. Coming from a concerned Walgreens employee that just learned your ex CEO Michael Motz is now CEO of Walgreens. What do we have to look forward to? Is he good, bad? Pros? Cons? Is it all really doom n gloom from here on out? Don’t care for the fear mongering but curious what we potentially have in our future?
Thanks!
Market Based Culture For Everyone But Stankey
Every acquisition this guy has been involved with has been a failure. Assets were sold for 1/2 or less what they paid for them. And this is good ?
This doesn’t look like performance to me.
It looks like failure yet he is still handsomely compensated.
When you have a proper CEO
Standard Chartered CEO Bill Winters is standing out in the global banking sector by maintaining a flexible, hybrid work policy and resisting the rigid office mandates now sweeping through much of Wall Street. As peers from companies like JPMorgan Chase and Goldman Sachs urge staff back to traditional office rhythms, Winters has doubled down on a philosophy of employee autonomy and trust, placing his bank in sharp contrast to its U.S. and U.K. peers.
https://www.aol.com/finance/banking-ceo-breaks-pack-return-173930500.html
To the stop complaining, I love RTO and Stankey trolls…
If you love wasting time and money commuting to an office so you can send emails and sit on teams calls all day, here are a few other things you can do:
- End direct deposit of your paycheck. Get a paper check and run to the bank to deposit it so you can collaborate with the bank teller.
- End online bill payment. Write a check and mail it in for everything - Netflix, credit cards, everything. And for your AT&T bill, go down to the store every month and use a paper check so you can collaborate with your retail colleagues.
- End all online shopping. You need to buy something for someone across the country? Go to a store, buy it, then go to the post office and ship it. Collaborate with your mailman.
Don’t complain. Back in my day you had to walk 10 miles in the snow uphill both ways to get a jug of hooch.
It’s called progress and evolution.
Execs are obsessed with pushing employees to accept change even when the employees are hurt by it. That is EXCEPT with RTO because the execs don’t get the ego boost of and control from being able to survey all that they command. We need to turn back progress in that case. Same goes for anything else that is more of a bottom up benefit than top down command.
Whitepaper(s) & CEO(s) - why not used to select CEO(s)?
Intel's Whitepaper process (documented manufacturing change), composed strategic data and facts.
Question - why not used to select CEO(s)?
Interim CEO gets 25k more each pay period
Keep an eye on the 8-K filings OpenText must file with the security exchange as a publicly traded company. Any changes which can impact investors have to be publicly available. The various 8-Ks will start pointing out changes around selling off products as well.
Last week or so 8-K are around comp changes for the interim CEO. In addition to his existing salary, he gets another 50K+ in cash every month and he is eligible for up to 100% of his salary in variable comp for FY26 and he now has an added target equity of $281k in shares.
Meanwhile, our customers are asking who the heck is steering the ship and WFRs are being aligned as part of slimming business units for sale.
Podcast Hans vs. Verizon Hans
Hans went on Lewis Howes’ podcast to talk about how he leads Verizon. He mentioned writing “boss contracts,” holding 256 listening meetings, logging every hour into six buckets, and keeping a list of 39 names he checks in with.
It sounds organized, but the scoreboard tells a different story. Verizon trades like a utility, buried in debt from the $52.9B C-band buy. Growth is flat, T-Mobile is winning subs, and inside the company people are worn down by endless “transformations” and layoffs.
The podcast Hans sells habits. The Verizon Hans runs a company that’s been 3–5 years behind. That’s the disconnect.
Worried about what’s ahead
With the CEO stepping down, it’s hard not to feel uncertain about what’s next. Whoever takes over is likely to bring major changes. And we all know that frontline employees are usually the first to feel the impact of any reorganization or cuts. The economy’s slipping, the job market isn’t great, and many of us are already stretched thin, both financially and emotionally. A little stability would go a long way in easing the pressure we’ve all been feeling. But right now, it’s hard to see where that might come from.
Bungie CEO Pete Parsons retires
The longtime CEO, who allegedly spent $2.4 million on classic cars as hundreds of Bungie employees were laid off, will be replaced by Justin "overdelivery" Truman.
https://www.pcgamer.com/games/bungie-ceo-pete-parsons-retires-with-destiny-2-sentiment-at-an-all-time-low-and-pressure-from-sony-growing-parsons-has-decided-its-time-to-pass-the-torch-and-head-for-an-exit/
“Things chuck could never do” for 100
Yes, Jensen Huang, CEO of Nvidia, personally reviews the compensation of all 42,000 employees every cycle, using machine learning tools to streamline the process. He has stated this is a key part of his management strategy, ensuring fair pay and motivation, often increasing the company’s operational expenses.
interim Co CEO
Ever since I got promoted to customer I've been unable to stargaze ELT.
Is MJ still on the bench as Interim Co-CEO?
