Thread regarding Verizon Communications Inc. layoffs

Note: but whether they fully "helped" is mixed, as Paypal continued restructuring and facing competition, with Schulman moving to Verizon. shortly after.

Dan was brought in short term to do what Ivan could not do

Seems like this is Dan's life plan.
Become CEO of a struggling company. Make a deal that if he increases stock/creates cost savings, he will get a multi million dollar bonus. Cuts thousands of employees who actually do the work. Makes it look like the company is saving money (...in the short term). Dan collects his multi million dollar deal. Steps down as CEO, and onto the next company.
The guy doesn't know how to MANAGE a company, he just has selfish ba--s!

I've been in with Verizon before the merger of GTE and Bell Atlantic. Ivan Seidenberg is our basically Verizon's first CEO and a very good one. Unfortunately his vision to diversify Verizon by adding data centers to the portfolio and cross training technicians for efficiency did not last. When Lowell McAdams took over in August of 2011 he eventually paid $130 billion to buyout European cellphone company Vodaphone which was completely unnecessary since Verizon had a majority stake. Since Lowell came from Verizon wireless and that was the crown jewel, in his mind the future was wireless. We sold the data centers that Ivan had purchased and our cell tours to help pay for Lowell's acquisition. Well the future maybe wireless but the ROI that existed at the time is long gone. There are the big 3 but 100 smaller and more nimble companies are eating their lunch. In 2011 it was decided that Verizon would no longer service PBX customers since wireless was the future and had the big ROI. So Verizon fired their PBX customers. To quote Peter Drucker: As he famously declared, back in 1954, in his classic, The Practice of Management: "The purpose of a business is to create and keep a customer." This is simple yet profound statement encapsulates Drucker's philosophy: that businesses exist not merely to make money, but to serve and satisfy the needs of their customers.
So wireless ROI is going the same way long distance calls went...DOWN. Had you kept your customers you could still package VOIP business phone service, wireless, and data. I guess Schulman should realize that Verizon is not Paypal. Taking advice from management that led us down this rabbit hole is grossly negligent. You do not fire the talent you have and keep layers of inept management making a fortune and giving you bad advice. The technicians you have separate you from the competition. As a long time employee I hope he realizes common sense.