#ceo

Anyone who worked with him when he was in lower positions, was he always this heartless and uncaring towards others? Did he grow into it or was he always terrible? Ive only been here a couple years and he's a monster in many ways.

AT&T (T) chief executive John Stankey will speak at Tuesday’s UBS Global Media & Communications Conference where he will discuss the company’s network and financial outlook.

Besides the mid-band spectrum the company agreed to acquire from EchoStar (SATS), AT&T (T) expects to continue to accelerate the pace of its fiber reach through an agreement to acquire substantially all of Lumen’s (LUMN) Mass Markets fiber internet connectivity business.

This transaction is expected to close in early 2026 and will enable the company to reach more than 60 million total fiber locations by the end of 2030.

The company said it is also on track to achieve its 2025 financial goals and return $4 billion to shareholders through share repurchases in 2025 and $20 billion of share repurchase capacity during 2025 and 2027.

This includes consolidated service revenue growth in the low single-digit range, adjusted EPS in the higher end of $1.97 to $2.07 range, and adjusted EBITDA growth of 3% or better.

Subscriber net additions to its mobility business will be higher during the second half of 2025 than it reported during the first half, including an expectation for seasonal trends in net adds during Q4.

Additionally, AT&T (T) expects its net debt-to-adjusted EBITDA ratio will return to its 2.5x target within roughly three years of closing the EchoStar transaction and achieve “strong free cash flow” from the Lumen and EchoStar acquisitions.

Full article pasted below.

https://www.chicagobusiness.com/health-care/hcsc-top-execs-got-big-raises-2024-despite-income-drop

Top executives at Health Care Service Corp. received hefty raises, including multimillion bonuses, in 2024 despite a 54% drop in net income for the parent of Illinois' largest health insurer, Blue Cross & Blue Shield of Illinois.
CEO Maurice Smith earned $34.4 million, a 23% increase from the previous year's total compensation of nearly $28 million, according to financial records obtained by Crain's through a Freedom of Information Act request. Smith's salary in 2024 dropped by $161,000, but he pulled in nearly $33 million in bonuses. The double-digit pay raise in 2024 followed a 26% raise from 2022 to 2023.
The raises, which are in line with traditional hikes in salary and bonuses at Chicago-based HCSC, came at a time when insurance premiums were skyrocketing and health care costs continued a decades-long escalation.
The pay hikes also came during a year in which HCSC recorded an increase in total revenue from $54 billion in 2023 to $62.8 billion in 2024. However, the company saw its own benefit expenses and administrative expenses rise and its insurance underwriting post a loss of $572 million dollars, compared with a gain from underwriting in 2023 of more than $1 billion. All that led to net income of $659 million, down 54% from the $1.445 billion in net income in 2023.
Smith's compensation eclipses his counterparts at publicly traded, nationwide health insurers.
The average CEO compensation across seven leading companies in 2024 amounted to $20.9 million, up 1% compared with 2023, Crain's sister brand Modern Healthcare reported.
Total compensation increased for the chief executives of UnitedHealth Group, Cigna, Centene and Molina Healthcare, while it declined for the CEOs of CVS Health, Elevance Health and Humana, according to filings with the U.S. Securities & Exchange Commission.
UnitedHealth Group CEO Andrew Witty led the pack with $26.3 million in compensation. His compensation rose 11.9%. Cigna President, CEO and Chair David Cordani and Centene CEO Sarah London saw double-digit percentage increases in their total pay to $23.3 million and $20.6 million, respectively.
The 10 highest-paid employees at HCSC received a combined $104 million in 2024, up about 17% from 2023.

Let’s be real the whole “V Team” notion is a joke.
The new CEO walks around sipping his coffee talking about at least when Verizon lays off people before Thanksgiving, they don’t do it by text message they do it by a phone call. Yay, thank you Dan. This guy is so full of himself.

Then he lets you stay on the books to work during the holidays while the people who stay talk about holiday parties, your mgrs ghost you and you get quietly removed from team calls. Gotta love it. I hope the people who made it, are watching how the laid off ones are being treated. It will probably be worse next time under this new CEO’s regime.

With the plan of divesture and consolidation and rationalisation etc, will the new CEO just continue along this path ?

Could the CEO change course again ?

BK?

Verizon’s Mass Layoffs Were ‘Inevitable,’ CEO Says. What the Telecom Wants to Do in 2026. By Karishma Vanjani - Dec 05, 2025, 4:49 pm EST

Verizon announced its largest-ever round of layoffs, cutting thousands of jobs last month. Now the telecom’s new CEO is explaining the cuts—and laying out the path forward for remaining workers.