Truly a rockstar.
Mark's replacement has been found!
https://www.instagram.com/reel/DMf0cKQN2VX/
Congratulations to the board for a fine pick! You can count on them to make the right decision at the right time.
Executive Leadership weakness..
Executive leadership could have made a significant difference with Cisco - when you look at Google, Microsoft, NVIDA, etc they have very smart technical CEOs and have been able communicate and lead their companies into new key technology trends - unlike Cisco which always seemed to be caught flat footed over the last 15 years. Having a CEO that has weak technical aptitude has been one of our Achilles heel for way too long… so many missteps… so many lost opportunities…. it’s just embarrassing and has cost us dearly over the years…..
Hey Stankey -- I will be looking for some of that guarantee money . . .
AT&T was sc--wing up my broker's ability to authenticate my account so I Iost some money on a trade opportunity this afternoon because I could not get into my account. It is going to be a little more than the $0.37 you paid me in guarantees the last time AT&T created connectivity problems.
Do you have your popcorn ready?
Who else is tuning in this morning to see how our CEO will inspire or demoralize us?
Stank complains about the age of his employees . . .
but when he needs someone to run something he hires all the old folks. He brought back Bonnie G out of retirement as a consultant, and has now move Sue J to run the transformation team.
IBM’s CEO thinks AI can do his job
Flashback... apologies if you already saw it and for posting something a bit old(ish), but I just remembered this one...
(FORTUNE MAGAZINE)
https://www.instagram.com/reel/CyEBnomL1RP/
IBM’s CEO thinks AI can do his job. Well, some of it.
“There are elements of repetitive, white-collar work in my job that AI could do,” Arvind Krishna told Fortune at the #CEOinitiative conference this week.
“But decision-making, creativity, collaboration with people, empathy—those are not things AI can do,” he said.
Krishna maintained that AI will create far more jobs that it will eliminate. “10-20% of job displacement may occur, but probably 30% new jobs will be created,” he said. AI is a “wonderful technology,” Krishna concludes.
Law Firm investigating
Cisco announces layoffs days after CEO said it won’t cut jobs in favor of AI
Law firm ‘investigating’ layoffs over alleged notice discrepancy, while Cisco brings in a new channel partner chief
Cisco plans to cut more than 150 employees as part of a new round of layoffs, with the cuts coming days after CEO Chuck Robbins said the company would not be slicing jobs in favor of AI.
The latest cuts include 157 employees at various locations in California. The majority of the cuts are are targeted at Cisco's Milpitas campus, with 64 roles being cut at its site in San Francisco. Staff at its former Redwood City headquarters and some roles at its site in Pleasanton are also set for elimination.
A plethora of roles are set to be axed, including juniors as well as executives with VP titles, among those facing layoffs, according to reports.
News of the layoffs comes after Robbins said he didn’t see the networking giant using AI as an excuse to reduce headcount.
"I don't want to get rid of a bunch of people right now," the CEO told CNBC, instead suggesting he wants the company’s engineers to “innovate faster and be more productive.”
AI was among the reasons Cisco cited for cutting 7% of its workforce last August, a decision CFO Scott Herren suggested at the time was more akin to “a reallocation versus a headcount savings.”
Those cuts followed a 5% reduction of Cisco’s global workforce in February 2024, a restructuring move the vendor suggested at the time would maximize shareholder returns.
Did Cisco break the law?
Its latest round of layoffs is, however, being probed by a law firm over claims the company could have violated U.S. labor laws.
Chicago-based law firm Strauss Borrelli said it was looking into layoffs at the networking giant, suggesting Cisco employees facing layoffs may be owed 60 days of severance pay and benefits.
Under the Worker Adjustment and Retraining Notification (WARN) Act, U.S. employers are required to provide 60 days' notice before mass layoffs. The law firm is investigating whether a WARN Notice was filed with the state of California at least 60 days before the mid-October job eliminations, as affected staff were reportedly only notified on August 13 – despite the dates appearing to line up.
“We are investigating whether Cisco failed to provide at least 60 days’ notice before laying off 157 employees and, therefore, violated the WARN Act,” the law firm said in a statement.
Cisco last week reported earnings that saw it bring in $800 million in AI-related revenues for the fourth quarter of its fiscal 2025, which pushed its full fiscal-year AI-related haul to $2.1 billion.
Robbins told investors that largely all of its AI growth was coming from hyperscaler customers, with two-thirds of AI-related orders tied to Cisco systems, with the remaining one-third tied to its optics portfolio.
HPE CEO at Our Office Today
I was hoping for more answers but it was good to see who our new CEO is and he seemed okay. Any other opinions?
Top Charter Executives sued over ACP Shutdown Guidance
CEO Chris Winfrey and CFO Jessica Fisher in big trouble. Read the article on Broadband Breakfast online.
