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Friendly reminder our execs dump those shares like hot potatoes

This is all public information.

With the exception of Bob Hopkins, our execs effectively get their RSUs or performance rewards, then sell that sh*t as soon as it vests.

Forms indicating an (A) are the acquisition of shares, and in this small sample, the details in the forms shows you it's only ever receiving RSUs, or performance rewards.

The rest and vast majority of the forms are (D) disposal of these shares, and if you read the detail, they are dumping that sh_t as soon as they possibly can. All of the people below are regularly dumping their sh_t. These are not the actions of execs confident in this company. They know this ship is sinking and they're in on the grift.

Skip
https://www.sec.gov/edgar/browse/?CIK=0001708062

Goff:
https://www.sec.gov/edgar/browse/?CIK=0001560409

Bob H:
https://www.sec.gov/edgar/browse/?CIK=25200002114165

Marinaro:
https://www.sec.gov/edgar/browse/?CIK=0001984186

Matt Walter:
https://www.sec.gov/edgar/browse/?CIK=0002028475

Do your own research at SEC's Edgar site.

Fun bonus fact: they all have important ownership stakes in MiniMed. Funny that.


True impact of ELT’s decision to discontinue Chevron Mental Health and Substance Use Disorder Plan

During open enrollment last year, HR announced that the company would discontinue our previous mental health plan (Chevron Mental Health and Substance Use Disorder, MHSUD). This change meant that employees and their dependents who were receiving behavioral health benefits via MHSUD would be forced to obtain mental health coverage via one of the medical providers that we selected (Kaiser, Anthem, Cigna).

The HR email alerting us about this change very casually claimed that “the kinds of behavioral health services covered will generally remain the same” and that “costs may change.” Well, that was quite THE understatement!

I find it truly unconscionable that our ELT, who obviously had to have been presented detailed cost impact scenarios showing the devastating impact to employees, willingly chose to implement this significant reduction to our mental health benefits. And they did so knowing full well that people would be struggling even more as a result of the layoffs and reorg.

Since not everyone might have a need for these benefits (consider yourself fortunate), allow me to paint you a picture of the shocking financial impact that our family is facing.

We have the Anthem PPO. I originally called them to find out the per-session fee for this year. They initially stated $0 copay or coinsurance. That did not seem possible, as we used to pay $13 per session last year through the MHSUD plan. I called back, and Anthem stated that our cost would be 40% of the billed rate.

Assuming a weekly session, below is a cost comparison of old vs. new coverage:
— MHSUD cost = $13 x 52 = $676 per year
— Anthem cost =
— $1,000 deductible (we had not spent anything towards the deductible); this covers 100% of our out-of-network therapist’s fee for ~7 sessions at roughly $152 per session
— for the remaining 45 sessions this year, we expect to pay 40% of the therapist’s $152 fee; therefore a total of about $2,750
— that makes our total out of pocket expense for mental health benefits this year ~$3,750
— that is an increase of ~$3,074 (over 455%!!!) vs. the $676 under the old MHSUD plan

My question to MW and whoever else was involved in this decision is how can you possibly justify so callously reducing your employees’ mental health benefits and so drastically increasing their financial burden? Have you NO shame or compassion or, at a minimum, any interest in keeping your workforce mentally healthy?

We’re not talking about frilly perks here. This is MEDICALLY NECESSARY care. Mental health benefits are CRUCIAL in some cases to keep people from inflicting self-harm and possible su----e.

I am beyond disappointed in this company and its senior-most leaders. Somewhere along the way, greed took hold, and for the sake of shaving a few million off CVX expenses, you abdicated your responsibility towards the human beings you employ and their families.

To think that anything will change because of this post is utterly pointless, I know. I feel better at least having documented this egregious display of callousness from MW and the entire ELT. It might be good for all of us to remember that mental disease does not discriminate. Someday it might be you or one of your family members to suffer a mental health crisis. Ask yourself: are you proud of MW’s behavior? Do you feel his and the ELT’s decision about our mental health benefits is justified?


