https://www.bloomberg.com/news/articles/2019-11-08/frontier-communications-seeking-new-ceo-ahead-of-restructuring
15 replies (most recent on top)
How does a board of directors let this happen in the financial crisis this company is in. Stock option payday is where the CEO has his mind, lets try and drive up productivity so he can make millions before bankruptcy. Glad the employees lost incentives so the CEO could line his pockets with money
From Salary dot com. These are the numbers for McCarthy
"As President and CEO at FRONTIER COMMUNICATIONS CORP, Daniel J. McCarthy made $7,135,383 in total compensation. Of this total $1,000,000 was received as a salary, $1,460,175 was received as a bonus, $0 was received in stock options, $4,665,667 was awarded as stock and $9,541 came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year."
"Instead of voicing your concerns on website, why don’t you bring it to the source. I’m sure they are just as worried about losing there job as you are."
Techs have brought this to managements attention and are now under daily investigation of their work routines.
Yeah that didn't work.
The article is speculation not a guarantee although it should be
They were going after techs with seniority that had pensions. They wanted to fire them or wanted them to quit. At the same time the newbies that didn't do anything right and closed out c-ap work didn't even get a question even after bad surveys. That's discrimination and still cant believe FTR was this stupid. Danny boy needs to go for letting that happen.
Instead of voicing your concerns on website, why don’t you bring it to the source. I’m sure they are just as worried about losing there job as you are.
They attack us from every which way to see if we fold. The stress that they put on the older workers is sickening. They now want us to agree to terms and conditions before we can sign into certain informational systems. Another way to move on you to get you out of the door.🤔🤔
Funny how employees with 15, 20, or 25 years never had discipline issues until now.
Everyone somehow was wrong for doing their job even though they never had problems previously.
Some of the field coaches (Lcoms) might be worth keeping but most of the management above them need to be gone. The ones that have followed thru with McCarthys micro management/ disciplinary program of employees need to pack their bags.
Directors are the main source of the bad moral around here, if the company has people in place to relieve them of their positions, the company needs to start moving the directors out.
No sell off is ever bringing this company back to manageable debt load. 7 billion in the hole before the CTF purchase and now 17 billion after. The name Frontier is tainted now and customers will refuse to do future business because of past dealings.
What happens to field coaches? LCOMS
I am guessing they will sell off alot of pieces to get a manageable debt load
Too late the damage is already done. The ship is sinking and too far below the waterline already to be salvaged. Massive debt and never ending subscriber losses mean the company is essentially worth ZERO. Bankruptcy followed by a government bail out or takeover is on the horizon.
First step in the right direction, more than him need to be replaced.
I’m sure he will be getting a nice payout to leave.