I wonder what BlackRock is instructing Hans to do with VZ, no doubt his allegiance after all, is to them -not VZ.
Break it up and Spin it off? Position it to be bought up by Amazon? ( and then jump ship with a Big Fat merger Bonus?) As someone else asked previously, what is the end game? Stock price is still in the toilet and nothing they have done has turned it around. Every single Quarterly earnings call is all gimmicks misdirection and smokescreen ……. if my metrics were as bad in my mid year and Yearly performance reviews, I would have gotten canned a long time ago. Only a CEO ( executive) has the Luxury to under perform and BS his way out of it at every turn.
8 replies (most recent on top)
Tank the stock price and get acquired....
Rightly questioned based on VZ performance , flat line revenue growth. Incurring huge debt with bad decision making skills. Inability to pivot and generate organic revenue growth . Canning 45 percent of the work force since 2017. With the new government change , he needs to go . He has take. A golden American company and turned it into entity which is sunk deep in sand . Some one will have to get him ousted and let an American blue blood run the company . American MBA and American engineer .
There is no doubt in my mind the only reason he hasn’t been canned is because his ties to Blackrock
Outside consultants were paid millions to review Verizon and provide suggestions, all before Hans arrived. Part of their suggestion was to reduce headcount 40%. My cynical brain tells me that they searched for a new CEO, and Hans agreed to implement all of the suggestions received from the outside consultants. I am sure he knew at the time that this will be career ending, so agreed to over $20M per year. When this is complete, unfortunately there are 25% more jobs to go, then Hans walks away >$200M.
The biggest problem is the Board of Directors.
If you analyze the decisions of this company from the standpoint that they are trying to destroy it, then they make much more sense.
Their purpose is to make blk rock friends, and executives rich while the American people continue to get tinkled on. They are not alone, vanguard and the other one’s all work together to make sure we have a d-mb d-mb rep in office. Here’s to 4 year more years of corp nonsense. I sure do hope the rich get more tax breaks. Hans needs a new lambo with fake 5G.
OP: long-time pondering question?? Same-old same-old, quarter after quarter!!! Frustrating!!! Indeed and absolutely correct!!! What is the prognostications relating to Amazon???
Re., Amazon, whether/if, within the cross-hairs relating to antitrust concerns, as is Google, then no Amazon related premium to the future of VZ's purchase assets???
Yes, but it’s not clear to me what the end game is for BlackRock