#execshuffle

Chris McCarthy being “let go” as co-CEO back in August was probably the first sensible decision Paramount’s made in years. The man’s entire career has been one long masterclass in failing upward. Now he’s probably slinking over to 101 Studios or NBCU to “collaborate” with Taylor Sheridan, who’s already planning his big exit from Paramount in 2028. It’s the perfect Hollywood farce. One guy can’t keep a job without wrecking it, the other’s counting down the days till he can cash out and ride off on a horse named Ego. You decide which is which. Chris somehow walks away with a multi-million dollar payout for achieving absolutely nothing, proving once again that in this town, being useless isn’t a flaw,it’s a business model. That's right, Amy, Liza, Laurel, Nina, and co.

Wonder how much more bad news is out there now that Rick is out. Doesn’t instill confidence and I wish that we at Ansys were not acquired.

I suspect the initial set of layoffs will happen tomorrow now that we have an all hands call tomorrow.

who else is tired of these leadership changes in finance that make no sense? extra work training the new bosses, just for them to be sent elsewhere in 6 months.

Title speaks for itself. There have been some significant departures within Quality leadership recently. Anyone have any insights?

There are a few Target VPs already posting on LinkedIn that they have new roles at other companies. They knew before us. Not only that, they knew like 60 days ago because they are already working at the new company. Probably got professional placement assistance. That's disgusting.
If you are at a lower level and are just being informed today, now you know how much Target values you.

Sona Chowla exiting, Chris Corley as well, more conglomeration at the top with people leading combined departments. Tariff pressure coming down the pike and probably foreseeing a dip in stock price so those pay packages aren’t as appealing. But don’t people want to work with an award winning CEO voted on by her Chicago peers?

Some VPs and SVPs got laid off yesterday and today. Anyone know who has gone so far?

Are there more Acqueon layoffs coming?

thank you for your attention to this matter!
https://seekingalpha.com/news/4507696-unitedhealths-optum-unit-cfo-depart

Well the Train Station looks nice, but is a money pit for taxpayers and Ford. There are supposed to be. 5,000 w2 employees working there today, nowhere near that.

Big money is at stake. Seasoned pro is required.

Can’t believe she didn’t even announce it herself and had someone else speak for her. She’s probably just done with all the ** and called it quits.

Has anyone heard of any big leaders "retiring" or leaving the company?

A bunch of AVP, VP, and SVP were fired over the last two days. It seemed like the layoffs spanned across all of the corporate functions. I would estimate the numbers in the dozens of people which is a lot for the executive ranks.

Any truth to that? Wouldn’t they announce that?

Source: Supermarket News
https://search.app/8iqm9

Seeing more important people leaving every week. Even our senior management seems to be making plans of their own to bail. Hope it can last until the first of the year when hiring picks up so that I can leave too

Get your hands on a set of the new orgs charts out today. Dozens of newSVPs and new VPs. The top just got heaver w/blessing of new EVP of perpetual conference attendee (HR)

The fired all the GMs in the USA and the COO Derek. Couldn’t happen to a better group of low performers. Hard to believe all the brass they couldn’t manage a glorified shoreline. Glad to see them gone we are much better off.

Seriously, how bad were things???

He's likely preparing to sell his positions. If Elliot manages to get a seat in, get ready for some real vulture capitalism boys

Heard from the grapevine that there's more exec reshuffling happening at the top. From GM...

Any word on if she was pushed out? I am assuming so based on the four sub groups now reporting to other people, and no mention of backfilling

What is going on in the Medicaid segment with so many top leaders leaving suddenly, does anyone know? Regional VP's, CEO's, lots of top level movement....seems suspicious.

Terrific job board, you hired another clown show

Just when you think things couldn’t get more confusing, two of the few competent and respected leaders in D&D, people who actually know the space and can manage people are reportedly leaving.

Meanwhile, if the rumor mill is right, a former consultant VP with limited direct experience is expanding their scope to oversee all of D&D.

