VLSS, Greenbelts, Blackbelts.... the entire program is a huge waste of expense dollars. It's just a home for unwanted managers who should have been cut while they lacking the skills or understanding of the processes they are tasked to improve. Why was VLSS the only group who enjoyed an expensive banquet earlier this year just so they could tell each other what a great job they do?
Here are a few cost savings ideas they missed. Discontinue VLSS Banquets (Better if we just eliminate all VLSS staff since they add no value). Eliminate and sell the corporate jet fleet (GE just did this as they are serious about reducing expense), Eliminate LTI entirely (they eliminated this years ago for staff below director level and it's time to eliminate it for the wealthy class also), Freeze executive compensation (let's stop rewarding poor performance), eliminate 20% of the executive staff (start here and eliminate more each month until we reach the $20B expense savings goal).
Posted by @PJ90h8K-1tjs, some really good ideas here. Don't expect to see them ever actually happen, though. This is Verizon, after all. Logic is not the strongest suit of the management, greed is.