Be honest.
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What strategy?
A dachshund could do the same thing and cost a lot less than "Dan"
Yes
Nothing wrong with strategy... issue is Leadership Team and DEI embedded Directors do not have ability to execute.
Vz Culture is a fail.
My comment based on 40 years in Company.
Well at least he delivers his strategy in a glum and morose manner. I thought Hans was too giddy. So this is what I get.
@b6 it has been proven to be failed stratwgy if the incorrect people are cut. Thats what happened during his tenure at Paypal.
@b1 how much is the breakup fee if verizon decides to not move forward with the US government approved merger?
@OP too soon. Still waiting to understand it.
The strategy he has shared will not work, as it is the same one we have been hearing for years. The real strategy is not shared with us and perhaps that will work, but we do not have insight on that and never will.
Yes it will work and many of us aren't going to like the change. He said he going let thing break and then see if they need to be fixed. This will save costs and then allow us to spend in areas we really should spend in.
The easy solution is lower our prices to TMOBILE and ATT levels. Churn will be at industry low levels and Gross Adds will grow very quickly.
Ppl still love Verizon's network but if they continue to get exposure to other networks they might fall in love w others and then price reductions wont work.
@ah swinging the axe to slash jobs has been a proven strategy in the past and will continue within corporate America as Verizon will follow the same play calling following the same script. another 15k jobs slashed early next year.
@OP: Schulman does bring another set of eyes to the helm at Verizon even though been on Verizon's Board-of-Directors and did not add any value to the Verizon's demise over the last 8+ years.
@b1: butcher.... Like Hans the terrible its Schulman the terrible!!!
@OP: Schulman is old. The only strategy being used is slashing the non-union Verizon employees employed within the US and Verizon Indian.
The corporate strategy, if Schulman, is for real or just simply a short-term butcher??
Buying time until the merger with Frontier Communications Parent, Incorporated, Dallas, TX, (a workforce employing 13k US employees) and the plausibility of its Frontier's executive chairman, Mr. John Stratton, returning back, and taking over the reins at Verizon.
@ag the complaining comes from low level that doesn't understand the high level and the quality verizon has.
Worst CEO. He lost his mind due to old age and ai era.
No. And a lot of industry and investors articles are saying the same. They point to his failure ro turn Paypal around and that he is using a similar strategy here. Many of the layoffs were politically based and random. Some of the band 7 and 8 people were highly talanted and knew the processes inside out, and were people that instituted solutions and work around for our failing systems. They were positive leaders in thier areas.
Yes. Look at hyperscalers. They need power and cooling. We have it.
TL;DR narrative
Ver-AI-zon = “the AI backbone”: where GPUs, data centers, 5G, and fiber converge so Amazon, Google, Meta, NVIDIA, Vultr and enterprises can run AI training and real‑time inference reliably and close to users. Investors see Verizon not as a telco, but as an AI infrastructure platform monetizing the AI capex bo-m in space, power, cooling, and connectivity
Absolutely not. Dan was on the BoD for all of Hans' tenure. Does anybody really believe he had all the answers all along, and kept them to himself? So far, all this guy has done, is rif so deep that I doubt the company can function properly, create cushy new executive positions for two of his paypal buddies, and present some ultra secret plan to the same board that has presided over the downturn of the past 10 years, which they supposedly loved.
@OP Yes, The first step in the changes in command and running leaner was long overdue. Marketing should be closed down and outsourced. The price plan has always been on the high side, cut that back just a little to show the customers thanks
Not trusting ever dont even need to see him his last name says it all.
No. And when it doesn't, it'll be the workers' problem.
You're a new manager. Your new team is just terrible, not only did they miss every metric, every KPI, for years, they sent a third of your business to your competitors. They spent money and increased debt like drunken sailors. You interview them on your first day. TaDa! The secret plans for turning it all around are in their drawers, just waiting to be used. They had the plans all along!
Would you trust them?
He has not laid out strategy, which is the VZ way. Nobody even knows what it is in the C suite.
What strategy? He has not told us what his strategy is. Just lots of word salad and lip-smacking.
Nobody exactly knows what the strategy is ..we’ve had a couple of speeches and 15,000 layoffs plus AI being pointed to and customer service being useless…but a plan? Only the Board has seen that so far
I think a rubber boot could steer this company back to a higher stock price. So many people just blindly give us money every year, the average consumer doesn’t care about the degrading network, we have been a household name for decades. Hans was really just that incompetent.