It’s official! General Affairs In Salt Lake Unannounced

GA showed up to the Salt Lake this week while many of the long term team were out of the office. Why were they taking pictures and counting desks? Are they on a mission to shut down the office??? There are now 25+ open seats with 5 remaining people in the location, so one cannot expect that they are looking to keep the doors open. Did not the branch have several physical security issues earlier this year? Did not zone and regional leaders visit the site just last week in an attempt to settle the team down in the wake of another long term leadership departure? What’s happening to our company?


The 8/1/25 Email Said More Than Leadership Intended

I’ve never seen a CEO so completely disconnected and miss the message employees were trying to send.

Thousands of employees were saying the same thing- morale is declining, flexibility matters, talent is leaving, and five-day RTO is making a bad situation worse.

His response? Employees were told they’re wrong, he’s not, and there “might be a disconnect between you and your current professional choice.”

What really stood out was the characterization of the feedback as “more outliers than we’d like.” … Outliers?

When it’s most employees saying the same thing, it isn’t outliers at all. It’s the majority. The same concerns were being raised across all organizations, teams, and locations. That’s not an “outlier” problem. That’s a leadership problem.

The email read like someone who was genuinely shocked by the feedback…. But maybe that’s the real issue. When you’re surrounded by direct reports blowing smoke up your a$$ telling you everything is working, everyone is aligned, and the policy is a grand success, eventually you start believing it.

Then one day reality shows up in a survey and your mind is blown.

What made the email so damaging wasn’t just the double down on policy. It was the authoritarian mindset behind it.

Instead of asking why most employees felt the same way, he seemed determined to explain why employees were wrong instead of him. Instead of adapting, he doubled down. Instead of listening, he lectured. Instead of taking responsibility, he shifted the blame back onto employees.

That’s not leadership.

Leadership is about recognizing when a decision isn’t producing the intended results and having the humility to change course. What we’ve seen instead is a stubborn refusal to acknowledge reality and accept responsibility, no matter how much evidence piles up.

Since Stankey became CEO, the stock has delivered a negative (-25%) price return. Morale has deteriorated to all time lows. Talent continues to leave. Outside rankings of culture, morale, talent, future readiness place AT&T at the bottom of its peer group and near the broader field bottom as well.

Yet somehow employees are still treated as the problem.

At some point, the board has to ask a simple question- if the strategy is working, where are the results?

Employees are paying the price for decisions they didn’t make- longer commutes, less flexibility, less take home pay, lower morale, increased uncertainty, and the departure of talented peers.

The company doesn’t need more presence reports, more mandates, or another angry manifesto explaining why employees are wrong and to blame for the company’s failures. It needs a leader who listens, adapts, and can admit when something isn’t working.

The most dangerous thing a CEO can do is become so convinced of his own correctness that he stops hearing what everyone else is telling him, and that’s where we are. That’s the disconnect employees have been talking about all along.


SCHULMAN HAS GOT TO GO part II

Wow. Have you seen this? I just saw it. They’re talking about it all over—everyone is talking about it. Dan Schulman, the guy from Verizon. Great company, by the way, very big, very powerful, though frankly, the signal in Mar-a-Lago could be better. We’re looking into that.

But Dan—fake news Dan—he’s writing love poems. Can you believe it? Love poems! To his wife! And let me tell you, I’ve seen the poems. Total disaster. Weak. No vocabulary. Sad! He tells his wife her eyes have "low latency." Incredible. If I told Melania she had low latency, she’d lock me out of the penthouse. Total catastrophe. Dan is out there dropping calls in the bedroom. He’s got zero bars, folks. Absolutely zero bars. Sad!


FA Losses

The experienced FA losses are really accelerating. Big promises that weren’t delivered by Penny and her ELT, unforced errors like ent reimagined and return to office impacting operations and aggressiveness of competitive recruiting are all contributing.

Only momentum helping EJ AUM right now is market exuberance…


Why aren't we fighting to keep them?

People are leaving for competitors every single week. And the company isn't offering them better pay or any incentive to stay. Not even a conversation. With others being kicked out through layoffs, where does leadership think that will leave us in a few years?


I keep going back and forth on this

One day I think we've got what it takes to climb back up. We've still got plenty of smart people and good products. But then I look at how far we've fallen and I wonder if we'll ever get that back. So I'm asking all of you. Do you think we'll find our way up again, or are those days behind us for good?