Chief Executive Daniel Schulman hosted a live all-hands employee webcast on Friday, the company’s first since announcing it’s shedding more than 13,000 jobs. Holding a cup and wearing a dark shirt while standing in front of the red Verizon logo, Schulman was blunt. A video of the webcast was seen by Barron’s.

“We’ve lost like 500 to 700 basis points of market share in the last five years,” Schulman said. “And by the way, that puts pressure on a lot of things. It puts pressure on our revenue. It means we have to compete harder. We start raising rates and when we start raising rates, you start irritating customers big time. They start churning. Like our churn is up like 20, 25 basis points since we started raising rates.”

Customer satisfaction scores are also not great, according to Schulman. “They are worse than our competitors,” he said, adding that the fault is partly Verizon’s. The telecommunications giant didn’t offer employees the “financial flexibility” to get things done, he said.

“A lot of it is self-inflicted wounds. A lot of it,” Schulman said.

The decision on mass layoffs was “inevitable,” according to Schulman, “because if we don’t have enough money to put back into our value proposition to customers, we are going to continue to shrink.” Making small cuts would have meant doing something quite large later on, he added.

Schulman said he presented the company’s 2026 turnaround plan during his first board meeting as CEO this past week, and has plans to detail it the next time he talks to the Street, a likely reference to analysts who cover the company. Schulman will probably share more during Verizon’s fourth-quarter earnings call on Jan. 27.

Verizon didn’t immediately respond to Barron’s request for comment on the plan or the layoffs.

Investors, however, can put together some clues. In late October, Schulman said he intends to use “AI as a key tool to simplify offers.”

That same month, Schulman said in a call with employees, according to a transcript reviewed by Barron’s, that “a lot of the friction occurs because we’re so complex. Like we have so many different promotions out there.”

Verizon will also likely make customer service a focal point in the new year. Schulman, who called himself an overachiever and an upfront man in Friday’s webcast, shared a story of a terminally ill cancer patient who he personally contacted after the man reached out trying to disconnect his Verizon plan.

“Everybody gets terrible customer service across every industry, it’s so bad right now out there. And what if we empowered our reps to do the right thing,” Schulman said.

Verizon has its work cut out for itself. Having a good network connection is no longer a differentiator—and that is forcing the telecom to try to find another way to standout amid a competitive landscape. Shares have taken a beating: Under former CEO Hans Vestberg, who will now serve as a special advisor until October 2026, Verizon stock fell 15%. Shares have dropped 6% over the past three months.

Earnings before interest, taxes, depreciation, and amortization, or Ebitda, largely remained stable under Vestberg, who took the reins in mid 2018. Ebitda in 2024 was $48.8 billion, up from $47.2 billion in 2019.

The latest Thanksgiving was strong, Schulman said during the webcast. Separately, he said he sees an opportunity in helping hyperscalers—large cloud service providers—connect to data centers.

Schulman wished his employees happy holidays at the end of the webcast. “Don’t forget about finishing the fourth quarter strong,” he said.

Paywalled: https://www.barrons.com/articles/verizon-layoffs-ceo-stock-price-1e8ee33f
Paywall Removed: https://archive.is/XvQ4k

Comments:
Scott Colebank
Many investors remain in this stock because the dividend yield is appealing and the company has a long record of increasing its payout. With a new CEO taking over, there is uncertainty about how highly he prioritizes maintaining or growing the dividend as he works to turn the company around.

Whitham Reeve
Both the CEO and the company have avoided addressing the dividend directly. This silence is viewed by some investors as a sign that management may consider cutting or reducing the dividend without drawing attention to it.

CM C
The incoming leadership appears to be focusing on operational discipline, which is overdue. Schulman faces the challenge of repairing an organization that, under Vestberg, struggled with efficiency. The previous leadership period included high capital spending, unnecessary complexity across business units, and frequent strategy changes that diluted focus. Vestberg also earned eight figure compensation despite weak performance, which frustrated many shareholders.

Bill Letson
As wireless service becomes more like a commodity, carriers often engage in price competition to retain or attract customers. This compresses margins and can erode long term value. Because of this dynamic, the commenter sees Verizon as a value trap, meaning the stock appears cheap but may not deliver meaningful upside.

MATTHEW MENENEBERG
This user experienced billing issues in which Verizon added charges for services that were not requested. Removing these charges took months and no refund was provided for the incorrect billing period. Because of the frustration and lack of customer care, they plan to leave Verizon soon.

Houyhnhnm GT
The commenter has been a long term holder who has waited through multiple promises of improvement. The ongoing lack of meaningful progress has tested their patience, and they plan to give the company only one more year before selling if results fall short again.

