#ceo

DA CEO?

MM and SB getting in line for the MC?

Meanwhile:

https://www.reuters.com/sustainability/boards-policy-regulation/bp-appoints-meg-oneill-ceo-2025-12-17/

Everyone's got their own experience and everyone's heard different things, but our union rep told us that Mastec has been pretty good at communicating (much better than Optimum when we organized), and that "Mastec is more union friendly than Optimum" so "it might actually work out better for you guys"

Apparently IBEW has a few contracts with Mastec already.

Anyone else's union reps say anything similar?

Yeah, grain of salt, but also it's a low f-ing bar to be more union friendly than Optimum.

On the other hand, CEOs and execs make millions by eliminating entire departments, and nobody does a GD thing about it, so what can we really expect?

We all knew Murrays days were numbered when Big Al came in, but I must say I'm surprised it came out of the blue on a Thursday night the week before Christmas.

In 2020, Bloomberg reported that Ben took home a total compensation of 6.74M dollars and NO BONUS.

In 2025 Reuters reported Wael’s pay starts at 11M dollars PLUS 9M bonus. For a sweet total of 20M for the same strategy of cut costs and layoffs.

The Indification of a once great company is officially complete with the appointment of new CEO of Indian origin. With no meaningful experience in bringing a public company to new heights, he was hired for reasons that won't help the companies long term valuation.

Man your life boats, the ship is going for its last lunge down.

Frank is now the CEO of the IRS in addition to being the commissioner of Social Security. Can FB be Bubba?

hmm, who was on the board all 5 of those years? Oh yeah, the current CEO who's burning the company down, the same one who's been watching it burn for years.

verizon, where id--ts fail upwards and good people are just thrown away.

I have not seen a single picture of our new CEO wearing anything with a Verizon logo. Have you?

This is pure fraud and Trump needs to have Gary Cohen investigated!

Barely 3 years ago, will history repeat itself for CE1? Hmm

https://www.cleantrucking.com/battery-electric/article/15353055/ford-ceo-dubs-their-next-electric-truck-millennium-falcon-as-construction-of-mega-ev-factory-continues

He has tried, give him his due. But in the end he’s failed. As he put it - my best plan is to Buy shell shares back at the absolute top of the market’ the end.
Absolutely zero vision # not worth the money (millions)

I guess anything is better than Ramon. Or ram. Just gotta outlast whatever time it takes for them to kick RL to the curb.

Puzzled by the fact that no announcement has been made yet. Wondering what’s going on behind the scenes.

Kelly boomerang here—back at HQ after a five-year family break. Honestly, I can’t get over how different this place feels now. Back then, we actually stood for something. The CEO cared, leadership had energy, humor, my boss was awesome, we were growing, i knew what we were selling, the cafeteria was hopping, the marketing guy had a cool eurotrash accent, a sales head with tattoos and a porsche, and people were proud to work here.

Now? It feels flat. No ideas, no spark. No ambition. Dull people acting like zombies. I ain’t inspired by Chris, Tammy, or anyone else right now.

Am I reading it right, Athina is a CEO now !!

Steve B does not deserve the 14.3 million he makes as salary. He is an id--t.

is our new ceo any better than our last one

I received an email, same as all you, asking for ideas. A similar email was sent by Hans. I also gave sincere feedback during Pulse. Multiple submissions in Ideas at Work.

For over a decade, I have tenured ideas. Also for over a decade, I have cautioned leadership regarding the clear missteps that they were making. It was tempered at first, but was amplified when Hans was hired. There were many red flags.

"The plan will be presented to the board for them to approve.". Yes, that's how corporations work. Hans did the same, and how did that work out? The signs of the impending failure were obvious.

So the root of the issue are those that do the hiring of the CEO. The board needs flipped.

"Famously brutal Fortune 500 CEO reveals the three rules every American must follow to avoid getting laid off as job apocalypse spreads"

Internet Archive version - https://archive.ph/DwCYF

His 3 points:
1) Go to the office every day - 'One of the problems in our society today is isolation. And working from home stems more isolation.' - Stankey

So he's worried about our mental health now?

