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MW Your CEO is Laughing All the Way to the Bank! 😡

While you’re sweating it out, fearing the next round of layoffs, Mike Wirth’s raking in obscene cash $60 MILLION in 2021 (more than 50,000 Ecuadorians combined!), $29 MILLION in 2022, and a fat $32.7 MILLION in 2024 with a smug 19% raise. Meanwhile, your pay’s stuck in the mud. 😒 Chevron slashed 20% of you in February 2025 to “save costs” (boo-hoo, low oil prices), and now they’re plotting to axe 9,000 MORE jobs through 2026. But don’t worry, Wirth’s wallet is safe! 💰
Oh, and guess what? Critics say his bloated paycheck is tied to shipping YOUR IT jobs overseas with H-1B visas, spitting in the face of American workers. All while Chevron funnels millions to Trump-aligned causes. Disgusting. 🤮 Wake up, Chevron your loyalty to greed over employees is pathetic. This is for all you boot licking chevron employees that think you are untouchable….. 🤡#ShameOnChevron #you arejustanumberonaspreadsheet


850 Layoffs

  • Charlotte-based manufacturer JELD-WEN announced it will lay off 850 employees across North America following a $378 million net operating loss in Q3 2025.
  • The cuts represent about 11% of its North American and corporate workforce, though specific locations and timing were not disclosed.
  • The company will conduct a strategic review of its European business as part of an effort to optimize its portfolio and improve long-term performance.
  • This marks JELD-WEN’s second round of layoffs in 2025, after previously closing an Iowa factory in March and other U.S. plants in 2024.
  • CEO William Christensen attributed the downturn to market headwinds, higher material and labor costs, tariffs, and weak housing demand.

Source: https://www.charlotteobserver.com/news/business/article312787843.html


“Market Based” Failure

So this is what a “market-based” company looks like? Since John Stankey took over as CEO in 2020, AT&T’s stock has gone nowhere, bouncing between $14 and $24 while billions were wasted on failed acquisitions, buybacks, pointless reorgs, and the most tone-deaf RTO policy in corporate America.

Five years in, zero shareholder value created. Billions burned. Morale at rock bottom. The “market” isn’t buying his strategy, and neither are the employees who actually keep this place running.

If Stankey really wants to be “market-based,” then start listening to what the market is saying: no confidence. Bring back flexibility, respect, and results-driven work. The 5-day RTO punishment failed. It’s time to admit it and move forward.


5 years in the captains chair and 0 value added

It’s been five years since John Stankey took over as CEO in July 2020, when AT&T’s stock was around $23 a share. Since then, it’s dropped as low as under $15 and today it’s barely above where it started, roughly $24.

Five years. Billions in spending. Countless reorganizations. Massive layoffs. Zero value returned to shareholders or employees.

How does this guy still have a job? At what point does the board finally admit this isn’t working?

If this is what “leadership” looks like, it’s no wonder morale and performance are at rock bottom. The numbers don’t lie it’s time for real accountability.


BBB

Chris Conway is still listed as a company contact at BBB. Hasn't he been gone for months and didn't the company sue him ?

$$$$$$$$$$$&

Local BBB:
BBB Serving Metropolitan New York
BBB File Opened:
5/16/2000
Business Started:
11/1/1945
Business Incorporated:
1/3/1945
Type of Entity:
Corporation
Alternate Names:
Mutual of America Life Insurance Company
Business Management:
Mr. Stephen J. Rich, Chairman, CEO and President

Ms. Christine Janofsky, Executive Vice President and Chief Financial Officer

Mr. Chris Conway, Executive Vice President and Chief Revenue Officer

Subhang R. Shah, Executive Vice President and Chief Information and Digital Officer

Mr. Joseph R. Gaffoglio, CEO of Mutual of America Capital Management

Mr. Shannon Moriarty, Executive Vice President, Operations


Verizon CEO sounds alarm on why customers are leaving in droves - TheStreet Updated November 1, 2025

New Verizon CEO flags reasons why customers are leaving Amid its customer struggles, on Oct. 6, Verizon named Dan Schulman as the new CEO of the company, replacing Hans Vestberg. During an earnings call on Oct. 29, Schulman said that Verizon is "clearly falling short" of its potential. "We are not delivering the shareholder returns our investors expect," said Schulman. "Despite investing significantly in network leadership, we have not been able to translate that into winning in the market." He also said that there are four reasons why Verizon is losing customers: price increases, friction in the customer experience, negative value perception and intense competition in the telecom industry. Related: Verizon angers customers with new tactic to boost loyalty Schulman emphasized that Verizon needs to "aggressively transform" its culture and financial profile by being more "customer-centric and executing with financial discipline with a focus on shareholder value." He also admitted that recent price hikes were a bad idea.

Read more at: https://www.miamiherald.com/news/business/article312737229.html#storylink=cpy


Week 1

During Dan’s speech he told us that it was his 22nd day as CEO. He then stated that by his 44th day as CEO most of his transformative plan would be revealed and much of it would already be set in motion. This is the start of the 1st week of Dan’s 3 week transformation kickoff. Hang on for one heck of a ride! Hope I see you on the other side!


