They keep hiring management that don’t manage anyone but tell everyone else to cut expenses so they can fund a few more directors and VPs.
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Verizon has more competition than you can shake a stick at dope...
Enron had competition, Verizon doesn't have competitors. Verizon could waste billions on Aol & Yahoo and still be fine.
Working in the telecommunications industry is eerily similar to 1970s Soviet Union.