New leadership top down force approach - need advise

As a fresh grad. when I joined CDC design Verification (DV) , team used to have a great, merit based culture where technical decision were driven by logic and data.
Recently, a leadership change at the top for DV ruined this dynamic. The top lead lacks a technical verif. background, makes unilateral decisions, and pushes aggressive deadlines just for his upper visibility and no techincal contribution for him.
We went from a collaborative team to a strict "no questions asked" environment.
Feeling highly demotivated and could sense the same with my peers and leads.
need advise - is it worth speaking about this to the lead? is this kind of one man pushing his view normal across Qualcomm or is it a major red flag and i should start looking outside QCOM?


Asking the experienced folks

I want to hear from people who've moved around in their career. Have you ever worked anywhere with a more toxic environment than this place? With leadership that cares less about its employees? I'm not being rhetorical. I really want to know. Is this just how all big companies are?


FIG escalations and attrition is off the charts

Anyone have any thoughts? The guy that "was" in charge of all the cores and is now a segment head is always missing in action. How are we supposed to fix the leakage problems if SVPs are not held accountable? We all have our head buried in the sand thinking problems will go away. Such a mess.


Genentech Cuts Three VPs in Research Restructuring

Genentech initiated another round of layoffs affecting its workforce. Three Vice Presidents were among the casualties in this latest reduction. This action is part of a restructuring within the Genentech Research and Early Development (gRED) group. The company is shutting down its physiological chemistry and infectious disease units. Genentech stated these adjustments ensure investments align with core therapeutic areas and portfolio priorities.

South San Francisco, California

https://www.fiercebiotech.com/biotech/genentech-executes-another-round-layoffs-3-vps-axed


Verizon is in 175 billion in debt

Verizon is burning through CASH faster than the revenue we are bringing in and after expenses,its public information… if Dan doesnt change this ship around fast this company is going under faster than we all think.thats why everyone panicking at the top, why do you think everyone is leaving its not because Dan fired everyone BTW.


AI isn't replacing anyone

It's already feeding on its own exhaust, and it's way too expensive. Hallucinations are the feature, not a bug. It's an excuse - to offshore, to cut headcount permanently (and dump the extra work on whoever's left), and to save face for leaders who are too embarrassed to admit they bought into the most obvious hype in history.


Fran says she’s saving jobs

Anyone see Fran’s interview?
Where is she getting all the numbers about 75% of the people getting our yard are getting internally placed again? Most instances the reqs are frozen or there’s none to apply to. She is so fake and I can’t believe people love her post.


Shame

It’s the same story everywhere, but it feels especially absurd at our
company. VPs and above fly business class, enjoy generous budgets they
seem to circulate among themselves, and receive inflated bonuses for
minimal impact. Many of them likely couldn’t find another role in this
industry paying even half as much.

Shame on the board for tolerating an ineffective CEO. Shame on the CEO for
building an ineffective C-suite. And shame on us for continuing to work
here.


Bnys new office

Sick of seeing RVs face on linkdin plastering bullsh-t to the public and everyone else who fans over him on there while destroying careers behind the scenes. Oh look hosting our board trash in DC. Spending my millions at the expense of bnys employees headcount reduction. Cut 100 people this week so we can eat fancier meals . Cheerio fu----s


Warren Buffet

People ask me where they should go to work, and I always tell them to go to work for whom they admire the most. It’s crazy to take little in-between jobs just because they look good on your resume. That’s like saving s-x for old age. Do what you love and work for whom you admire the most, and you’ve given yourself the best chance in life you can.


Tech after layoffs/reorg

Anyone else spending most of their time training their new useless leader on what tech is, what their new area does, and wondering the value of the useless leaders salary while waiting to understand direction and deliverables.
Still tons of dead weight just collecting money with no value add work to be had.


Sr leaders past and present are dumping the stock

T-Mobile US (TMUS) has seen significant insider selling activity in 2025 and 2026, involving multiple executives and major shareholders, though some trades were pre-arranged or tax-related.
Jon Freier (COO): Sold 4,799 shares at $190.00 per share in May 2026 under a Rule 10b5-1 plan, retaining 217,167.63 shares.
Callie R. Field (President): Sold 12,300 shares for $2.96 million in July 2025, part of a trend of insider selling despite strong financial performance.
Raul Marcelo Claure (Director): Sold 550,000 shares for approximately $119.7 million in February 2026, reducing his stake by roughly 38%.
Telekom AG Deutsche: Sold 209,520 shares in July 2025 and has sold over 3.26 million shares total in the past six months, reflecting a larger trend of divestment by the major shareholder.
Thomas Dannenfeldt: Withheld 311.4 shares in June 2026 for tax obligations upon vesting, which is a non-market transaction.

