http://www.bloomberg.com/news/articles/2016-09-01/verizon-finance-chief-shammo-to-retire-succeeded-by-ellis?cmpid=yhoo.headline
17 replies (most recent on top)
This will now be the morning workout routine of the Verizon Finance organization, led by the new CFO, watch below
https://www.youtube.com/watch?v=Hb9FwlubyIQ
A Mexican Chicken Accountant is taking over VZ Telecom Finance ? It's not what you know, it's who you blow. This is so hysterical....
@wia douchebag, everything after ".html" is garbage. Leave it off next time
Uh Yeah - the $20 million dollar EISP...
Maybe he got the EISP
Shammo is 55 years old and retiring as a VERY RICH man ....If this is not a sign for sinking Titanic, I dont know what is. management employees , dont be flim-flammed, When (Not If) a RIF happens this year , take the money and run. The next "Owner" of Verizon will just kick you to the curb
It is about time that they pushed this foul mouth POS out! He truly was nothing but an accountant with little real understanding of finance. His replacement is significantly smarter, nicer and more respected.
To be replaced by a guy who sold chicken up until three years ago.
The first rat to jump!! Lowell should be next. They have totally ruined the culture, non-stop RIFs, massive debt....it's a mess!!! Wireless use to be the exciting unit - no more, it's for the zombies. I feel sad for employees who are left to deal with these incompetent leaders.
When a ship starts to sink, it's usually the rats that jump off first.
He knows...... it has been sinking for sometime.
gotta wonder what he knows and maybe he's jumping ship because of it.
Shamwow said, "This is a great time for me to make this personal move. For Verizon, 2016 has been a significant transformational year, and I will leave knowing that the company is well-positioned to deliver on its strategic initiatives."
Yeah right the company is well positioned. You maxed out the company credit card with McDuma$$ and now your going to bail out before the whole thing implodes. Verizon is leveraged so heavily, I predict a huge cash squeeze when the Fleetmatics are Yahoo bills are due.
Selling device payment debt bonds and somehow convincing wall street, like some snake oil salesman, that $110 billion in debt, more than any other corporation in the world, is a great thing.
Recklessly buying up old tech companies in hopes of somehow going head to head with the likes of Google, Facebook and Apple in hopes of being one of the cool kids that woos millennials. Good luck with executing on that from your decrepit Basking Ridge $hit pile which by the way you sold off and leased back along with your ENTIRE wireless network.
Shamowow the clown, the cow, the total Sham working Verizon like it was The Big Short.
Your legacy will be you destroyed a once thriving, successful company, ruined tens of thousands of families with your RIF's, all while bending over the American consumer so they could take it up the a$$ making Verizon one of the most hated brands on earth. Jolly good show SHAMOOOO!
They all will probably start jumping ship ..their at that age .they will all take their golden parachutes and jump off the sinking ship..this company is worth about 226 billion and they put it into 180 billion in debt with all their acquisition that haven't made squat for the company so he is the first to jump ship.i hear that their so called 5g faux fios is no so great as they say it is ..if that goes by the way of the crow flies then they all will be jumping ship together as they land on their private island with their golden packages..then the rest of the company will be trying to reinvent themselves in order to please wall st
Useless Stratton will be next soon
Yeah. He needs to get out before his shady account practices are uncovered by the government. Smart move Shamwow...
More details here
http://finance.yahoo.com/news/verizon-cfo-fran-shammo-announces-200200401.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZAMwbGJvcjc5YnNoNW5kBGcDZFhWcFpEeHVjejR4T1RWbFlUZ3lZeTAzTTJVM0xUTXlZemt0WW1Nd015MWlNalF5WWpsaU5qTTJOekE4Wm1sbGJHUStkbm89BGxhbmcDZW4tVVMEb3JpZ19sYW5nA2VuBG9yaWdfcmVnaW9uA1VTBHBvcwMyBHJlZ2lvbgNVUwRzeW1ib2wDVlo-?.tsrc=applewf