Male Pale Stale CEO Tweet
Funny how things change. When she was climbing the ranks, she blasted the board as 'male, pale, and stale.' Now as CEO, the company runs like a sweatshop—understaffed, overworked, and underpaid.
Does CA finally get axed?
He said he had to get axed before another mass layoff , delay of all hands screams of another big cut , or they are all so inept at managing that the are trying to rewrite the narrative ? Will the stock drop from a sell off as soon as the C suite opens their mouths again ?
Chuck Robbins needs to GO!!!!!!!
Stop the personal gain and gutting the rest of the people that keep you where you are SC*M! Take your bucket list agenda somewhere else!
atts-john-stankey-enters-ceo-hall-of-shame
https://starkmanapproved.com/atts-john-stankey-enters-ceo-hall-of-shame/?utm_source=chatgpt.com
How does Penny have 73% approval on Glassdoor?
How? How many folks do you know who actually think she's doing a good job?
Deadline: Paramount Layoffs Will Be “Painful” But One & Done, Jeff Shell Promises
Paramount Layoffs Will Be “Painful” But One & Done, Jeff Shell Promises; David Ellison Keeps Timeline Private For Now
https://deadline.com/2025/08/paramount-layoffs-coming-merger-1236485915/
OpenText files a new flight plan
https://www.deep-analysis.net/opentext-files-a-new-flight-plan/
What I’m Hearing
I’m hearing that CP Chem is really having problems right now.
I can’t help but think that Go Go was the CEO of that company only few years ago.
He even bragged about how great successful that BT was.
I hope epilogue is not prologue at P66.
Top CEO bets
Sanjay Mirchandani, Paul Cornier, Michael Rhodin.
Plan is to trim the workforce, sell off portfolios to lower debt and then sell the whole company.
Ohio politicians are pi$$ed
https://www.news5cleveland.com/news/politics/ohio-politics/ohios-intel-plant-has-been-stalled-for-years-now-trump-moreno-husted-are-getting-involved-heres-why#google_vignette
Ohio's U.S. Senator Bernie Moreno has joined President Donald Trump in asking for tech giant Intel's CEO to resign due to his reported ties to the Chinese government. Moreno has also asked for a fraud investigation into Intel's continued delays on the state's long-awaited semiconductor manufacturing plant.
Let's talk ELT Compensation to boil your blood
includes Mark because these are the last numbers I could find in the fy24 proxy
- Mark J. Barrenechea — Vice Chair, CEO & CTO: total compensation approximately US$14.7 million.
- Todd Cione — President, Worldwide Sales: total compensation approximately US$6.34 million.
- Muhi S. Majzoub — EVP, Chief Product Officer / Security Products leadership: total compensation approximately US$3.9 million range
- Paul Duggan Chief Customer Officer (President & CCO; listed as NEO in proxy): total compensation approximately US$4.5 million range.
ATT bad neighbor
AT&T We Can't Sleep
An open letter to Mr. John Stankey and the leadership of AT&T
Contact: attwecantsleep@gmail.com
March, 2021
To Mr. John Stankey, CEO AT&T
AT&T Willow Tech Center in Redmond[1], Washington is in violation of the City of Redmond noise ordinance chapter 6.36 Noise Standards as verified by a noise impact study by an INCE board certified principal acoustical engineer with Tenor Acoustical Engineering and also by the City of Redmond [2]. AT&T has thus far refused to mitigate the issue after numerous complaints through the city of Redmond, complaints spanning back years. The noise produced by AT&T’s chillers and HVAC units are having a detrimental impact on multiple families' lives and health of both adults and children who are unable to sleep.
The night time limit of 50 decibels is breached every hour of the night, every day of the week. Inside home decibel readings can breach 50 decibels making it impossible to have a proper night of sleep or any kind of normalcy -- this is a form of torture and we are pleading with you to resolve this immediately.
Mr. Stankey, please listen to this live video and audio stream from a residence near the AT&T Willow Tech Center.
I hope we get lucky with the next CEO
Not that I trust leadership to be capable of choosing someone truly competent, who’d be good for both us and the company. But I guess it can’t get much worse than Mark. Maybe, at least, the next round of layoffs won’t be outright sla-ghter.
Wonder if Mark will resurface as the CEO of SmartSheet?
Smartsheet CEO Mark Mader retiring; Apptio co-founder Sunny Gupta will take over enterprise giant as “acting CEO.”
https://www.geekwire.com/2025/tech-moves-icertis-names-new-ceo-as-samir-bodas-steps-down-smartsheet-adds-security-leader/
Is OpenText preparing to be bought?
Rumours abound that Mark’s layoff was a surprise to him and that the board offered him a graceful way out but that he didnt accept it.
We heard M&A during the earnings call.
This the firing of Mark be a prelude to OpenText being acquired?
If so, who?