Hans must’ve read “How to Lose Market Share in 10 Easy Steps” and thought it was a strategy manual. First, dump wholesale. Then, chase off loyal customers. At this rate, the only thing growing faster than ARPA is the exit line.
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Hans' job was to unite all of the major LOBs into one company, which he did. It was also to foster some 'brand new tech' in the way of 5G, which was a bad idea when it was first dreamed up and even worse now. Satellite does what Hans hoped 4 at a lower cost and less of a questionable impact on health. Renting out the network on the cheap was a big mistake, and so was ki-ling the fiber program. Now the company is an Honorable Mention instead of Best of Breed. Hans sux as CEO. Great actor in a foreign language, though!
Hans is a good dude. Most of us support him and believe in his direction. He’s just doing what’s right for the company.
Best Network is questionable at best. When he took over, VZ was number 1 of 4 carriers. Now we are 3rd out of 3. So many wrong decisions. The previous regime tried to diverse the business w failed ventures trying to be a tech company and then a media company. But we are failing at something we historically been good at and that is telecom. VZ slept on the switch when Tmo was uncarrierer everyone. Now they have more customers and a better network. It is literally like Vegas losing the gambling game to the tribal casinos. Nickel dime, excessive fees, mediocre service leads to a slow decline. Vegas was good at the gambling game. But hey, we have a fancy new Madison office! Like Wall St and the customers care.
'I can’t figure out Hans’ endgame — unless the strategy really is to drop wholesale, alienate loyal customers, cling to the old “best network” story, and still believe you can squeeze more from fewer users. There’s gotta be a plan here… right?'
He still gets his golden parachute and other CEO 'related' bonuses, no matter how much the stock goes down.
I can’t figure out Hans’ endgame — unless the strategy really is to drop wholesale, alienate loyal customers, cling to the old “best network” story, and still believe you can squeeze more from fewer users. There’s gotta be a plan here… right?