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Xmas eve and I am worried
Culture at Honeywell has me constantly on edge and worried about layoffs or furloughs. Obvious I need counseling if I am sitting here worried on Xmas eve.. but I need to provide for my family.
New Year’s resolution seems clear … I need counseling and an executive coach that can help me exit this trap.
Don’t make my mistakes. Leave before you have nothing left to offer
Best Silicon Valley CIO
I Nominate our CIO for the ‘best cio silicon valley’ award for 2025. He is the reason the company is doing so good. His vision, strategy and hard work is more than all the company execs put together. He truly deserves a huge hug and a bucketful of stock options. That inspite of having such a mediocre team. Hats off Sudhakar.
This company barely resembles what it used to be
Years of bad calls at the executive level have drained momentum, talent, and trust. Instead of building on strengths, leadership keeps reacting late and doubling down on choices that never should’ve been made. Now the focus is no longer on growth or innovation, but survival.
What is Kaveri Camire upto these days?
She was on fire the first few days after joining and completely dead these days. Or is it just another top exec being paid millions for nothing.
Attention GPs - time to break away
I'd love to see some of our GPs, the OGs that are too young to truly retire but are leaving because they can't stand PP, break off and form something new. I'm thinking like the original owner from Scottrade did. Those OG GPs are the only ones with enough capital to do this.
Associates will follow you. FAs and their clients will, too. Edward Jones is dying. It's time to build something better from its ashes as the ultimate sc--w you to PP and her sh---y ELT cronies.
Doug Field 100% Failure
Everything Doug Field touches dies.
SAS has been flat for 15 years
Hate the game, not the player...
If you’ve ever tried to keep all the flavours of SAS ticking over at scale, you’d have a bit more empathy for the hiding to nothing that team is on.
The model is properly broken, no doubt. But it isn't the staff... it’s the lack of joined-up thinking from the top—pushing offers that shouldn't even exist. The top brass will nod along and say there are issues, but point out that Cloud makes us $x00m a year. And they aren't wrong, unless they finish the sentence... it makes SAS hundres of millions but it should be making us billions.
SAS has been flat for 15 years. Let me state that again, SAS has been flat for 15 years... because the mentality you have is shared by the ELT... who don't get any steer or love from Dad. The cloud offer here is a shambles of execution... across the whole company, not just the division. Let me state that again, SAS has been flat for 15 years...
With that in mind, no need to stick the boot in. We should at least be decent to one another as we shift the deck chairs around... makes the time on a sinking ship a bit more bearable.
This deserves its own thread. OP:@12j+1kbnvhbm6
Executives, Managers, IC5, IC4 Beware
Next level cost cutting will happen for sure. Jan 1-20. Get ready with your resumes
Dinner with Larry, Zooms with Larry, but no, Larry's definitely not involved in the company's decision making!!
Ah yes, I remember all those times Bob Bakish had his father come to business dinners to talk about mergers, or had him hop on Zoom calls with advisors. It's totally a normal thing for CEOs to have their daddies help them with their jobs.
From THR (link below):
“If we have the privilege to work together you will see that my father and I are the people you had dinner with,” Ellison wrote. “We are always loyal and honorable to our partners and hope we have the opportunity to prove that to you. Best, David”.
https://www.hollywoodreporter.com/business/business-news/inside-paramount-bid-warner-bros-discovery-david-ellison-1236445012/
Verizon Corporate Jets
Hi Guys, at a moment in time there were 6.
Do the company stills uses 3 ? I cannot track them on flight radar.
Think about how much they cost to operate
Any execs who like move to Edmonton?
Are there any Imperial executives who actually think a move to Edmonton is a great idea?
When will the executives be laid off or arrest?
Any update news? We don't care about employee layoffs now. It will always happen at anytime, no matter of the company conditions. Who are going to buy Intel?
Remember Richard Geres character in Pretty woman?
Is Dan playing the same character, only I doubt Verizon will have the same happy company ending the movie did.
Down she goes
Brian Roberts refuses to humble himself. He is turning Comcast into Blockbuster 2.0. He won’t go down with the ship though. He doesn’t have the moral or ethical framework.
