C level folks who left VZ in last 6 years with more than a million dollar golden parachute under the tenure of HV.
The stock price plummetted from $65 to $41.
TMUS has gone up from $30 to $180 within the past 6 years.
Million dollar payouts for flawed decision making by C level , reflective of the wealth eroded at VZ.
Wealth erosion- 4.2 billion stocks *$24
Debt -$145B
Enterprise value down to $172B
Comments !!
2 replies (most recent on top)
Don’t forget the Trac aquisition
They have spent foolishly on AOL, Yahoo, GO90, etc. but more damning is allowing external consultants with half baked ideas that they are paid handsomely regardless of the outcomes to Verizon's success. Where I work Deloitte and 1ERP are a never ending cash su-k. VLC members would rather listen and pay to listen to consultants than their own employees. PwC spent 10s of millions telling teams how they could outsource most functions with no regard to data security.
Not trusting your own dedicated people is a major slice in the death by 1,000 cuts.