Being dropped from the Dow was a wake up call. The stock has struggled, morale has taken a hit, and many employees and investors are questioning the company’s direction. CEO Dan Schulman seems increasingly disconnected from those concerns. Cutting costs can only go so far, Verizon needs a clear strategy to rebuild confidence, grow again, and prove its best days aren’t behind it.
7 replies (most recent on top)
@aj Cost cutting is not a strategy. It is a tactical response to financial strain.
A true strategy dictates how a business creates and delivers value, with costs merely being an outcome of that strategy.
Two possibilities:
- There is no strategy except for the self-serving CEO and BOD
- There is a real strategy but they aren't sharing it because its goal is not good for VZ long-term and it won't deliver intrinsic value to the company
Look whats happening over at AT&T - Labs closing etc. Allot of offshoring happening and no one speaks up for the worker bees that once enjoyed doing telecom. Darn shame on whats happening to the experienced folks.
I think he knows what he is doing. None of us like it because it is hard change. Drive customers to digital, automate everything possible, reduce overhead, get off brick and mortar and inventory. All of the big 3 have or will have the same model when said and done. Lack of new customer growth does not support the old model so massive change will take place. The strategy is pretty clear to me. For those hanging on to things like “customer experience” and “network superiority” are living in the past. It su-ks to see it happen but that’s reality.
Google Verizon Board and read profiles.... zero probability on Strategy and Execution.
Then look at Dan's direct reports.
Zero
Probability on strategy and execution.
Then go to EWeb and look at DEI foundation of Sr Directors/AVP
Next move to Comcast/Spectrum merge
impossible with current leaders
Ingorance is bliss...!! Lol. Maybe another pulse survey will do the trick!!
Obviously, its best days are behind it and it applies to the entire sector. AI is no panacea as demonstrated by Ford recently