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Maybe it's all by design

You know, telling us way in advance then going completely silent, allowing us to speculate, panic, fear, then eventually fight about it. There's a LOT of psychology happening amongst us in these boards. That's not my field of education or expertise, but it's fascinating to me, all the same.

Then again, it could just be the unfortunate byproduct of a new CEO with a different narcissistic driven output from the previous guy.


Walmart CEO Doug McMillon to retire, John Furner to succeed

After over a decade in the position, Walmart Inc. CEO and President Doug McMillon will retire Jan. 31.

Current Walmart U.S. President and CEO John Furner has been elected by the board of directors to succeed McMillon effective Feb. 1, according to a Friday press release. Furner has also been elected to the board effective immediately and the company plans to announce his successor before the end of fiscal year 2026.

https://www.retaildive.com/news/walmart-ceo-doug-mcmillon-retires-john-furner-succeeds/805522/


Verizon layoffs coming

Layoff’s are set to start happening on November 20th, 2025 and this is all due to Verizon struggles in losing customers and rising cost. This is a message directly from new CEO. Sales representatives have now been trying to unionize and HR is going to stores to try to prevent this from happening.


Margins over membership

Said specifically by CEO yesterday during UBS call. Also indicated Centene is not trying to grow at this point (hence the title) and that they are bracing for up to 30+ percent drop in ACA membership. Medicaid will really feel it come 2017. And that’s not even considering what impact continued gains in AI will mean for employees. I hate to be negative here, but I’m not seeing much upside.


Executive pay

Our new CEO is being paid a $1.5M annual salary, with up to $50M in performance incentives.

That’s equivalent to 500+ employees making $100K.

It’s hard to listen to Joe Russo talk about surgical cost reductions when our CEO is being paid an annual salary equivalent to an entire market.

Does our CEO work 500 times harder than the average corporate employee? Why don’t individual employees receive bonuses that are potentially 33 times than their salary? Imagine an STI of $3.3M on your $100K salary.

If Verizon were serious about cost reductions, it could save tens of millions by trimming the oozing fat at the top.


Clown in Chief

This man is a buffoon.

https://fortune.com/2025/11/12/ford-ceo-jim-farley-secret-education-path-c-suite-ceo-job-study-supply-chain-like-tim-cook/

Why in the world has he not been fired? FoMoCo will continue the downward slide. Saddening to watch.


VH vision is paying off at Oxy

There is no doubt that VH and her leadership team are doing a terrific job at Oxy. She is focused on her goal of making Oxy a great company. Her almost one decade of experience as the CEO has made Oxy a well respected and recognized name in the oil and gas industry. The 3Q results is something to be proud of. Her hard work is finally paying off. She is also working hard to pay down Oxy’s debt. Oxy is a leader in innovation and Carbon Capture. I am very proud to work for Oxy.


Dan's Q3 call was well received here..what happened?

There was a lot of positive feedback to the CEOs blunt and honest call a few weeks ago, even with him flat out saying there would be layoffs and that his plan would be ready in 22 days...which put it right around the 20th.

What happened? Did people lose their minds or did this board suddenly get filled with dummies? I'm seeing a lot of comments from people who dont deserve any severerance.

It su-ks but buckle up and push on.


Trolls

There’s been a huge uptick in troll posts the past 48 hours.

One poster uses the word “value” a whole bunch to oddly describe an unknown Verizon business segment.

Another keeps claiming huge moves, like Sampath being let go - which hasn’t been reported in any capacity.

Just remember, at this point the only thing we really know is that layoffs are coming and our new CEO seemingly pointed to the end of November (~Nov. 20th) as to when his new plan will be placed into motion. Everything else (% riffed, impacted workgroups, potential for VSP, etc.) is all hearsay.

Tread carefully, and know there are a large number of trolls running around getting a rise out of posting intentional misinformation…some of whom likely don’t even work for Verizon.


Melvin Extends Holiday Blessings

Following up to Melvin’s email about SNAP benefits being held and people not being able to put food on the table. He has decided to give each employee a Turkey for Thanksgiving. He thought, what would Jesus do? And it was clear this was the answer. God bless us all and God bless Melvin’s generosity.


When is Gail leaving?

The 3 CEOs before Gail served an average of 4 years while she has been here for double the amount of time.

Here is a history of how long the previous CEOs served at Elevance/Anthem/Wellpoint.

