What do Frontier employees have to say about Nick J?
17 replies (most recent on top)
Is this the airline company?
@em4 It is not 20B for shareholder equity. only 9.6B is sharesholder equity value. 10-12B is the debt.
@ekb If frontier stopped the build it would NOT have generated positive cash flow. Copper losses were very high. They need fiber build to negate that. Capex didnt just include fiber build, it also included millions in IT projects to fund contractors and McKinsey. Nick is the best ceo frontier had. No doubt, but there is no way frontier would have survived without verizon.
Good riddance
He created over $20b of shareholder value. That fact alone speaks volumes on this guy’s capabilities. Not to mention that he gave us our spirit back and took the company from being a total embarrassment and failure to something we all feel proud to have been part of. The negs on here are probably those who became surplus to requirements along the way….
@ebw this show such a colossal lack of basic financial understanding. Frontier has been systematically improving profitability but also investing heavily in building fiber, which will generate astounding future cash flows. If the company had stopped building fiber, it would have very quickly become cash flow positive based on the revenues and profit from its existing build.
Nick got a fairly clean slate after the bankruptcy. With 10B debt getting eliminated. The fact would have been another bankruptcy if not for verizon. Frontier was still in losses and building more debt. Nick used his listen lives to push his narrative. Financials won't lie. He keeps talking about EBITDA which doesn't include capex. If you push everything to capex, you can show positive EBITA.
@OP I am so unhappy he's left. He would have made the MOST amazing person to lead the transformation of Verizon. We will miss him sorely at Frontier. What he did was amazing
who?
He made bank
And sc--wed over the employees that actually did the work. Meaning boots on the ground. The fact that that the executive teams thinks they had anything to do with anything is hilariously rich. I’d say things worked out despite the executive teams.
@an Nick was amazing for the company but horrible for employees. That being said he definitely accomplished the goal he was set out to achieve.
Horrible how? He saved our company and sure some people had to go but heck Frontier was hugely over-staffed.
I"m in a meeting with him most weeks and would say he is truly obsessed with our customers. not a bad thing.
Charlatan. Smoke and mirrors. Knows how to manipulate the feds and use covid money intended for employees for business “investment”.
I bet he was practicing to be a magician when he was a kid because he was the king at sleight of hand regarding mythical numbers like homes passed bs actual.
Verizon’s in for a rude awakening once they realize how much lipstick is on the pig.
Nick was amazing for the company but horrible for employees. That being said he definitely accomplished the goal he was set out to achieve.
He did what he said he would do. He turned around a bankrupt company. And we made a lot of money in the process.
bye bye with a gold plated parachute