George Vernile
This investor highlights the substantial dividend income they receive, about four thousand dollars every quarter. They remain committed to holding the stock because the steady income is valuable to their portfolio.

Anything other than the ability to blindly cut from one Q to the next?

https://about.att.com/story/2025/stankey-ubs-conference.html

With everything going on in Telecom wonder what will be addressed.

https://timesofindia.indiatimes.com/technology/tech-news/ibm-ceo-to-google-amazon-microsoft-and-other-tech-companies-does-not-make-sense-to-/articleshow/125804195.cms

Buy for a dollar, sell for fifty cents, and create a trail of debris with wherever you go. Like sending in Andrew Dice Clay and Maitland Ward to the Baptist church to give sermons and organize the socials. Bernie Madoff will handle the collection plate and funds.

https://www.phonearena.com/news/verizon-layoffs-not-enough-to-turn-things-around_id176364

Literally he just talked about is life and growing up for a quarterly meeting, seems like she's trying to pass on the crown to him

CEO Dennis Mathew’s said TWO weeks ago that the Optimum name is more than a name change, it’s who we are and where we are going, and that the organization was deepening its commitment to customers, employees, and the communities it serves. LOL. What a lying sack of 💩. Guy said that knowing this was happening. He can never be trusted again. Management’s word is meaningless. Hapless man, garbage company.

IBM CEO Arvind Krishna argues that at current infrastructure and energy costs there is effectively no way for the current wave of AI data center spending to earn an adequate return. Using back-of-the-envelope math, he estimates about 80 billion dollars to build and fill a 1 gigawatt data center, implying around 8 trillion dollars in total commitments if the world builds roughly 100 gigawatts of AI compute capacity.
• He says 8 trillion dollars of capex would require roughly 800 billion dollars of profit just to cover the cost of capital, and notes that AI chips depreciate over about five years, meaning they must be heavily utilized and then replaced, further straining economics.
• Krishna openly disagrees with Sam Altman’s belief that such spending will be paid back, framing it as a belief or bet rather than something he accepts.
• He is very skeptical that current large language model technology alone will reach AGI, putting the probability at only 0 to 1 percent without a new breakthrough. He thinks AGI will require additional technologies, such as combining LLMs with more structured or hard knowledge, and even then calls it only a “maybe.”
• Despite this, he is bullish on present-day AI, saying current tools can unlock trillions of dollars of productivity in enterprises, even if they fall short of true AGI.

The company as a whole may be doing OK, but North America has been in a down hill spiral since the appointment of the current CEO. Changes need to be made, some may be unpopular ,but the reputation is terrible, of what was once a respected company.

Curious with the recent spate of telelcom CEO changes, wondering who's next in line for T throne? Thoughts..

https://www.msn.com/en-us/money/companies/ford-workers-told-their-ceo-none-of-the-young-people-want-to-work-here-so-jim-farley-took-a-page-out-of-the-founder-s-playbook/ar-AA1Rm4Kk?ocid=winp2fptaskbarhoverent&cvid=33ecd332359944accd2916f4674dbd4a&ei=13

There are rumors spreading over MN SoC organization that due new strategy of CEO custom silicon is dead end and HW designers will be laid off, nvidia will be sole silicon provider.
Anyone knows something ? All of this seems unreal…

Folks, has anyone looked at the latest Gross and Net Adds from all major carriers. Numbers are not adding up.

Are these telcos cooking them up?!?

Given this desperate layoffs, firing of the CEO at Verizon, is everything ok? Is there any scrutiny on the numbers from telco??

All indications suggest she will be appointed as the next CEO, what do you think of her?

She was challenged several weeks ago on this board to go on CNBC to be interviewed and by golly, she did ! Albeit a soft ball interview with Sharon Epperson for DEI reasons.

Let's be honest here, if she interviewed with Jim Cramer, David Faber, or Sara Eisen, she'd be eaten alive trying to defend her missteps. It is ironic that even Roger Ferguson has appeared on CNBC as a contributor more times in the last year, then Duckett has appeared on CNBC in 5 yrs.

There are rumors and whispers she is losing internal support. All of a sudden, we see a flurry of activity from her lately in an attempt to save face and her job. So many speeches and public appearances that she has no real time to run TIAA like she is supposed to and this begs the question; who is really running TIAA ? She is paid millions and the company is chaos and no one is at the helm. She collects hundreds of thousands of dollars as a Nike Board Member & a pair of Air Jordans.