2) Take AI training classes, NOW! - dang, I agree with Stankey on something. It's a sad day.

3) Forget loyalty, focus on results - He described the employer-employee relationship as transactional and constantly up for renewal.

Every day, you have to earn your keep at the company,' he said, adding that, 'similarly, the company has to earn the right to your skills.'

Funny. If we really went by his own measure, he should be the first one fired.

https://www.tipranks.com/news/the-fly/intel-ceos-multiple-jobs-investments-raise-concerns-ny-times-reports-thefly#google_vignette

Meanwhile, KO's CEO to step down:
https://www.fooddive.com/news/coca-cola-chief-james-quincy-exits-after-9-years/807630/

https://www.cincinnati.com/story/grocery/shopping/2025/12/10/interim-kroger-ceo-buys-boston-home-for-11-5m-report-says/87709886007/

It looks like T-Mobile is also laying people off. Impacting managers and directors rather than ICs from what I can gather online but I have no direct knowledge.

It’s likely that the new CEOs at VZ and TMUS are engaged in a price war hence the cost cutting.

In a world of ‘tough as nails’ innovators, it’s difficult to be inspired by Grampa Stankeylegg to run your organization like you own it when he refuses to own his own mistakes. And who says “air cover” when referring to leadership and culture. Try setting realistic, simple priorities out of the gate on Jan 1 that reflect what a 150-year old utility company should focus on - product delivery and product quality. Fire 99% of L3 and above, they are just there for “air cover” to keep the board from finding out the company is just a hollow shell compared to its former greatness.

I joined during Hans' tenure, so that's all I know. But there must have been some good ones, right?

We hear the new CEO from his Dec 5th call but what’s next on the roadmap? When in the timeframe that Verizon will again see growth after the Nov 2025 mass layoff? Is Dan really the CEO that can accelerate the change? I wonder.

This is literally the description on the Layoff.com portal

Let’s that sink in!!!!!!!

We are now 85k barely. We have lost close to 100k employees.

This is a effing TITANIC I say. Jump while you can. Indian future CEO is already interviewing. Trust me!!!!

Anyone who worked with him when he was in lower positions, was he always this heartless and uncaring towards others? Did he grow into it or was he always terrible? Ive only been here a couple years and he's a monster in many ways.

AT&T (T) chief executive John Stankey will speak at Tuesday’s UBS Global Media & Communications Conference where he will discuss the company’s network and financial outlook.

Besides the mid-band spectrum the company agreed to acquire from EchoStar (SATS), AT&T (T) expects to continue to accelerate the pace of its fiber reach through an agreement to acquire substantially all of Lumen’s (LUMN) Mass Markets fiber internet connectivity business.

This transaction is expected to close in early 2026 and will enable the company to reach more than 60 million total fiber locations by the end of 2030.

The company said it is also on track to achieve its 2025 financial goals and return $4 billion to shareholders through share repurchases in 2025 and $20 billion of share repurchase capacity during 2025 and 2027.

This includes consolidated service revenue growth in the low single-digit range, adjusted EPS in the higher end of $1.97 to $2.07 range, and adjusted EBITDA growth of 3% or better.

Subscriber net additions to its mobility business will be higher during the second half of 2025 than it reported during the first half, including an expectation for seasonal trends in net adds during Q4.

Additionally, AT&T (T) expects its net debt-to-adjusted EBITDA ratio will return to its 2.5x target within roughly three years of closing the EchoStar transaction and achieve “strong free cash flow” from the Lumen and EchoStar acquisitions.

