@a3: Shankar, the Shank, out but going laughing all the way to the bank at the employees and shareholders' expense.
27 replies (most recent on top)
@p1: agreed!!! Need to identify these foreigners, Asian-Indians, who continually helped Shankar to keep his job -- but now they have been left behind and are in the swamp with hungry alligators.
Rampant nepotism, cronyism, and brown-nosing weakened VZ's corporate performance by eroding the foundational systems that drive effective decision-making and long-term value creation. This rot has been at VZ even before Shankar's time but it got real real worse during his regime, under his watch. But for sure, he will escape culpability for his actions and support. When a lot of these individuals were rewarded based on personal relationships or flattery rather than competence, the company was bound to experience a decline in overall talent quality. This in turn undermined the operational efficiency, innovation became non-existent and pretty much led to suboptimal strategic choices that directly impacted profitability. Shankar and his cronies were obsessed with positioning, kingdom building and navigation rather than worry about shareholder value.
Their behaviors also damaged internal culture. It is so true that "Culture eats strategy for breakfast". The toxic culture that this guy spearheaded top-down where none of his cronies could do anything wrong and everyone else could do nothing right was the final nail in the coffin. I personally observed a lot of high-performing employees become disengaged or leave when they saw advancement tied to favoritism and brown nosers rather than merit. The resulting turnover significantly reduced the talent pool as well as institutional knowledge. The employees left behind often adopted risk-averse behavior, hesitated to raise concerns, and stopped challenging poor ideas.. i even noticed some encourage bad ideas just to try and get perverse pleasure out of watching these fools crash and burn. But they never did coz Shankar was always there to save their butts. This further deteriorated productivity and decision quality.
In public markets, these internal dysfunctions ultimately manifest as weaker earnings, lower growth potential, and a discounted stock price. We have all seen it. Is anyone surprised ?
This rot is not just limited to IT though, although it was most prevalent in IT. HR was ineffective and had no power either. The impunity with which these so called leaders operated within a Fortune company is beyond my comprehension.
The new CEO has a serious challenge on his hands. This necrosis needs to be completely carved off to the bone to stop further spread and infection. Hopefully, he has the ba--s to do which Hans couldn't.
Vivek G, Sudarshan, Seb, Pranay, Rahul Murali and all you other brown nosers, your chickens are finally coming home to roost. Adios and good riddance.
@a1 wellsaid, colapse of cousin kingdom
@nh oh yes... Whatsapp was exploding with celebratory messages. Only disappointment is that Seb will be around until Feb
Biggest good riddance is Seb. I heard teams under him threw parties today.
@bd: who else needs to go, I am absolutely writing a letter to Schulman!!! Cannot hurt me anymore...
@OP: is Vivek still gainfully employed at Verizon???
@b7 share names or initials of band 4 and 5s, those under old VGS or GTS orgs that are getting a good bye.
Shankar, an SVP, and 3 VPs... the bloodbath is in full effect.
@ag where did you his goodbye email? Or was it a a sarcasm?
About time. Unfortunately, the damage is already done.
As long as Vivek and his cronies are around, nothing will change.
I was so disappointed that the announcement didn't include Vivek's departure as well.
So yeah, happy he's out - incredibly inefective. But the real problems in IT have manifested big time in the people he kept around himself
All INDIANS (South Indians to be specific) must go!!!!
Vivek can flip burgers at the local McDonalds
Shankar just wrote a goodbye email and said his biggest accomplishment was establishing Verizon India. Kick rocks bozo!
Take Sampath too
All IT i hear will be outsourced. Vz india will entirely goto a vendor.
Ding do-g the witch is dead
Might as well include Band 4.
Now is the time to assess Band5 leaders for the aptitude for a professional executive role.
Many would score embarrassingly low for fundamental communication and people skills, let alone leadership, fiscally responsible acumen to be in charge for a portfolio.
His gang from Dallas also should go
I guess his annual performance review didn't go well?
It came too late , the company is in shambles largely because of him , Good Riddance !
Why does anyone think it will be any different without him....this company is sinking fast....sad really
Outsource jobs to India, Much innovate! good riddance to these kinds of "contributions"
Now let Kalyani, Sudersan, Vivek, and Shankar boot lickers also thrown out of VZ
Thank you!!! Good riddance Shankar is gone
Shankar only wanted to outsource! Horrible man!
Get Sampath out too
Finally, the end of one the empires built unethically.