Thread regarding Verizon Communications Inc. layoffs

Sympathy for the Devil

I am a Union worker in wireline.

I have been trying to consider things from Lowell Mcadam's point of view; after all he is a human being too, and someone has to lead our company.

It is hard for me to relate to someone like him, because his salary is so large, that I feel if I worked only 1 year at that rate, I would retire from work, pay off my house, pay off my creditors, pay off my wife, pay off everybody, provide for my children, give some to charity, and take up oil painting.

I suppose I think like a peasant.

I think we all agree that the CEO who leads our company should be paid more than the average worker, no question about it. If there is any question, it is only a question of proportion, maybe it is not that CEOs are being paid too much, but that others are not being paid enough. Every citizen who comes to work every day and does their job deserves our respect. I recently spoke with a lawyer who advocates for workers in nursing homes. Listening to her description of the conditions in some of these residences, and of the very low wages paid to workers there, I couldn't help but think what a shame it is on our society that we warehouse human beings so cheaply, while such exorbitant wages are paid elsewhere, just thinking about it from an allocation of resources point of view, can't we do better than this?

I think when you consider his high pay, and our celebrity culture, maybe our CEO is not so bad. He at least does not wear a futuristic pink spacesuit like T-Mobile's Legere. It is a bad idea however to have CEO's feel that they are more important personally than the President of the United States. That was not the thinking of the Old Company we all worked for.

I think maybe Lowell is not so much a bad CEO, the problem is he has a conflict of interest. He may be a good CEO for wireless, but he is a terrible CEO for wireline. Maybe you can't blame him. Maybe to be the best wireless CEO, you would try to kill wireline. It only makes sense right?

The best solution would be to divide the company, to allow Lowell to work in wireless which is his wheelhouse, and let someone else run wireline. Really it should probably be two separate companies.

Our nation needs both wireless and wireline. I hope the company will be sold or divided before more damage is done.

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| 1175 views | | 11 replies (last April 27, 2016) | Reply
Post ID: @OP+H7qvaSQ

11 replies (most recent on top)

"It's not like CenturyLink or whoever is going to give them Vz type benefits."

Century Link hasn't bought any of the previous VZ territories and they won't do it now, since they won't get them for pennies on the dollar...this is not bankrupt Qwest.

Frontier is running neck-to-neck with VZ when it comes to benefits in the unionized areas. Check the contracts for yourself if you don't believe me.

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Post ID: @eid+H7qvaSQ

Good post. I think most people realize that it is likely that Wireline gets spun off. So how to make it look as attractive as possible to a CenturyLink or Frontier so Vz gets top dollar? Reining in the union some would go a long way. As is, that's one heck of a chain around the neck. Too bad for the union folks but there's really not much of an upside for them in this all. It's not like CenturyLink or whoever is going to give them Vz type benefits.

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Post ID: @wdi+H7qvaSQ

Best post I've read on here in a long time.

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Post ID: @csb+H7qvaSQ

I am not union but it is well written and I agree a lots of points you make. We need change the way this country is now.

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Post ID: @ivq+H7qvaSQ

The problem with the long term strategic business plan is it doesn't include the employees well being. The proof is what we've experienced under this CEO.

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Post ID: @qsv+H7qvaSQ

My opinion is that the yes men and women that surround a person such as Lowell enable the poor decisions that are being made. No one tells the emperor he has no clothes on.

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Post ID: @nav+H7qvaSQ

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Post ID: @tde+H7qvaSQ

There is a long term, strategic business plan in place. It may include selling wireline. If it does, the best way to make it attractive is to get a more competitive union contract in place. Period.

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Post ID: @cke+H7qvaSQ

Interesting article about the pay gap between CEO's and workers. It compares the US CEO's with the CEO's of other countries.

For anybody who cares to read it

http://www.bloombergview.com/quicktake/executive-pay

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Post ID: @bam+H7qvaSQ

BTW, I understand where you are coming from. I tried to rationalize these things a good while back. Never came to any sound reasons though. Moved on to the nature of reality..

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Post ID: @eoq+H7qvaSQ

There are dark (DARK) powers that have great sway this world and they manifest in greed. Don't ever forget that.

Everybody would like to live a nice life and die a respectable death knowing feeling proud of what one day we will leave behind. Only a few (1%) want more.. and more.. and more.. AND MORE!!!!!

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Post ID: @gtb+H7qvaSQ

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