Do you remember that disastrous interview on CNBC about 2 years back, with the now former Starbucks CEO - Laxman Narasimhan. He was fired shortly after. Interview played a small part, but it's Starbuck's declining performance with him at the helm that drove the decision.
Apart from a short stint at Pepsi, he's worked at McKinsey his whole career. No surprise that the first company he actually got to run, went down the toilet under his watch.
Yet he remains on the Verizon Board of Directors. These are the people making decisions for this company. Highly qualified.