Full article pasted below.

https://www.chicagobusiness.com/health-care/hcsc-top-execs-got-big-raises-2024-despite-income-drop

Top executives at Health Care Service Corp. received hefty raises, including multimillion bonuses, in 2024 despite a 54% drop in net income for the parent of Illinois' largest health insurer, Blue Cross & Blue Shield of Illinois.
CEO Maurice Smith earned $34.4 million, a 23% increase from the previous year's total compensation of nearly $28 million, according to financial records obtained by Crain's through a Freedom of Information Act request. Smith's salary in 2024 dropped by $161,000, but he pulled in nearly $33 million in bonuses. The double-digit pay raise in 2024 followed a 26% raise from 2022 to 2023.
The raises, which are in line with traditional hikes in salary and bonuses at Chicago-based HCSC, came at a time when insurance premiums were skyrocketing and health care costs continued a decades-long escalation.
The pay hikes also came during a year in which HCSC recorded an increase in total revenue from $54 billion in 2023 to $62.8 billion in 2024. However, the company saw its own benefit expenses and administrative expenses rise and its insurance underwriting post a loss of $572 million dollars, compared with a gain from underwriting in 2023 of more than $1 billion. All that led to net income of $659 million, down 54% from the $1.445 billion in net income in 2023.
Smith's compensation eclipses his counterparts at publicly traded, nationwide health insurers.
The average CEO compensation across seven leading companies in 2024 amounted to $20.9 million, up 1% compared with 2023, Crain's sister brand Modern Healthcare reported.
Total compensation increased for the chief executives of UnitedHealth Group, Cigna, Centene and Molina Healthcare, while it declined for the CEOs of CVS Health, Elevance Health and Humana, according to filings with the U.S. Securities & Exchange Commission.
UnitedHealth Group CEO Andrew Witty led the pack with $26.3 million in compensation. His compensation rose 11.9%. Cigna President, CEO and Chair David Cordani and Centene CEO Sarah London saw double-digit percentage increases in their total pay to $23.3 million and $20.6 million, respectively.
The 10 highest-paid employees at HCSC received a combined $104 million in 2024, up about 17% from 2023.

Let’s be real the whole “V Team” notion is a joke.
The new CEO walks around sipping his coffee talking about at least when Verizon lays off people before Thanksgiving, they don’t do it by text message they do it by a phone call. Yay, thank you Dan. This guy is so full of himself.

Then he lets you stay on the books to work during the holidays while the people who stay talk about holiday parties, your mgrs ghost you and you get quietly removed from team calls. Gotta love it. I hope the people who made it, are watching how the laid off ones are being treated. It will probably be worse next time under this new CEO’s regime.

With the plan of divesture and consolidation and rationalisation etc, will the new CEO just continue along this path ?

Could the CEO change course again ?

BK?

Verizon’s Mass Layoffs Were ‘Inevitable,’ CEO Says. What the Telecom Wants to Do in 2026. By Karishma Vanjani - Dec 05, 2025, 4:49 pm EST

Verizon announced its largest-ever round of layoffs, cutting thousands of jobs last month. Now the telecom’s new CEO is explaining the cuts—and laying out the path forward for remaining workers.

Chief Executive Daniel Schulman hosted a live all-hands employee webcast on Friday, the company’s first since announcing it’s shedding more than 13,000 jobs. Holding a cup and wearing a dark shirt while standing in front of the red Verizon logo, Schulman was blunt. A video of the webcast was seen by Barron’s.

“We’ve lost like 500 to 700 basis points of market share in the last five years,” Schulman said. “And by the way, that puts pressure on a lot of things. It puts pressure on our revenue. It means we have to compete harder. We start raising rates and when we start raising rates, you start irritating customers big time. They start churning. Like our churn is up like 20, 25 basis points since we started raising rates.”

Customer satisfaction scores are also not great, according to Schulman. “They are worse than our competitors,” he said, adding that the fault is partly Verizon’s. The telecommunications giant didn’t offer employees the “financial flexibility” to get things done, he said.

“A lot of it is self-inflicted wounds. A lot of it,” Schulman said.

The decision on mass layoffs was “inevitable,” according to Schulman, “because if we don’t have enough money to put back into our value proposition to customers, we are going to continue to shrink.” Making small cuts would have meant doing something quite large later on, he added.

Schulman said he presented the company’s 2026 turnaround plan during his first board meeting as CEO this past week, and has plans to detail it the next time he talks to the Street, a likely reference to analysts who cover the company. Schulman will probably share more during Verizon’s fourth-quarter earnings call on Jan. 27.