That is why he might just go down as the most hated businessman in the country.
India/offshore didn't take our Jobs. Executives/shareholders GAVE our jobs away.
Don't get me wrong, there definitely was nepotism and racism with hiring inside orgs, namely IT, but this all started long before any of that. The C-level all across the US, not just Verizon, sold us out. Not the people working to live in other countries. Yet, somehow we want to blame the lower working people. Continue to be lied to, live in ignorance and be exploited. God help the next generation that will have to live through the same lies they spin-doctor with AI (once it's matured to be production ready).
Exec fantasy league: SVB up, TK down ?
"Wells Fargo Names Saul Van Beurden to Lead Artificial Intelligence; Kleber Santos to Expand Responsibilities and Serve as Co-CEO of Consumer Banking and Lending with Van Beurden"
cannot be good for TK, previous AI cheerleader.
The Disturbing Link Between Psychopathy And Leadership
Looking at Dan, Sampath and Hans. Interesting read from Forbes.
https://www.forbes.com/sites/victorlipman/2013/04/25/the-disturbing-link-between-psychopathy-and-leadership/?fbclid=IwdGRjcAOVdr9jbGNrA5V18GV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHr8AspRVmyP5k6lgfQ1lGS10G8PArOO9f3lJzBR1PwgJj8CJwKKsmGkJMkbP_aem_u6pZrfuWmrVLbgrPl7N6iw
x.data $*it-show since last 4 years
x.d*ta is currently not generating meaningful results and seems to be consuming resources without clear returns. The executive management appears to be spending heavily on travel( 4-5 times a year), often involving select individuals traveling between the US and Kochi, without any clear agenda just to attend the workshops. So far, the outcomes have been underwhelming, with releases that are difficult to understand from the release notes. subpar level releases where executives just pat each other's back after release.
While many employees in the US are facing job losses, some individuals who may not be contributing effectively appear to be receiving promotions or salary increases in India.
This should end, seriously !! few heads should roll now instead of RAing innocent engineers and managers ...entire focus is to make "kingdom" in kochi by this executive.. hope new VP takes notice of that and do long pending "purge"
Tim Held CISO
Another executive leaving the dumpster fire.
https://timesofindia.indiatimes.com/technology/tech-news/verizon-ex-ceo-sends-open-letter-to-13000-employees-company-is-laying-off-says-no-one-c
https://timesofindia.indiatimes.com/technology/tech-news/verizon-ex-ceo-sends-open-letter-to-13000-employees-company-is-laying-off-says-no-one-can-take-away/articleshow/125515667.cms
As Jerry says, what a long strange trip it's been.
Couple things
- The company has never ever cared for employees over the results. Even the red chair..
- All the execs posting boo who...If we had your money we would burn ours. Save your comments & books. You all laugh your way to the bank.
- The beginning of the end was when when wireless and landline merged. "It's over Johnny"
- Maybe AI can select a board & CEO that doesn't promote golden parachutes and politically current tears but results. 7 years on the board and now running the helm???? Mentioned he was impatient...7 years watching the ship sink...HELLLOOOOO
- Verizon gives 40 hours sick time. Use them.
- Unless state mandated, pers days won't carry over . Use them
- Every state has its own requirements for termination notification and last payments, understand them.
- Don't underestimate your experience & knowledge.
Executive Board is vindictive towards employees
Layoffs are a distraction to allow the executive board to maximize their own bonuses. And their actions are vindictive towards employees.
The share price is plummeting and is likely to drop below $200 soon. SAP's AI initiative Joule is receiving poor feedback from customers and has less than 5% active adoption rate within SAP. Recent acquisitions like Signavio, Leanix and Walkme seem more focused on pushing their DEI agendas than an actual integration. Development managers are being replaced by hr personnel in HPOM. There is a disconnect in projected profiles due to high order volumes but extremely low adoption rates and upsell. Competitors are justifiably taking legal action over clear instances of copying and infringement. Meanwhile the budget for annual salary appraisals is slashed to an all-time low and there are rumors that bonuses will be capped at 50% next year. The new performance management is giving more power to bad managers and only employees who have a good relationship with their managers can now expect a decent bonus. Free cash flow is funneled into share buybacks, dividends and hefty bonuses for the executive board. Less cash means that employee benefits will lower even further in 2026.