Gail K. Boudreaux- CEO of Anthem/Elevance since 2017 (~8 years)

Joseph R. Swedish- CEO of Anthem from 2013-2017 (4 years)

Angela F. Braly CEO of Anthem from 2007-2012 (5 years)

Larry Glasscock CEO of WellPoint from 2004-2007 (3 years)


CEO Transparency is important- not just for moral but a show good leadership-

Why is this new CEO- opting to be so cryptic? He has a company with highly talented employees wearing a dozen hats each. They all deserve at this point, to know what the new game plan is-
Every Verizon employee has been digging in, trying their best to keep things afloat, especially the last several years-

After every layoff- VSP/ISP talent has been lost and the work load consolidated. Yet even with all the internal struggles - we keep at it.

If Dan truly wants Verizon to succeed- he needs to be candid and up front with his employees. We can handle the hard truths- we can deal with change and limitations- but the C-suite silence is destroying the company from the top down.
Dan- be different-be frank- tell the people at Verizon what is happening and do it sooner than the Nov. 20 mark- the internal barometer is tipping negatively and once it goes too far we are looking at Sprint 2.0-
You are losing trust, confidence, and support from your workforce. We all know what is coming, but the way you are decidedly unveiling it- especially in these economic times, with all the political theatrics happening in DC, only exacerbates and compounds the situation- any other year might be fine- but this is not the current weather for it.

Come clean and do it quick- or everyone here will soon agree you’re no better than Hans……


MW Your CEO is Laughing All the Way to the Bank! 😡

While you’re sweating it out, fearing the next round of layoffs, Mike Wirth’s raking in obscene cash $60 MILLION in 2021 (more than 50,000 Ecuadorians combined!), $29 MILLION in 2022, and a fat $32.7 MILLION in 2024 with a smug 19% raise. Meanwhile, your pay’s stuck in the mud. 😒 Chevron slashed 20% of you in February 2025 to “save costs” (boo-hoo, low oil prices), and now they’re plotting to axe 9,000 MORE jobs through 2026. But don’t worry, Wirth’s wallet is safe! 💰
Oh, and guess what? Critics say his bloated paycheck is tied to shipping YOUR IT jobs overseas with H-1B visas, spitting in the face of American workers. All while Chevron funnels millions to Trump-aligned causes. Disgusting. 🤮 Wake up, Chevron your loyalty to greed over employees is pathetic. This is for all you boot licking chevron employees that think you are untouchable….. 🤡#ShameOnChevron #you arejustanumberonaspreadsheet


850 Layoffs

  • Charlotte-based manufacturer JELD-WEN announced it will lay off 850 employees across North America following a $378 million net operating loss in Q3 2025.
  • The cuts represent about 11% of its North American and corporate workforce, though specific locations and timing were not disclosed.
  • The company will conduct a strategic review of its European business as part of an effort to optimize its portfolio and improve long-term performance.
  • This marks JELD-WEN’s second round of layoffs in 2025, after previously closing an Iowa factory in March and other U.S. plants in 2024.
  • CEO William Christensen attributed the downturn to market headwinds, higher material and labor costs, tariffs, and weak housing demand.

Source: https://www.charlotteobserver.com/news/business/article312787843.html


“Market Based” Failure

So this is what a “market-based” company looks like? Since John Stankey took over as CEO in 2020, AT&T’s stock has gone nowhere, bouncing between $14 and $24 while billions were wasted on failed acquisitions, buybacks, pointless reorgs, and the most tone-deaf RTO policy in corporate America.

Five years in, zero shareholder value created. Billions burned. Morale at rock bottom. The “market” isn’t buying his strategy, and neither are the employees who actually keep this place running.

If Stankey really wants to be “market-based,” then start listening to what the market is saying: no confidence. Bring back flexibility, respect, and results-driven work. The 5-day RTO punishment failed. It’s time to admit it and move forward.


5 years in the captains chair and 0 value added

It’s been five years since John Stankey took over as CEO in July 2020, when AT&T’s stock was around $23 a share. Since then, it’s dropped as low as under $15 and today it’s barely above where it started, roughly $24.

Five years. Billions in spending. Countless reorganizations. Massive layoffs. Zero value returned to shareholders or employees.

How does this guy still have a job? At what point does the board finally admit this isn’t working?

If this is what “leadership” looks like, it’s no wonder morale and performance are at rock bottom. The numbers don’t lie it’s time for real accountability.