#goldenparachute

Group, I should have been more aware of my demise by reading this forum for the past couple of years. I should have put on my clown shoes a few years ago and sat on the plank of the dunk tank as you all would have saved the company at 10 quid a toss. Anyone out there have a good number to call HR so I can get my golden parachute? It's so tough to get an audience with someone who can help. Best regards, Bandy

SB didn't get what he deserved, quite the opposite.

He has a golden parachute, which only pays out reliably IF/WHEN the company isn't in CH 7 or 11. Parachutes get trimmed down, and sometimes eliminated entirely in bankruptcy.

They didn't throw him out a window, they put him in a life raft. He'll get paid out, and after that, look for CH11. IF anyone here read up on his nonsense agreement and knows what the payout timeline is, please chime in. That is a good indicator of when they might be filing.

So.. Verizon's head of its consumer division, Sowmyanarayan Sampath, is stepping down?? Or was he asked to leave??
When ole Danny Schulman stepped into his role in October he helped approved a $4 million payment for Sampath to retain him in his consumer CEO role. While he ordered Verizon's biggest-ever round of job cuts in November of 13000+

So… who’s the next head to roll? Which former PayPal person is coming along the Danny ride??

After years of foisting your su-kage onto SH&A, you are taking the golden parachute in a testament to the clear lack of leadership ability and lack of qualifications you brought to a once mighty division, leaving the group wallowing in debt to the tune of almost $800,000,000 to Blackstone, no clear goals and a culture of pettiness and obsequiousness.

Thanks for the memories and the sh---y raises.

Does he get two golden parachutes? THey kept him past his original CEO contract...

Farmer destroyed Comerica, and is riding his golden parachute of $140 million out of the burning carcass. The class action brought by HoldCo that highlights Farmer’s misbehavior and frauds is mind-boggling. We need to take action and join that class action. Farmer sla-ghtered our jobs (once Fifth Third takes over, at least 45% of us will lose our jobs).

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

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.

a company that once was sold, got bankrupt and resurrected from the dead .... imagine all the cash these guys made/ will be making....

should we be suspicious ?

Will Frontier also face a massive lay off initiative?

Dan has brought a typical corporate America culture to Verizon. Long gone are the days of making a good salary, receiving a good bonus, and having a career path. This is the way it is going to go from here on out people... And I speak from experience.

1) Bonuses will be cut
2) Raises and stock benefits will be reduced (stock might be taken away)
3) Layoffs will continue. This is due to two reasons: 1) Dan wants 30% and this first round is only 15%, and 2) Frontier transition means more people on payroll and they can't be touched for x amount of time.
4) Travel will be cut and have to be approved by SVP levels. Any spending will be scrutinized.
5) Offshore jobs will accelerate. AI will take some, but they'll take the quickest path and that's moving jobs to India.

I am speaking from personal experience. I was actually told I had to take an 15% salary REDUCTION to stay with the company. This was over 20 years ago with EDS (Electronic Data Systems) and then when HP took over (sparked massive layoffs then too). Our CEO got a nice golden parachute on his way out.

Verizon has been very generous with their packages and I just don't see Dan carrying that onward. He is a axe man who will stop at nothing to squeeze out a little more profit.

I am glad I left corporate America and now make a comfortable salary in the private sector. I don't make as much money, but I am happy.. best job I have ever had and I make a difference.

I feel really bad for those being let go and for those staying. It's a lose-lose situation for everyone. Best of luck to all of you.

Left on as a “special advisor” so he can keep his $20 million. F the board for even allowing that and F Dan for immediately cutting positions as a means to cost cutting when it is public knowledge that we are paying the man who ran us in to the ground what is basically a massive severance. If I were looking to save I would see that $20 million as a good start

If anything at all, give that S-B the same 2 weeks a year that the rest of us get. Terrible optics and a glaring example of corruption.

I have to say, the leadership at Verizon has done some UTTERLY stupid things. Yet nothing happens to them... For example this Frontier debacle. Buy Yahoo/AOL? Really? Blue Jeans? No one even knows that that is? Why buy Blue Jeans when Zoom, MS Teams, and Google Chat were already well established? Just d-mb...

Really bad decisions and the employees are left with the fallout. Mr. Hans gets his golden parachute... just like those before him.

