Thread regarding Verizon Communications Inc. layoffs

Hans Vestberg, Verizon's CEO, makes 166 times as much as his average employee

Looks like all the telecom CEO’s are raking in $20 million plus annually while us in the trenches scrape by.
https://www.lightreading.com/services/overpaid-and-underperforming-meet-bosses-of-us-telecom/a/d-id/777205

by
| 1803 views | | 9 replies (last ) | Reply
Post ID: @OP+1gGkLIel

9 replies (most recent on top)

Virtue signaling can be very profitable! He cries about social justice and manages perceptions very well. Meanwhile he’s backslapping other multimillionaires and billionaires as he knocks back Champaign and jumbo shrimp. He flies around on the company private jet as he talks about reducing carbon footprint, typical limousine liberal. Total phony.

by
| | Reply
Post ID: @1Edag+1gGkLIel

@3aya+1gGkLIel and how would you measure that value?

In how many companies ruined? How moribund the stock price under his lack of leadership? Or perhaps how many billions of squandered Capex?

The value to himself, his family in Sweden has been fabulous! But for stockholders, customers, and employees? Not so much. Just sayin.

by
| | Reply
Post ID: @3kbk+1gGkLIel

He gets paid 166 more times because he’s 166 more times valuable than anyone else.

by
| | Reply
Post ID: @3aya+1gGkLIel

“Scrape by”
I know this is an unpopular opinion, but for the work that you do in “the trenches” you get paid fairly well.

Most people at the store are gloried cashiers making $20+ an hour vs a grocery store cashier making minimum wage

by
| | Reply
Post ID: @2cqi+1gGkLIel

The Median pay at Verizon is $122k? Is 80% of the company band 6 or higher?

by
| | Reply
Post ID: @1olh+1gGkLIel

So less than half the average that aint bad right? Still highest paid barista in the world though.
“ CEOs were paid 351 times as much as a typical worker in 2020”
https://www.epi.org/publication/ceo-pay-in-2020/

by
| | Reply
Post ID: @pwq+1gGkLIel

The whole board is really a Blackrock and Vanguard construct. What a bunch of politically correct connected know-nothings. Silver spoons in their mouths the whole way of life.

by
| | Reply
Post ID: @ghg+1gGkLIel

The whole BOD needs to go too. They are just a rubber stamp for the C Suite.

by
| | Reply
Post ID: @jdw+1gGkLIel

Hans is grossly overpaid and the company's performance has been atrocious under his reign as CEO. The BOD have to make a change before it's too late.

by
| | Reply
Post ID: @vxb+1gGkLIel

Post a reply

: