When will this department be audited for their illegal pro DEI hiring practices?
32 replies (most recent on top)
@1sc that's the problem, the ROIC is just not there, and the quality of earnings and cash flow is sketchy. Hans & CFO need to sued. Their actions and inactions have breached the corporate shield, and they should not be protected from shareholder suits.
@1md Right? Great ROI by a Finance VP that has been saying the same transformation art of the possible lies for a decade. Right? Right? Right?
Context for just how bad this management team is. Really. All VPs and most directors would be fired in a normal American company.
S&P 5 year return - +95%
VZ - (27)%
What this means is that there will likely be NO BONUS, nor should there be. This has to be the worst performance in the history of the company.
@1mf that is true but barely lol
@1ks Even McAdam produced better returns than the mutts running the company now! What an embarrassment!
The stock is down almost 30% over the past 5 years. That speaks for itself. Fire everyone on marketing and FPA
@1k4 we replaced ivan with Lowell McAdams a rich middle aged white dude and it was a total failure. So we tried to get a different result by getting another middle aged rich white guy , Hans .You know what they say when you try the same thing over and over but expect different results. Not saying anyone race is better or worse just saying maybe change it up for once. If you keep hitting homeruns off my slider Im probably going to throw a fastball or a change up otherwise I should expect the same results!
Facts are facts. Like it or not. There is not one fully functional government, company, or society that is non white or non east asian. Diversity divides and never unifies. White people and Asians know that cooperation toward a goal achieves the goal. There is too much south asian corruption inside the company now.
@1ew here is your cause and effect.... we were a regulated utility that provided a service that people needed and the company did great. Now we are a deregulated company that is run by billionaire stock holders who put profits over people and we have a maxed out wireless product and a landline product that is obsolete.
@1ew. Yep.i think your right . Maybe if years ago we had a black ceo or women ceo. Or an Asian or a Spanish ceo instead of white man after white man, after white man over and over again then we probably wouldn't be in the terrible shape this company is in
@129
and? Look at how messed up the company is now as compared to years ago. No one ever seems to look at cause and effect and that alone, is scary
The same people crying discrimination now are the same people that turned a blind eye when a black man fought in Korea or Vietnam and came home and couldn't even sit down at counter or drink from a water fountain that whites did. Hmmmmm
@11d it's just a blip in time. It was 100% white people getting promoted for the last 200 years prior. Gonna take decades or centuries to even that out. So there will always be hatred and resentment until it evens out if ever. Alot of white people never complained when unqualified white people got jobs, Over people of color.
People are people! Until we get an executive and senior management team the focuses exclusively on the needs of the customers and merits of the people meeting those needs, then the stock price will go nowhere along with morale. Just STOP disciminating against EVERYONE based exclusively on how they look or which bathroom they use.
Wow! 94% of people of color got promotions and only 6% of whites is evidence of statistical systemtic racism and explains a lot of what happened since Hans has taken over. I am just astonished that both the Equal Opportunity Employment Commission and Bloomberg would actually put this out. It was NOT your imagination, they were cheating regarding who got promoted and why!
Every pulse survey can be narrowed to a handful of people as your Director will get their own report card from their peeps, and the VP from their directors. It takes no sherlock holmes to figure out who is not playing for the home team. We made more than a couple of bosses go to 'charm school' in North Carolina.
@b5 can you elaborate please? Thank
You
It is very sad to see how the whole group has disintegrated last few years. No one has any pride in what they put out, most of us who've been there for awhile have given up having any influence on what is unnecessarily sloppy work.
Below is a correct overview of the higher levels in management, all from investment banks and a couple with spouses at VZ with similar high level jobs.
Sad to see, I put in to retire at the end of August, there is nothing left to do if you're one who gives a shyte
@kp - yeah, some of them. Some of them who's families climbed poles in the middle of forests to to bring dial tone and familes closer together. The people who built the products and the wireless and the Internet. The people who built and GAVE to Verizon so that you can TAKE from it.
Let’s be honest — DEI didn’t create the dysfunction in FP&A. It just made it harder to ignore.
Verizon’s finance organization has been unraveling for years. Tools like Anaplan and Hyperion were implemented without ownership. Legacy talent was replaced with offshore analysts, vendor slide decks, and meetings that felt more like theater than decision-making. DEI became the convenient poster—but the deeper issue is this: a generation of so-called “leaders” rose by mastering compliance, not competence.
The newer directors? Many are smart on paper—MBAs, sharp talkers, good at playing the game. But beneath the polish? No conviction. No experience leading through real financial pressure. They manage up, regurgitate buzzwords, and cling to metrics they barely understand. They’re not leaders—they’re professional survivors.
In VBG and beyond, it’s not about who adds value. It’s about who aligns, who flatters, who makes noise at the right time. And make no mistake—this isn’t unique to Verizon. It’s happening everywhere. Finance has become optics-first, outcome-last.
DEI didn’t break FP&A. But it gave cover to an entire class of people who were never meant to lead—and now they are.
@OP by DEI do you mean the same old white men who father worked here and his father worked here. It's called nepotism not DEI.
VBG FPA has a DEI goal regardless of FCC letter.
SVP and VP are “cousins” adding more of their family to the leadership ranks. Same height too.
Speaking of FP&A, the VGS VP tells other teams to be efficient, yet hires high priced external candidates in the most high cost Basking Ridge location. Apparently an internal candidate is not capable of doing the job which is essentially an unneeded layer to review FPAS which does all the work. Quite the example of the art of the possible. A model for all of blatant hypocrisy!
This company will be a Harvard Business case for why DEI should be DOA. This company has not gotten one single thing right since the highly lauded Verizon 2.0. It is an absolute management clown car. The company boasts way more inane certifications while shedding customers to T-Mobile. The only thing that keeps the clown car running is that Hans sits on Blackrock's board, and Blackrock picks the leadership in most large American companies. DEI will fade away when McKinsey puts out some new management by best seller.
dont blame DEI for the stock price or the downfall of this place,lowell mcadams is the one that destroyed this company and you gave him a 60 mill retirement package and what was he "WHITE" then you hired the sweedish meathead to run this place..please wake up
https://www.eeoc.gov/what-do-if-you-experience-discrimination-related-dei-work
@aw in addition to the stock price, 100+ page decks are likely also proof of it.
@a8 For all of those who still may not know, your Pulse survey response is NOT confidential.
I remember a former VP in finance who was paid a 6,000 per year bonus for every woman he promoted to director or senior manager in one of the top finance groups. The company went out of its way to push white men out and asian women in. Verizon is a model to DEI and the stock price is proof of it.
Referring to only women being promoted?
We need a whistle blower... someone with inside info to come forward
Bring it up on the pulse of all the nepotism and grooming in the business.