Instead, they have Jay Leno headline the TIAA FutureWise conference with the CEO laughing herself all the way to the Bank while many long term TIAA employees are being laid off. Shoot, maybe is she ran AI to run the company, it would be in much better financial shape today. It's funny how she criticized AI, but sold out to Accenture as they promised us the world with AI driven solutions which have not materialized.

TIAA FutureWise Conference (November 2025) In a discussion with CNBC, she advised that retirement investors should focus on building diversified portfolios and guaranteed income streams rather than worrying about an AI

https://www.cvshealth.com/news/company-news/cvs-health-names-david-joyner-chair-of-the-board-of-directors.html#:~:text=WOONSOCKET%2C%20RI%20(November%2020%2C,%2C%20effective%20January%201%2C%202026.

So now David Joyner will be president, CEO, and chairman of the board. One guy in charge of everything, making all the decisions. I don’t know if that’s good or bad, but CVS is now going “all-in” on Mr. Joyner.

"That 25% of non-core business, including SMB and consumer cybersecurity, DevOps, and analytics, is going to be a hole worth almost $1.3 billion to fill however, so the shrink to grow strategy better work, and the new CEO may need some patience given to them."

https://www.iteuropa.com/news/opentext-shrink-grow-strategy-may-mean-it-has-13bn-sales-hole

Mid level management cant get a pay raise to even cover cost of living.

If money is what you work for at Hertz then knowing that the CEO makes $35 MILLION DOLLARS a year and the Fadman makes nearly half a million per year if not more, don’t be upset!
Keep the management struggling and starving then wonder why your revenue is down while you all sit pretty in your big houses with your boasting of Verizon wireless plans on LinkedIn.
It’s sickening how out of touch these people are-know your audience and pay your people!

besides the free $20m and salary for a year?

It seems everyone comes to this site to complain, but I am here to celebrate. Our new CEO has announced that 3 day RTO is here to stay. This is wonderful news and proof that Srini trusts his leadership team and all of us to do our jobs! Thank you Srini! you are awesome!

If you know, you know. The question that we've all been asking. Apparently, the CEO too.

Any insight on what this message means?

"[We will be] initiating a two-year, $200M "cost-out" program that simplifies our matrix, improves agility and decision-making speed and enables greater investments in growth of New BD."

You can't help but wonder why a once great company would purposely hire a corrupt and incompetent CEO knowing that he completely destroyed the previous company from which he came. What's worse, is that thanks to his gross ineptitude, well over 30,000 (and counting) good, hardworking, tenured employees got sc--wed over during his reign. Meanwhile, he gets rewarded and gets to walk away with a 40 million dollar golden parachute fot it. It's criminal.

The new CEO literally came in and said there would be layoffs. He literally said around 15,000 would be laid off.

If you thought it wouldn’t have been you, you are living under a rock.

SB su-k as CEO role. Xerox been going down hill as fast roller coaster and i am surprise that he still here. How come no one replace him for poor performance.

https://www.crn.com/news/channel-news/2025/insight-ceo-joyce-mullen-to-retire-leading-insight-has-been-the-pinnacle-of-my-career

It’s time for CL to follow suit here I mean c’mon man — What are she and the board waiting for? How much lower and worse, respectively, does the stock and culture have to rot before she’s out?

Any chance we’ll get a new CEO for Christmas???

email from CEO at 7am...
meeting for 1:1 with SD in over an hour...

gonna make me STRESS over what this is about? BRUH

Is anyone in the company in an area where there isn't chaos and lack of planning? This re-org has been terrible. There is no way MW should still be CEO

Vestberg was CEO at VZ for 7 years. Coincidentally the same amount of years he was CEO at Ericsson. Two companies left in a wake of mismanagement. The difference? The VZ BoD had a resume to review. Despite his failures in Europe the VZ BoD made him their CEO. History repeating itself was, sorry to say, an almost foregone conclusion. Now the BoD handed gas and torch to Schulman. He’ll cut off the legs to save the body. Then the BoD will “find” the next version of Vestberg. They can’t help themselves from making poor choices. Vestberg will likely have $20M follow him out the door whilst 15k are shown the door. Whomever takes over “Verizon - The Rehab Edition” has choices. Continue on with segmentation and compartmentalization driving the Company further into the ground, or, perhaps, bring things back under the roof. No more HRBP from outside sources running the Company. No more useless Pulse Surveys. But alas, the names will change and the downward spiral is likely to continue. If there was a time for the Shareholders to remove an entire Board. It’s now or in the very near future. Pipe dream of course. Good luck to all who are leaving. Find a Company run by intelligent people who actually know the business they run.

Are we still expecting a strike in the east coast next summer ? I’m sure new CEO would want to settle unless he will be very strict with negotiations