Levendos has been selling off his RSUs according to SEC filings. Maybe there is some truth to piche taking over.
27 replies (most recent on top)
Any truth to Levendos being out and Cathy running towers and network?
Unfortunately I am not C-Suite.
I would like to think Ackerman is still blogging somewhere out there.
@izsy+1i2sEf8D That would be kind of cool.
It would be funny if we traced Bae Jrowns IP address and find out he’s really Jim Young.
Cooking the books recently? Anyone who has been around Crown Castle for more than two years on the tower side knows it was common practice to inflate SGM while competing with other Districts/Areas within Crown. Kind of surprised that no significant management roles were sacrificed after the SEC investigation.
https://www.bizjournals.com/houston/news/2020/02/27/crown-castle-to-revise-financial-statements-after.html
@dlea+1i2sEf8D I do not think they are "cooking the books" intentionally. However I know that there are large amounts of assets that we do not know how to calculate margin for. Do they know about this? - they have to. Do they tell investors this? - I've never heard them admit to this on any earnings/public facing call.
So, the boots on the ground say there is no real way to know for sure how much income some assets produce. This phenomena has only really been pursued for at least the last four years, so surely they are not far away from having this problem solved. /s
I feel the bigger picture is the metric that CC uses to say it is incrementally improving, and that metric is BS. Charlie Munger and Warren Buffet say that EBITDA is BS. (https://www.morningstar.ca/ca/news/182454/is-ebitda-as-bad-as-buffett-says.aspx)
@dddc, understood. I have a suspicion that Jay and company have been cooking the books all year to make the earnings look like it’s up. If they’re smart, they’ll continue the good news story throughout the rest of the year. So that means we probably have another good 6 months of employment until it all implodes. LOL
@culf+1i2sEf8D
I'm not going to disclose that, sorry. But also, my source isn't my boss it's other relationships that hold weight. I understand that doesn't give any confidence so feel free to take it or leave it but for what it's worth I have relationships with people who have relationships at the top and I was told things are being discussed and if it happens it'll be in October.
@cctt, what level of your boss? He obviously knows a little more than mine since he knows it depends on Q3 numbers. My boss is M1. I’m trying to figure out at what level do they have these discussions. That way, I know who to prove with the hard questions. We need to know this stuff. Our livelihoods depend on this stuff. Thanks!
I'm the October guy. My source said the decision hasn't been made yet. Depends on Q3 numbers and the ability to use that for the full year's impact. I can tell you the last one wasn't known by us peons very far in advance, I wouldn't expect your manager to know until a few days if they have to make decisions, or the day prior if they aren't impacted.
So what is the answer to the question? One guy says it’s going to be October with the caveat “if it’s going to happen”. Does anybody know anything about if layoffs will even happen? Who has the accurate info? My boss won’t tell me cr-p which makes me suspicious.
Tower, Lightower, culture, we’re arguing semantics at this point. I think we all agree that we have a culture problem and at least from my perspective, it didn’t start until fiber came into the picture.
With that in mind, the last couple of posts is just arguing for the sake of arguing which is a waste of time and typical of personalities associated with Crown. That’s why we will always trail behind our rivals.
I think towers has a culture problem. I don't think towers is light tower, which was the conversation.
@1fnd+1i2sEf8D, first of all, it wasn’t me that made the LT reference. But I don’t entirely disagree with it.
If you think we in towers don’t have the same culture problem that our fiber counterparts have, you’re either part of the delusional EMT or you don’t work at Crown.
As far as fiber, yeah, the EMT doesn’t talk about it much because they know it’s a money loser and there’s no way to recover the wasted cash. I don’t blame them for wanting people to forget that ongoing fiasco.
@1doi+1i2sEf8D No, you dolt. Stop trying to move the goal posts. Towers has its own problems but it isn't ran by light tower, which is what you said. Only fiber uses CRM, and soon small cell will too.
You implied our business is ran through CRM. Fiber is barely discussed by the EMT, it's just a resource for small cell. Low MRR, high capital, short contract terms. We only even deliver fiber to extend our footprint for our shared wireless business model.
@1diz+1i2sEf8D So you think we’re treated great in the tower side? I beg to differ. I see the same cr-p culture in towers that I hear about in fiber.
@1fnd+1i2sEf8D only the network side, not towers
@1idc+1i2sEf8D In case you haven’t noticed, crown is Lightower by virtue of adopting the LT culture. Crown is just a name. The old company spirit and culture doesn’t exist anymore.
@1njw+1i2sEf8D
The problem is business process ARE the managers with 1-2 direct reports lol.
@1atk+1i2sEf8D
CRM?!? We're talking about Crown not light tower.
@jgm+1i2sEf8D LOL. What data would that be? An excel spreadsheet with 200 useless columns designed by some useless district manager that forces his OC to maintain? I think we all know that crown doesn’t have the talent to spell data let alone collect it. Especially not through the garbage CRM that we use.
Oh wait, wasn’t the digital transformation team supposed to introduce a new CRM system? Maybe I’ll ask by shooting a message through Teams since that is the only new tool they introduced in the last 2 years. If anything, they should all be laid off.
First of all, our “business process” team knows nothing about our business so if CC is relying on them to improve out processes, CC is in for a big disappointment.
Secondly, if these business process teams knew anything, they’d be looking at the lower to mid level managers who only have 2 or 3 direct reports. Do we really need these so called leaders? How about we get rid of the M1 and M3 levels? How about not having so many VPs?
Business process is looking at the 'data'?! Pretty hard to draw conclusions based on the current state of our data...
Here is something that is not a rumor. Business process teams are actively surveying CC employees as to what they do, how long it takes them to do the tasks they do, and assessing the value of the tasks the individual contributors do.
For some historical perspective: the last time business process teams surveyed individual contributors across the organization was right before the last round of layoffs.
When people get laid off in response to the upcoming economic crisis, CC will offer a poison pill. Either accept your job loss now, or work until your termination date - the pay is the same either way just like last time.
Start looking for extra work now and build your safety net. CC isn’t going to help an IC make a safety net. CC won’t give you two weeks or any valuable notice. By the time CC lays people off, it will be too late. Stay safe.
That’s all rumor. We’re hiring right now. Nobody is talking about cuts. At least not in the south region.
Rumor mill says October, if it's going to happen.
Any info would be appreciated.