In any other organization, such a situation would trigger a complete board overhaul and the establishment of a solid long-term strategy aimed at stabilizing stock prices and fostering growth over the next five years.
But not at SAP. The executive board seems more inclined to discuss further layoffs and say derogatory and controversial statements in every interaction. Despite all this, they will get the highest bonuses ever.
There are simply NO CONSEQUENCES for their actions. It's disheartening to witness a dysfunctional executive board that prioritizes its own interests over the company's well-being and employee trust.
Execs Only Thread
Any execs on this board?
Tell us what you think.
We promise not to write in this thread.
Gail Boudreaux rumored under consideration for WNBA commissioner
What do you think? Would GB leave Elevance to lead the WNBA?
It Starts At The Top
Please tell me that most C-Suite executives will also feel the pain. They enabled Hans and others to gut customer service and raise prices without adding any real “value” while never stepping foot into a store or call center to see what was really going on. Hans needed to be gone a long time ago but he shouldn’t be the scapegoat!
How come old Verizon execs joined Frontier
a company that once was sold, got bankrupt and resurrected from the dead .... imagine all the cash these guys made/ will be making....
should we be suspicious ?
Will Frontier also face a massive lay off initiative?
Bingo! Dig deep. Find the dirt.
Simultaneously, a separate investigation by the U.S. Senate is examining the company’s financial forecasting practices. Democratic senators are specifically seeking information about former CEO Frank Bisignano’s involvement in developing the allegedly inflated financial projections
3 reasons
Here are the 3 reasons why Verizon will
never live up to its rivals or its own best years from the past.
- Outsourcing CS, IT and other depts
- Everyone wants to be a manager, attend meaningless meetings to say the right things, pointing out all the wrong things that need fixing BUT NOBODY WANTS TO DO THE WORK!! Managers aren’t doing any actual work.
- Nasty debt problem. Execs and board put us in a position impossible to get out of
Executives really believe in the company
Several senior PayPal executives have sold more than $1.5 million in company stock since the October earnings report, leading some to argue that they should be held accountable.
Opposite of layoff
2 big branch divisional execs willingly left/resigned Wells Fargo this year (Cali and the southeast). Who will take their roles? Why does everyone hate Colleen? It’s giving ghetto!
At least Udit is doing okay
Since 2020, Udit Batra’s total compensation at Waters Corporation has grown by about 95%, rising from about $5.7 million in his first year as CEO to more than $11.1 million in 2024.
Batra’s pay is ~132 × the median employee’s compensation, according to Waters’ own proxy disclosures. 
What truly caused this
The disaster that most everyone realized was coming is directly related to the hiring of executives, for lack of a better term, from Sweden, Ireland, India, and Canada. At least two have been under investigation of wrongdoing while being the head of other companies. The next part of the disaster is allowing HR to run the business with its innate stupidity. Another part of the mix is increasing prices and forcing someone within finance to manipulate the numbers by showing increased subscribers rather than terminations based upon the increase. Forcing out the knowledge base within the company. Offshoring customer service and everything else they could get their hands on. This CEO will do no better and the price increases will continue along with layoffs. When something this large is turned into such a mess, it will take a very long time to correct. One common theme that has existed for at least ten years is the executives do not want to hear the truth. Every negative is twisted, turned, and shined so the executives can continue to believe that they are the greatest.
This is from Wireless, but still very much true. OP is @f7+1k9q3zzfe.
Who is/was the best senior leader at Verizon?
Current or previous V-Teamer.
Imagine my surprise when I saw that Craig Barratt was joining the BOD.
No, not that Craig Barratt.
Layoffs due to stock
Terrible executive leadership ki-ling our company
Are ESIL&R's immune to the layoffs?
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Executive Suite In Laws & Relatives.