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First RIF then VSP

Yes, it's true that RIF is due later this month. However, I heard that since Dan wants to make the org extremely lean, they are also planning for a VSP in 2Q'2026. Anyone heard about that?

Wouldn't that be interesting? Trim the fat once and then trim the folks sitting on the edge again?

Let's say you didn't get RIFed, would you take the next VSP?

#RIF #VSP #Layoffs #Restructuring #Rumor

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.

#CEO #Leadership #Telecom #Politics #Rumor

Any more scoop on 1RP?

So they are moving forward with renovations at 1RP. I’ve heard rumors (so take it with a grain of salt) that there will be more of an open concept floor plan (gross) and that they are fixing up the building to sell (more likely if OH doesn’t change the laws around generation). Anyone heard anything else?

#RealEstate #OpenOffice #FacilityManagement #Rumor

Advisor Hub article about Stifel

Stifel Chairman and Chief Executive Ronald Kruszewski on Wednesday sent a memo to the company’s employees, including 2,300 advisors, seeking to counter rising speculation that he could sell the 135-year-old firm.

“Let me be clear. Stifel is not being sold to Raymond James or to anyone else,” Kruszewski wrote in the memo, which referred to a report in industry publication WealthManagement.com.

The article had linked Stifel to a potential deal with regional rival Raymond James Financial. The publication cited anonymous sources who said that legal pressure and rising costs tied to barred Miami broker Chuck Roberts could put pressure on St​​ifel to sell and that Raymond James was discussed as a “likely buyer.”

Kruszewski called the report “ridiculous and misleading” and compared it to a “White House leak.”

“I’m just surprised Stifel isn’t being linked to Russian collusion,” Kruszewski wrote in the memo, titled “Setting the Record Straight (With a Smile).”

A Stifel spokesperson confirmed the memo but declined further comment.

Raymond James did not return requests for comment. Wednesday’s article noted that, “[I]t is unclear how formal the talks are between the firms or if an agreement is imminent.”

Raymond James trades at a market capitalization of around $31 billion compared to Stifel’s $12 billion. The St. Petersburg, Florida-based firm has around 8,900 brokers.

“I know the folks at Raymond James,” wrote Kruszewski, who has led Stifel since 1997. “They’re a nice company, but let’s be honest, I believe Stifel is number one.”

The question of a sale surfaced last week on Stifel’s third quarter earnings call during which BMO Capital Markets analyst Brennan Hawken asked about whether the company was for sale and noted that, “Many investors believe that [it] can make for a good target.”

Kruszewski, 67, responded that there was “no need” to sell the company and that questions seem to be driven by concerns about whether he could run out of energy and want to sell.

“That ain’t the case here,” Kruszewski said on the call. “I’m not looking to do anything.”

A source close to the company said that Kruszewski was concerned following the earnings call that plans to sell its non-core independent brokerage business had been conflated with an intention to sell the company.

Stifel on Monday announced it had agreed to sell its $9 billion-asset independent contractor unit to Equitable Advisors, confirming a report earlier this month.

Common Wealth said the same thing and they sold like 4 months later. I definatley think they are selling now.

#Acquisition #Speculation #Rumor #FinancialServices

Fellow Peakers - be careful this week

Halloween has traditionally been a time of amped-up attacks and other bad stuff from SoMo. Last year a coworker was sent a Halloween card and Snickers bar by interoffice. It was made to look like it came from one of our other teammates in Denver but we all know better now. She made a terrible scream like I never heard before and when I went over to her cube her mouth was bleeding profusely. There was a razor blade in her candy bar. She needed stitches in her tongue and her palate and under her tongue. It was bad.

#Safety #Rumor