Arctic Frost Scandal

Hans was fired in 10/6 and documents to scandal were unsealed 10/30. He was fired over Verizons compliance to the subpoena while ATT REFUSED! The board didn’t fire him for abismal leadership (the board was complicit in destroying a great American company and allowing TMO to takeover telecom) they fired him because Hans didn’t have the brains to refuse to comply while competitors did. This puts the Frontier acquisition in jeopardy which is VZ only lifeline.

This means that Dan is just coming in to save face, fire as many people as possible, remember VZ absorbing 15k frontier employees so the VZ cuts will be nasty and Frontier employees will eventually get the boot in early 2027. Dan will not do anything revolutionary outside of what was already being planned prior to Hans leaving. Get ready to su-k for 2 more years until Dan steps down when he unsuccessfully gets VZ off the ground and hands it over to DRUM ROLL…..

John muthafkn Stratton.. sorry Scampath. That’s when VZ will have a small renaissance but won’t ever come close to TMO. Also remember that SpaceX which owns Starlink will IPO within the next 5 years and they will be the ones who take out TMO. VZ will be a distant 3rd.

Come back in two years and congratulate me when it all happens. Buying lotto tickets tonight. Take care lads.


Roger Entner podcast Dan Schulman

Roger Entner, Recon Analytics
Roger Entner of Recon Analytics discusses Verizon's new CEO, Dan Schulman, in the podcast "The Week with Roger". In the episode "Change is Afoot- All About Verizon's New CEO Dan Schulman," Entner and co-analyst Don Kellogg analyze the appointment, predicting Schulman will initiate significant changes to improve customer experience and financial health after Verizon's recent struggles.
Mandate for Change: Entner explains Schulman, a seasoned consumer disruptor, has a two-year mandate to overhaul Verizon's strategy, including re-evaluating profitability targets and making "painful cuts" to right the company's course.
Strategic Shift: Schulman is expected to shift the focus from solely financial metrics to customer metrics as well, after the previous strategy of extracting more money from fewer customers proved unsustainable.
Leadership Experience: His experience as the founding CEO of Virgin Mobile USA and transforming PayPal is seen as valuable for this "rescue mission" at Verizon, although the telecom market is more mature than the expanding digital payments market Schulman previously worked in.
Future Outlook: The analysts anticipate a more competitive Verizon that prioritizes customer experience and value, following a period of subscriber losses.
The Week with Roger | Podcast on Spotify
All Episodes. This Week: Change is Afoot- All About Verizon's New CEO Dan Schulman. The Week with Roger
https://the-week-with-roger.captivate.fm
Change is Afoot- All About Verizon's New CEO Dan Schulman
AnalystsDon Kellogg and Roger Entner discuss Verizon's appointment of Dan Schulmanas its new CEO, exploring what his leadership could mean for Verizon.


New CEO Dan the man

So wonder Dan is realizing how useless Most upper and lower management is in wireline & wireless .Maybe he has realized only the people who are in some sort of hands on position are of any value.The whole reason we lose market share in wireless,wireline,buisness is because of bad management decisions on how to get the largest bonus .Maybe spend the least amount of money by shedding all our customers.Its like committing su----e trying to grab the dollar off the track with a train coming!!!!!


Really? You kept him on the board?

How can anyone respect the CEO when he continues to get huge raises despite crazy bad performance. The best was JB who was the mastermind of the collapse he not only got a bunch of raises and bonuses, he was asked to leave and got a heroes send off and is staying on the board.

Really? You kept him on the board?

I had my best selling year and results in 20 years, got a lousy 3 review, was told that JB didn't want anyone above a 3, my boss said he gave me a 5 and it was downgraded to a 3 because JB didn't think anyone deserved more than a 3.


“Simpler, Leaner, Scrappier”

“This will be a new way of life for us.” CEO
To those who pay the price for this new model, I am truly sorry. Don’t give more to this God forsaken company than it is going to give back to you.

Sometimes you have to stop at ask, is what you are selling your heart and soul for really worth it?


So our CEO doesn't just hide from staff but analysts too

At least he's consistent.
Who thought using an AI-generated voice model would be a good idea? What message does it send?

Also reading the gibberish he read out, not sure what's worse that he did write it but just got AI to say it or that it was clearly spewed out by AI?


In for one he-l of a ride?

Dan Schulman sure put himself out there. Verizon must cut Billions out of the company and streamline the way we do things to fund a complete and total makeover of the company. He states that layoffs will be part of the coming change. He then states that he is only in his 22nd day as CEO and that by his 44th day most of his transformative plans will be unveiled and even executed. If you take him at his word, the next three weeks will peel back the layers of the onion and we are in for one he-l of a ride. Are you as excited to be part of it as Dan says he is?