How does someone go from “separation” status to suddenly being over all of technology, without the background or expertise for it?

Feels like we’re watching a slow-motion reorg that could spark a bigger exodus. Or maybe it’s strategic — put the least qualified person in charge and let attrition do the work.

why would you change CEO's just like that without giving wall street a heads up and of all months OCT.Which is notorious bad for stocks.Changing CEO's as a surprise tell investors that there is something wrong in this company.Glad i sold at 44...

Reduce target headcount to 50K next year to get stock up to $60 again. Ki-l internal designs with 18A and 14A due to conflict of interests. Only focus 18A and 14A on external customers to prove it is really working.

3 executives in marketing let go. Heard they are looking at all 29 and above for rounds 2 and 3. If you don’t have 5 or more direct reports you’ll be in trouble. Saying too top heavy

We have had a new CMO announced and a bunch of VPs are leaving - mainly in marketing. News?

No chance a competent CFO would sign off on these new projections.

They assume the absolute best case market scenarios with no room for error or a down turn in AI spending.

They're also entirely unneeded ad the company continues to meet or exceed market expectations.

Jeff is doing all he can to hit that $200 mark. Seems the rumors were true about him being out if he doesn't make it.

MW has lost the locker room and fans have zero confidence in him. Who is up next?

For years, I said Hans Vestberg was the wrong guy. I said the “best network” narrative was smoke and mirrors, that billions in 5G spending without a monetization plan was corporate malpractice, and that leadership had no clue how to run a 21st-century company. And what did I get? The usual chorus of Verizon fanboys and PR parrots laughing it off and calling it “AI talk.”

Well… the “AI talk” just pushed your CEO out the door.

All those corporate cheerleaders who swore everything was fine — the ones who worshipped at the altar of “Ultra Wideband” press releases and internal town-hall buzzwords — are suddenly very quiet now. Because the board just did exactly what they insisted would never happen: they fired the architect of this slow-motion train wreck and replaced him with someone who actually understands platforms, partnerships, and profit.

Let’s be honest: calling it “AI” was never about the technology — it was a cheap way to dismiss what you didn’t want to hear. Because if you admitted the analysis was right, you’d also have to admit the leadership was wrong. And now, here we are: the leadership is gone, and the analysis you mocked is the new corporate strategy.

So keep sneering about “AI talking” if it helps you sleep. But know this — the future spoke, and it just fired your hero. All your PR spin couldn’t save him. All your LinkedIn cheerleading couldn’t rewrite the numbers. The truth bulldozed through the talking points… and left your corporate fairy tale in the dust.

https://www.fierce-network.com/wireless/verizon-taps-ex-paypal-virgin-mobile-exec-new-ceo

Analyst thinks Schulman’s appointment is a stop-gap measure and eventually, Sowmyanarayan Sampath, Vestberg’s heir apparent, is likely to take over. Sampath is currently CEO of the Consumer Group at Verizon.

Why was it deleted? By someone other than the OP?

Analyst: Verizon lacks growth story
Whereas T-Mobile has a mobile growth story and AT&T has a fiber growth story, Verizon has been losing subscribers, noted Roger Entner, analyst at Recon Analytics.

“Verizon made its financial numbers by extracting more money from fewer and fewer customers, which is not a long-term winning strategy,” he said. “One of the things that Verizon really needs is a balanced scorecard, where not only financial metrics are important, but also subscriber metrics.”

Entner said he thinks Schulman’s appointment is a stop-gap measure and eventually, Sowmyanarayan Sampath, Vestberg’s heir apparent, is likely to take over. Sampath is currently CEO of the Consumer Group at Verizon.

“The company has been struggling,” Entner said. “I think this gives Dan the opportunity to do a lot of probably painful things before he hands it over to the longer-term CEO, and that’s in all likelihood Sampath.”

TMO and V announce new CEO's. What you think?