Is not because of poor net adds or gained AI efficiencies but to finance the Frontier acquisition. Maybe if Lowell hadn’t squandered 10 billion on AOL and Yahoo we would all be enjoying this holiday season. Poor decisions by leadership with regards to spectrum purchases and failed mergers is why many of us will see our lives disrupted.
8 replies (most recent on top)
TRUTHBOMBS! This post and all the replies should be sent to the new CEO.
It’s not the billions wasted, it’s your little paycheck that needs to be cut to save the company. How about some competent management that doesn’t raise prices when the economy is doing poorly? That is no way to reward loyal customers.
@aa don’t forget Terremark..
spending $1 billion in development of a Cloud Platform… deciding Cloud is not for us, shutting it down and flogging 200 odd data centers to Equinix and IBM..
Recently heard during a C level meeting: "Return on Invested Capital? Silly Rabbit, tricks are for kids! Hahahahahahah! Good one Tony! Frank go cook up some new stupid partnership agreement."
Is there single acquisition in the last 15 or so years that was successful?
Other than getting the iPhone 4 years too late, is there a single new / diversifying product thats been a game changer?
Where is IoT and fourth industrial revolution that was promised?
Why did they hire some knit wit futurist like David Shing? Look that clown up.
Why did Da-o Scooti get to hire a Chief Creative Officer (a Lexington Ave type) clown with no direct reports? Teaching finger painting.
Why did we onboard senior positions from people from the likes of Behr Stearns and Leham Bros after 2008?
Why are Lowell and Ivan still in About You? They are STILL getting paid.
Senior leadership has treated this place like their personel play pen. Wasting billions, hiring cronies and smooth talkers.
Why has no Sr. Leader been accountable for failure after failure?
The seeds of the downfall were planted years ago and it keeps accelerating. VZ was a victim of its own success and hubris.
Regards,
VSP Class of 2025
Endless failures…
- mci running Vzb
- Redbox
3.GTE Genuity
4.AOL ( although Tim Armstrong got $50M) - Bluejeans
- Verizon App Store trying to compete with Apple
- Lowell and Shamoo mocking John Ledgers Ounk shurts vwrsus dominating
- Hans hiring DEI fconsumer Oresisent for 6 months
9 etc wt
Every decision Verizon made was wrong
@OP didn’t we waste like $400 mil on that stupid BlueJeans software for it to be 86’d a few years later?