has anyone bothered to read up and him and his prior position at Ericsson?
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I read all about him. I should have been CEO, not this dumb foreigner. I'm so bitter.
"Hatchet man or not, this company survived the 2003 buyout"
Verizon is not too big to fail. The real AT&T is history. One of its babies can go down the tube too.
I only wish that Hans showed as much enthusiasm for growing the existing businesses (the ones bringing in billions and billions of revenue) as he does for pouring cash into some nebulous FIVE GYEE enterprise with an ambiguous date and quantity of return. He doesn't strike me as having the same respect for running an ultra-reliable and critical piece of US infrastructure like his predecessors had. I have some real fear and concern for his ability to operate a major telco that is 10x the size of the company he was ousted from. :(
you know what? Hatchet man or not, this company survived the 2003 buyout and it will survive this one as well. I can only hope that those of us who choose to go will have a much more peaceful life.
I don't believe there is such a thing as employee loyalty in any public corporation. They all bow to the shareholders. Fact of life, like it or not.
@S-sdu
What makes you imagine that Hans had anything to do with engineering 5G at Ericsson?
When he came to Verizon, all he could do in the first All Hands Meeting is whine about how his goal in life was to become a professional handball player, but -- alas -- he didn't make it.
If you're a girlfriend (or boyfriend) of Hans, be classy -- get a room and keep it off this layoff information site.
When it comes to business, he's a paid hatchet man. After he mutilates Verizon, he'll take his golden parachute and go mangle another corporation.
"He only comes from an equipment company that will dominate in 5g"
Well -- maybe for Ericsson -- the jury is still out. A couple of weeks ago hundreds of birds fell out of trees, dead, during a 5G test in the Netherlands. And that "equipment company" sent Hans packing BEFORE those claims starting surfacing. (I.E. after Hans was fired from Ericsson.)
And stop using the word "haters". It makes you sound so Millennial and yesterday.
He only comes from an equipment company that will dominate in 5g. Does anyone think the glass is half full anymore? Bunch of haters and disgruntled employees on this site.
So it makes sense that He'd bribe 44,000 employees to GTFO
Some of you haven't read up enough.
While Hans was CEO, Ericsson 'allegedly' engaged in bribes throughout Asia and EMEA... they are currently being investigated for violating the Foreign Corrupt Practices Act. It is believed he was fired from Ericsson when this came to light.
Sounds like what happened at Dunder Mifflin. Michael Scott took the fall for the executives. It was a travesty.
Al Dunlap redux:
Albert J. Dunlap
Born Albert John Dunlap
July 26, 1937 (age 81)
Hoboken, New Jersey, U.S.
Nationality American
Other names Chainsaw Al (Nickname)
Education West Point
Occupation Retired Corporate Executive
Albert John Dunlap (born July 26, 1937[1]) is an American corporate executive. He is best known as a turnaround specialist and professional downsizer, although it was later discovered that his reputed turnarounds were elaborate frauds. The ruthless methods he employed to streamline failing companies, most notably Scott Paper, won him the nicknames "Chainsaw Al" and "Rambo in Pinstripes". However, his career was effectively ended after he engineered a massive accounting scandal at Sunbeam Products, now Sunbeam-Oster, that ultimately cost that company its independence. He is barred from serving as an officer of a publicly traded corporation in the United States. His widespread layoffs and accounting frauds have put him on several lists of worst CEOs.
If nothing else and from what I have heard an outside CEO that has no previous history with a company typically has a much easier time make a lot of changes and especially employee reductions than someone who has a history with the company.
This is the first time I have seen an outsider appointed who had no history with Verizon or a predecessor. That should tell you something.
Hans and his history was another factor in deciding to take the package. Time will tell.
Hatchet man.
yah, that is why he was hired..duh?
They probably gave him this job based on that experience i.e. experience in cutting
Yes.