Will somebody please think of the poor shareholders?

Guys, let’s pleeeease all stop being greedy and wanting to keep our jobs. Here are some stats to show you guys how greedy you are:

Verizon ONLY made $5 billion in net income last quarter. That’s practically nothing
Worst yet, Verizon has ONLY made $20 billion in net income in the past 12 months. Practically bankrupt. Very unprofitable.
Headcount was down over 45,000 under Hans. That’s nothing!!
Since 2015, headcount is down ~80,000. Why not more!? Come on. Take one for the team, guys.
Our dividend is ONLY 6.93% so we only pay out $11.6 billion a year to our shareholders in dividends. This clearly isn’t enough.
Hans only made $24 million a year and Sampath only makes $13 million a year. This hardly buys you waterfront in The Hamptons.

You guys need to all stop being so greedy over paying your mortgages, your children’s college bills, and going to the supermarket.

We need to keep our shareholders and executives at the forefront of everything, because they are clearly suffering much more than we are.

I’ll be starting a GoFundMe soon because I doubt Dan Schulman’s bonus will be big enough, but I’m sure he has already asked Perplexity and brought it up at the dinner table with his family.

#Shareholder #Dividend #Headcount #ExecComp #Sarcasm

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@OP Zoom out to the bigger picture of the market and competitors, not to mention our own consistenty dismal results, and you see that @a3 is spot on. Thank heavens you're not the new CEO, otherwise Verizon's demise would accelerate. I don't fault you as you were probably educated in a public school by union teachers.

The obsession with shareholder value above everything else is going to see great companies fall apart or get ripped apart for short term financial gain. Employees are just collateral damage in all this

Let’s focus on what matters. Better matters! And be sure to complete your pulse survey and volunteer hours. We want to show full participation in our next quarterly update where we focus on surveys and tree planting vs how to achieve business results. Maybe run a 5k too. Let’s go!

Stock price stinks and has stunk and will continue to stink. Great if you want dividend income but buy a bond if you want that kind of income.

@a3 I would almost agree with you, that we have way too many middle managers and executives. But the ones being RIF'd are the good ones and we're going to be stuck with mo--ns who don't understand the systems or have a clue in actually managing people well.

If I could repost this, I would

@a3 sure Dan

@a3 You sound mad but were unable to point out a single thing I said that was untrue.

Plus you probably don’t even work here.

@a3 except you clearly don't work for VZ.

He has already caused so much fear in the company! Created a new position for his buddy that equates to probably 10-15 others needing to be let go. Awful start and TERRIBLE leader.

Absolutely well said. Not to mention the kickbacks Sampath family in India is getting through infosys.

Thread regarding Verizon Communications Inc. layoffs

Will somebody please think of the poor shareholders?

11 replies (most recent on top)

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