Dan is simply using Elon's model of slash and cut (e.g. Twitter/X). The problem that Dan doesn't understand is that an application only has so many facets. A network the size of Verizon is extremely complicated and can't be compared to a phone App, but he doesn't care. He's a short-timer.

Best of luck to you people. The job market is good if you live in Texas. If you don't, it is more challenging. You'll find something but maybe not at the pay you're currently making.

Skyworks has created a new severance plan for top executives.
It was approved on November 11, 2025 and filed on November 14, 2025.

This plan only covers Vice Presidents and Senior Vice Presidents who report directly to the CEO.
Directors, managers, engineers, and all non-executive employees are not included.

If a VP or SVP is laid off in normal times, they receive:
• One year of base salary
• One year of company-paid medical insurance
• A partial bonus they have already earned
• Some RSUs that would have vested within the next 12 months

If a VP or SVP is laid off after a merger or company sale, they receive:
• One and a half times their base salary
• One and a half times their target bonus
• Eighteen months of company-paid medical insurance
• Full vesting of all RSUs
• Extra time to exercise stock options

To receive these benefits, they must sign a legal release and follow non-compete rules.

This plan gives very strong protection to VP and SVP executives.
Regular employees do not receive these benefits.

Merry RIF-mas 🎄, thanks for all the hard work and sacrifice. Thank you for putting your Dreams on hold and neglecting your family and health for the sake of making the shareholders and Execs an extra dollar in their Bonuses and Golden parachutes. Now GTFO your services are no longer needed.

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.

There will be announced mass layoffs and consolidation plans within a week from now. Underperforming BUs will be restructured or sold and 1000’s will be laid off across the enterprise.

This is first roll out of changes due to Elliott Managment,

Thank you Geoff Martha! Elliott management would have never bought into MDT if you never took over the CEO spot! Enjoy your huge parachute package.

Hey ya T. Rowe fam,

Honest question - why is it that if you're a moderately senior person on the Distribution/Sales side of the business you get a golden parachute (I'm assuming) while so many others just get the boot unexpectedly? Globally it looks like a few of these sales people "retire" or "leave to pursue other opportunities". At the company a lot of the sales people seem to not win much while lose a lot of clients and business. Like a few seem to have come from less well known competitors in the industry and didn't have any demonstrable track record. There's also some that have a track record of bullying. It seems on the investment side of the business there are a lot of well educated, high performing people. The same can't be said for the sales people. The ones that don't get a golden handshake just seem to keep their job and hang on. I chat with some of them and a few are good operators but they're the minority. Honestly, why are the salespeople here rewarded for doing nothing, or even destroying value in some cases.

After 8 years and an annual total compensation of $24m he is worth over $100m and will receive a golden parachute (access to the private jet). Blackrock will be his next executive employment and will skyrocket his wealth even more.

Chuck is walking away with almost $58 million from the CCS and Amphenol deal.

On Monday end of day I was let go. They realignment of management will happen soon if not already.
I'm not authorized per my basically golden parachute to go into major details but I will anyways but not release who I am.
All teams will be no larger than 8. Some might be smaller and other rolls that entire teams did will be offloaded to other teams removing the fat from the organization. This will be hush hush as they move forward. They will be evaluating folks currently to see who is at the top of the list and who is at the bottom of the list.

Subsea layoffs it's official now! Moving folks into one regional group most likely off shore!
Leadership Failed Us and lost the contracts and all have received their Golden Parachutes while the rest of us Peasants deal with the crumbs and fight for little of what's left. Brace yourself winter is coming!

If I had 10 cents for every dollar wasted over the past 15 years, I'd be wealthy. From IT solutions and overstaffing to training and firing thousands of nurses, plus failed EMRs and workforce management, the waste is staggering. Worse, those responsible were paid handsomely for poor results and received golden parachutes when their failures became clear.

All these executives are getting golden parachutes but they gone

We still are not hearing that directors and VPs are being let go. Today 65 finance advisors and 7 finance managers were informed that today was their last day. 1 manager and 4 employees of the student accounting department were also let go. Enrollment numbers are declining and the marketing, IT, and financial aid departments are definitively failing to do their jobs. The decline started when the Credit Suisse guys came on board and continued with the onboarding of the app Vocado and that wreck of a CIO who had no idea. It is time for the 'GOLDEN' parachute employees to leave without their parachute. They have caused the downfall of what was once a great university.