Verizon didn’t immediately respond to Barron’s request for comment on the plan or the layoffs.

Investors, however, can put together some clues. In late October, Schulman said he intends to use “AI as a key tool to simplify offers.”

That same month, Schulman said in a call with employees, according to a transcript reviewed by Barron’s, that “a lot of the friction occurs because we’re so complex. Like we have so many different promotions out there.”

Verizon will also likely make customer service a focal point in the new year. Schulman, who called himself an overachiever and an upfront man in Friday’s webcast, shared a story of a terminally ill cancer patient who he personally contacted after the man reached out trying to disconnect his Verizon plan.

“Everybody gets terrible customer service across every industry, it’s so bad right now out there. And what if we empowered our reps to do the right thing,” Schulman said.

Verizon has its work cut out for itself. Having a good network connection is no longer a differentiator—and that is forcing the telecom to try to find another way to standout amid a competitive landscape. Shares have taken a beating: Under former CEO Hans Vestberg, who will now serve as a special advisor until October 2026, Verizon stock fell 15%. Shares have dropped 6% over the past three months.

Earnings before interest, taxes, depreciation, and amortization, or Ebitda, largely remained stable under Vestberg, who took the reins in mid 2018. Ebitda in 2024 was $48.8 billion, up from $47.2 billion in 2019.

The latest Thanksgiving was strong, Schulman said during the webcast. Separately, he said he sees an opportunity in helping hyperscalers—large cloud service providers—connect to data centers.

Schulman wished his employees happy holidays at the end of the webcast. “Don’t forget about finishing the fourth quarter strong,” he said.

Paywalled: https://www.barrons.com/articles/verizon-layoffs-ceo-stock-price-1e8ee33f
Paywall Removed: https://archive.is/XvQ4k

Comments:
Scott Colebank
Many investors remain in this stock because the dividend yield is appealing and the company has a long record of increasing its payout. With a new CEO taking over, there is uncertainty about how highly he prioritizes maintaining or growing the dividend as he works to turn the company around.

Whitham Reeve
Both the CEO and the company have avoided addressing the dividend directly. This silence is viewed by some investors as a sign that management may consider cutting or reducing the dividend without drawing attention to it.

CM C
The incoming leadership appears to be focusing on operational discipline, which is overdue. Schulman faces the challenge of repairing an organization that, under Vestberg, struggled with efficiency. The previous leadership period included high capital spending, unnecessary complexity across business units, and frequent strategy changes that diluted focus. Vestberg also earned eight figure compensation despite weak performance, which frustrated many shareholders.

Bill Letson
As wireless service becomes more like a commodity, carriers often engage in price competition to retain or attract customers. This compresses margins and can erode long term value. Because of this dynamic, the commenter sees Verizon as a value trap, meaning the stock appears cheap but may not deliver meaningful upside.

MATTHEW MENENEBERG
This user experienced billing issues in which Verizon added charges for services that were not requested. Removing these charges took months and no refund was provided for the incorrect billing period. Because of the frustration and lack of customer care, they plan to leave Verizon soon.

Houyhnhnm GT
The commenter has been a long term holder who has waited through multiple promises of improvement. The ongoing lack of meaningful progress has tested their patience, and they plan to give the company only one more year before selling if results fall short again.

George Vernile
This investor highlights the substantial dividend income they receive, about four thousand dollars every quarter. They remain committed to holding the stock because the steady income is valuable to their portfolio.

Anything other than the ability to blindly cut from one Q to the next?

https://about.att.com/story/2025/stankey-ubs-conference.html

With everything going on in Telecom wonder what will be addressed.

https://timesofindia.indiatimes.com/technology/tech-news/ibm-ceo-to-google-amazon-microsoft-and-other-tech-companies-does-not-make-sense-to-/articleshow/125804195.cms

Buy for a dollar, sell for fifty cents, and create a trail of debris with wherever you go. Like sending in Andrew Dice Clay and Maitland Ward to the Baptist church to give sermons and organize the socials. Bernie Madoff will handle the collection plate and funds.