Thread regarding Verizon Communications Inc. layoffs

Post ID: @dbs+1nxaslNu

Ok, GTE, good recall.

G, no GTE!!!!

Corporate fraudster: RIP, Bernard ("Bernie) Ebbers.

GTE had sold Sprint long before there was even a post-twinkle thrill following Chuck and Ivan's tete-a-tete at Winged Foot golf club in Westchester County in the early summer of 1998.

BEL and GTE would not close their deal for another couple of years and still a few more years before the BEL properties would get long-distance approval from the FCC. This is what led to the spinning off of GTE's brand new Tier 1 Internet backbone network which would become the largest dot.bo-b IPO Genuity, and the reason for purchasing the much older and less maintained MCI Uunet.

Had the late great Chuck Lee been able to close on MCI instead of bad boy Bernie Ebbers, then there would have never been a Verizon. Verizon only came about because Chuck Lee lost out on his bid to buy MCI. True story.

Clarify, just to be clear, GTE sold Sprint not the amalgamation resultant to Verizon's birth -- as of Bell Atlantic + GTE.

Boneheaded GTE decision to sell Sprint but was this a pre-condition for the Bell Atlantic merger to be approved -- whereby elevating Charles ("Chuck") Lee [RIP] to the beginning of the Verizon curse??

The legacy nonsense at Yahoo was the definite buzz ki-ler for profits. They just refused to integrate with Verizon, thinking that their name and reputation carried far more weight than they did.

I remember Yahoo being one of the capstone project companies in business school some time ago. What is funny is that it has not changed much since the late 1990s. They have lots of good assets but too much South Asian bias in business decisions while ignoring all of the money on the table in the USA.

Just like what ultimately happened with a losing Sprint turning into a long-distance, powerhouse once GTE/Verizon sold them off, my guess is that Appolo will make a bundle off of turning YHOO into a money-making machine. Good luck to them!

Post ID: @ifq+1nxaslNu

Agree. PE, private equity, firms' latitude to make changes.

Such as X, formerly Twitter.

….and all this time I thought VZ sold it so it could be profitable under another enterprise. I didn’t know Verizon had the expertise to run an old dot com businesss. Guess the op really educated us.

You can make any of these parts profitable if you remove the legacy bloat. Difficult for VZ to do without risks of getting sued, easy for the private equity groups to do because that's their business model.