So rumor has it that Hans' meeting on the 25th with members of the BODs is to announce his stepping down. Anyone heard anything?
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@1zw "BlackRock will tell Hans to go", when Howie Lutnic, Scott Bessent, Brendan Carr, and Donald Trump tell them.
The Fat Lady is getting ready to belt out some classics, especially since the prior jobs numbers were recently and radically written-down.
Hans is on borrowed time and BlackRock is frightened.
Hans will go when Blackrock tells him it's time to go, no earlier.
I think they are obligated to trot out the BOD once a year. It’s that time. I just hope they don’t announce another three year deal for Hans or anything.
@s1 Nah, Hans is done, between having absolutely NO friends at the FCC or in the Trump Administration to posting the worst numbers in telecom and in VZ history.
5 year returns
VZ (26%)
AT&T +35%
Dow +65%
S&P +97%
TMUS +117%
Hans, Sampath, and their whole crew absolutely SUK! They have not made on single right or correct decision over the past five years.
Just a cheerleading session, read: waste of time.
Most of the Verizon BOD is comprised of BlackRock picked EEO execs. Almost none of them add any value to the company, and almost all of them and their wokeness have destroyed value.
It doesn’t matter who is in charge. They are executing the BOD’s strategy. This will continue until the transformation is complete.
Given that Stratton is Ex Chairman at Frontier, this could set the stage for his departure. Remember, the BOD chose Hans over Stratton as CEO, and Mudge left before that, ended up at Brightspeed. Also, the latter has been pushing fiber to rural areas hard.... so that combo would make sense given that Frontier still has a lot of rural areas not covered by fiber.
I've been told the same. Bobby Mudge is coming back.
The stock will pop when his resignation is announced. If Sampath is announced as his replacement the stock we drop 50 cents to a buck. If both are gone, it will jump almost 5 bucks.
This is why Hans will be stepping down or get thrown out.
Over the past five years, the S&P500 is up 97%
But VZ is down 26% over the same period
This is also why Sammy the BullS er will NOT be his replacement.
This management team totally sux!
Impossible. He’s the greatest CEO there’s ever been!
@OP
Verizon has been under Hans Vestberg’s leadership for more than six years. In that time, the company hasn’t moved forward in a meaningful way. The stock has been stuck in the same range, employees are worn down by endless “restructurings,” and the strategy feels more about managing decline than building growth.
The numbers speak for themselves. Verizon’s share price has been flat while rivals like T-Mobile have reshaped their story and won market share. Yes, the dividend is healthy — but it’s become the main reason to hold the stock, not a reward for a company on the move.
The 5G gamble is another example. Billions were poured into high-band spectrum, and yet consumers never saw the promised revolution. Meanwhile, competitors told a different story and pulled ahead.
And inside the company? Thousands of jobs have disappeared through buyouts and layoffs, but what’s really changed for customers or investors? Cost cutting has its place, but without a growth vision, it’s just treading water.
At this point, investor patience is thin. Employees deserve clarity. Customers deserve ambition. What Verizon needs is leadership that can reset the narrative, re-energize the workforce, and give the market a reason to believe in the next chapter.
It’s not about pointing fingers — it’s about recognizing when a page has turned. For Verizon, that time is now.
probably a strategy meeting to keep Stratton from going for the top spot
One can only hope
What a great idea it was to hire a ruling class globalist that isn’t even an America citizen. Just a few years ago he created Verizon global services with the specific purpose of offshoring as much work as possible. The frequency of reorgs has created a workforce of both burnout and laziness with no accountability. It’s a shame what a once great American company has become.
One can only hope. The entire Board of Directors is responsible for keeping him in charge. They have the power to oust him ! Why aren’t they speaking up?
@bd I see what you did there. 👍
Hans Down, the fakest news.
He'll stay till mandatory retirement age. He's got too good a deal to leave for anywhere else, and BOD isn't going to force him out.
I bet that Hans is gone following the Frontier closing. DEI & WEF were all the rage under the prior president, but a stick in the eye to the current president and suspect to the FCC. Time for him to collect his ill gotten gains and go home!
I recall another meeting like this in the past year or so and it was just another meeting. Nothing special
Nah. Prob the closing of the Frontier deal
wondering same