Verizon CEO Dan Schulman calls for 'full reboot'

In a research note, MoffettNathanson analyst Craig Moffett said Schulman "described a shift towards being a customer-centric company, with the 'best value proposition' in the market. There is a clear focus on subscriber metrics. He called it a 'full reboot.' The obvious question is… how? Verizon is no longer perceived to have the best network. And it is perceived to have the highest prices. His promise to reverse subscriber losses without relying on promotions and price strikes us as more of a wish than a strategy."


Steve B MUST GO: The Xerox PREDICAMENT

Xerox's decline has been nothing short of alarming. Over the past year alone, we've witnessed a staggering 59.6% drop, bringing the decline to 80.26% since 2020. Leadership is the cornerstone of any thriving organization, and I'm utterly perplexed by why Steve B remains at the helm amid this losing streak. When I joined the company in 1999, my stock was valued at $70.58; today, it languishes at a mere $3.43.

I've sat through his last dozen or so town halls, and it's clear that Steve has a knack for serving up a buffet of excuses, each one seemingly more inventive than the last. A close friend of John Bruno confided that Steve B's golden parachute is now a financial burden, and no sane executive is eager to captain this sinking ship. Steve's compensation must be recalibrated to reflect the dismal stock performance. John Bruno has yet to add any value, and Louie Pastor seems to be draining the company's vitality, all while we (the workers in the trenches) continue to bail water from this floundering vessel.

The board has been covertly seeking a way to oust Steve, but they're caught in a quandary with this 125-year-old institution—there are no willing successors. And if Steve were to step down voluntarily, the personal cost would be too great for him to bear.


Rememeber Franco sent Joey "shorty" Plumeri around in 2015 to tell us all how stupid we were?

Is Joey available to go tell Frank he is a fraud and low life parasite? I remember Frank on the all hands calls in 2014-15 saying he was a real estate guy and did not know much about payments. That was probably the most honest thing I ever heard him say.

Also remember Franco used First Data money to buy thousands of copies of his side-kick Joey's lame book, and mailed it to employees. I read it, a complete waste of ink and paper, and used it as a door stop for awhile until a flood in the office made it moldy.


Mike Fiddelke not the best option

I don't think that man is going to turn around Target. "I just watched 5 with Fiddelke: A Target Conversation" And it pi---s me off. I thought Cephas or Ashley Petzold ( She left Target in 2024) would be a good options for CEO. But No. Please keep on boycotting Target. I know Q4 is going to be sh-t


More Shuffling in the C-Suite

Sona Chowla exiting, Chris Corley as well, more conglomeration at the top with people leading combined departments. Tariff pressure coming down the pike and probably foreseeing a dip in stock price so those pay packages aren’t as appealing. But don’t people want to work with an award winning CEO voted on by her Chicago peers?


Big Employee Meeting This Week

There is a big employee meeting this week. Will the CEO be fully transparent and answer a lot of the tough and fair questions many of you posted on here. The CEO seems to be doubling down on keeping the BOD intact with no changes, keeping field sales leadership who have not lead and are reactionary and don't provide inspiring forward looking leadership and employee support, and head of Boca operations who is focused on the wrong priorities and on their pet side projects instead. The CEO is doubling down on all of this and net outflows are on pace to match last year. Leadership said the bleeding was done last year. Well that hasn't happened. That is why this meeting is so important. For the CFO, it is no laughing matter.


MW talking point

I’ve always been curious. What’s the whole deal with MW saying we don’t create demand, we meet demand?

We’re a fortune 10 company and the ceo is saying we can’t influence market demand? I’m always confused by this talking point.

We could absolutely influence demand if we invested in renewables, batteries, ai power supply, nuclear, etc…

Idk, any thoughts?


3 things to do as a CEO?

If you were to be in Fiddelke's shoes, what would be 3 things you'd do right now?
I'll go first:

  • rebuild trust and do it fast (comms, plans, dont let people find stuff from the media)
  • fix culture before fixing cost (give power 2 remaining teams & simplify... less layers)
  • protect the brand’s core (keep design/merch/stores connected) & dont outsource

John Stankey Rolex Collection

Have you ever looked at the wrist of our humble CEO. In one picture outside the Discovery District he is wearing a Rolex Daytona, which costs nearly $30K, has a 6 year waiting list, and requires you to have already bought several pieces from your jeweler.

In another picture in the Dallas HQ he is wearing a gold Rolex DayDate, which costs 44K.

Given this, he easily has 6 - 8 Rolex timepieces. I have no issue with leaders wearing expensive watches, but these Rolexes feel a bit tasteful given the ego our leader has demonstrated and how he treats his employees. I think a Cartier, Jaeger, or just about any watch would have been more humble and appropriate. But, the Rolexes scream “I have money and control, and you don’t” when he wears them.

Guys, if you ever think our leader is relatable or in-sync with the common employee - just know that he goes out of his way to distance himself from the rest of us. Only the best that money can buy for himself. Nothing but the worst for his subordinates.