Hans Vestberg and leaders took stage in NYC to share Verizon’s vision and strategy, powered by our #5G network, that’ll source our growth over the next couple of years.
https://vz.to/3pq31UW
Verizon expects to generate service and other revenue growth of at least 4 percent in 2024 and beyond and to lower capital intensity to below 12% in 2024; and will now consider share buybacks when the company reaches a 2.25x leverage ratio.
"Congratulations to Verizon for being named a JUST CAPITAL top 10 public company and #1 in the industry for effectively implementing a stakeholder centric approach. JUST CAPITAL defines stakeholders as workers, customers, communities, the environment, and shareholders. Workers?"
This means the dividend is in trouble because profits are no longer important.
Claw back executive pay you will save tons there. How about eliminating the 40 million dollar golden parachute to the head honcho. There are tons of college graduates who will do a better job leading this company as an intern for no pay just the opportunity.
Congratulations to Verizon for being named a JUST CAPITAL top 10 public company and #1 in the industry for effectively implementing a stakeholder centric approach. JUST CAPITAL defines stakeholders as workers, customers, communities, the environment, and shareholders. Workers? That's right workers which gets right to the point. To be truly deserving of this award, Verizon needs to step up it's game and eliminate the RIF culture and take care of their own workers. Verizon needs to replace the RIF culture with an internal human prosperity program by preparing workers for jobs of the future by reskilling rather than RIFs and labor reductions. The Social Awareness efforts are disingenuous as long as we continue to have RIFs. It's time for Verizon to be a leader and do the right thing by eliminating the RIF culture.
watch. Hans is the bad man who will break the dividend. Just like he was the bad man at his prior place and laid off almost 20,000 in Sweden. No one wants 5G but a few people and there is no real incremental revenue to show for the investment. TMUS has the right idea and let us and AT&T make all of the boo boos and waste all of the money. The "network" as a service is ki--s the differentiation and thots it out to all the MVNOs. There are not many grey cells to be found anymore in the executive suites.
all the cash is flowing out to vendors and power company for the 5g build
mmwave cell sites require power. the signal only goes 50 metres and blocked by tree and brick and windows. so they install more cell sites which carry 1 user per day.
If Verizon could rollout more 5g ultra coverage they could accelerate revenue. T mobile is taking a lead position.
Deliberate Divestment: IT, brick and mortar stores, and who's next?