Mike Katz (President of Marketing, Strategy & Products)

Current Holdings: 181,930 shares (directly owned).
Recent Activity: Katz sold 5,000 shares on May 1, 2026, at a weighted average price of $195.81 per share.
Transaction Value: The sale totaled approximately $979,050.
Status: Despite the sale, Katz retains a significant stake valued at over $35 million, reflecting his long-term tenure and executive position. He had previously sold 2,500 shares in November 2025

Mike Sievert (Director)

Current Holdings: 125,696 shares (directly owned).
Recent Activity: Sievert sold 15,000 shares in late February 2026 (Feb 23–24) at weighted average prices between $220.07 and $221.85.
Transaction Value: The sale generated approximately $3.3 million.
Status: Despite the sale, he remains a significant individual shareholder with a stake valued at over $27 million based on current prices.
Mike


Leave Verizon and save yourself ( Mass resignation)

This company is literally thinking it can operate the daily works and tasks much easily without employees. Leadership doesn't care about employees. When there is no value to employees then what is the reason behind working here. Need mass resignation.


Mass Demotions Rolling Out

What’s everyone’s take on the demotions that are coming? We did have a bit of title inflation, but this project seems drastic. Some people are taking a huge hit to their title and external resume value.

I really think leadership is massively underestimating the morale impact of this project. Bain is demonstrating that they don’t understand our industry in doing this.


Layoffs at Global Payments are Imminent

Layoffs that were expected in June now appear to be slipping into July. My guess is the company is adding more people to the RIF list, which is not exactly surprising given Global Payments track record of recurring workforce reductions and the pressure to deliver the $600 million synergy target tied to the Worldpay deal.

Meanwhile, GPN stock is trading at its lowest level since the TSYS acquisition in 2019 and is down roughly 30% since Cameron Bready became CEO in 2023. Oh and the guy that Cameron put in charge to run the SMB business ($6 BILLION!) who has never run a business in his career? Yes, layoffs are definitely coming.

Remember when Cameron got on stage when he became CEO three years ago and told everyone his goal was to build a "best-in-class" culture? Three years later, many teams are doing the work of two and three people, while bracing for yet another round of cuts and the lack of leadership at the C-suite level is truly shocking.

When is the board going to realize that Cameron isn't fit to run the company? Until then, employees should expect even more uncertainty, more restructuring, and more layoffs. So GPN employees listen up, things are only going to get worse so if you get offered a package next month, be grateful, and RUN as fast as you can.

In the meantime, #BringSloanBack!


So Glad Russo is gone!!!

Well we can hate Dan but one thing he did good is to get rid of the Mafia like Russo, Cox and VPs under them. It needs to be cleaned up and ofcourse Sampath who literally destroyed VZ causing all the churn. I hope now he get rid of useless GN&T VPs and AVPs that keep posting on linked that are all lies.
Dan may not be the greatest guy but him breaking the mafia culture is something we all should appreciate!!! Hans failed at that


Sec

What a waste. Millions and millions of dollars. Same issues, thousands of incidents. Thanks tech leaders. Your message of automation for the issues vs root cause is ridiculous.
Also - what again is sre embedded doing vs asking for status of incidents?
From what I hear their leaders have told them to wait as they have no idea what to do either.
This reorganization is yet to make sense. Fast but no clear direction for teams.
Also, AB seems like a real di-k.


Verizon forgot to pay the power bill Lakeland Florida

It’s funny today they came to shut off the power at a corporate store Lakeland. They said the power had not been paid. The Assistant manager scrambled to call the District Manager. He picked up and could be heard saying he is very busy. The ASM said sir they are about to shut our power off. That DM is very lazy on a normal day They gave them an extension of 24 hours LMAO. When is the last time that has happened. I knew the Retail leadership team were clowns but not our team that is supposed to pay the monthly bills too lol