Thread regarding Frontier Communications Corp. layoffs

Maduri gone

https://fintel.io/doc/sec-ftr-8k-frontier-communications-2020-september-11-18517

"Frontier Communications Corporation (the “Company”) and John Maduri, the Company’s Executive Vice President and Chief Customer Officer, mutually agreed to terminate Mr. Maduri’s employment with the Company, effective September 4, 2020. In connection with his separation, Mr. Maduri and the Company entered into a Release Agreement pursuant to which Mr. Maduri will generally receive payments and benefits consistent with those payable upon a qualifying termination of employment under the Letter Agreement, dated September 18, 2019, between the Company and Mr. Maduri (the form of which is filed as Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on August 7, 2019), subject, in each case, to the Bankruptcy Code. In addition, in accordance with the terms of the applicable plans or programs and subject to the Release Agreement, (a) the repayment provisions with respect to certain of Mr. Maduri’s pre-paid retention awards and performance awards will lapse, (b) all outstanding unvested grants will lapse, and (c) Mr. Maduri will receive a lump sum cash payment representing the deferred portion of his performance-based incentive plan awards for the first and second quarters of 2020."

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| 5281 views | | 11 replies (last November 13, 2021) | Reply
Post ID: @OP+16XQDKfQ

11 replies (most recent on top)

Con artist. has been for years. All fluff, smoke and mirrors.

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Post ID: @6Qncy+16XQDKfQ

The point was - IF and that’s a big IF, JM was all the hype that was spun on his greatness, integrity and ability to be a “true” change agent - why then was he unable to take out the reigning corruption twins (KA and SG) with ALL of the resources he had at his fingertips ???

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Post ID: @tfkc+16XQDKfQ

KA should have been fired years ago and never promoted to C suite, so I completely agree with you. SG is just part of the good old boys club and for whatever reason they keep him around, clearly there is no value there.

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Post ID: @ovyr+16XQDKfQ

Contrary to popular belief Maduri was a stand up guy with all the intentions of making Frontier a true competitor. It the remaining C suite that are the real issues at FTR. KA and SG are the ones that should be on the way out. One can’t deliver the tools for the company to get the job done 4 year deployment on tools for call centers and techs shows how inept he is. And The other would step on his own mother to save his a– doesn’t believe in the value of the people he leads

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Post ID: @oqvz+16XQDKfQ

VERIZON/FRONTIER/OBAMA/THE SALE WAS CRIMINAL UNDER OBAMA

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Post ID: @9cvu+16XQDKfQ

live in the past much? she’s gone, been gone, can’t be touched gone. these beings are all from the same cloth and dna. karma and truth will catch them here in the next year or so.

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Post ID: @7lzo+16XQDKfQ

Maggie...over 100 million in 7 years........any of you have a clue???

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Post ID: @7ihy+16XQDKfQ

actually that whole darn cable and wireless crew came in here like they owned the joint. treated everyone like they were stupid, had visions of making us something we were not ready for yet without understanding or even asking how things are set up. just bounced in like they had all the answers with zero respect. ALL of THEM. funny how 3 of them were terminated, how the rest

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Post ID: @7ozn+16XQDKfQ

I remember the first time this guy showed up in FL. All the mid level mgmt weasels were s—in up to him like there was no tomorrow. Rebel not Yankee bumps into him on accident just to exchange digits. Guy wore blue jeans and a $12 Walmart polo shirt to work most days with his little backpack slung over his shoulder.

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Post ID: @1sga+16XQDKfQ

clearly had no idea what he stepped into .... made improper assumptions and refused to hear historical relevances that would have aided in better decisions without demoralizing other groups. Therefore leading to and creating more division rather than cooperative partnerships.

Regardless of how polished and politically pleasing he pretended to be - one of the worst C suite executives to walk through Frontiers front door.

All the best to him in his next 3 1/2 year position this parachute affords him.

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Post ID: @1qqv+16XQDKfQ

Another escapee with a golden parachute.

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Post ID: @egy+16XQDKfQ

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