#boardofdirectors

Here’s another worthless perspective from a former VZW sales leader.

Large and substantial layoffs like this take several months to plan and put together. There’s absolutely no way that these layoffs were Dan’s sole creation from 4 weeks ago. I’m positive Dan voted for the move, along with the other board members, back when this was originally conceived and decided. This isn’t something you just cook up over a 3-day weekend.
Dan is doing what he should do in this situation and that’s simply taking accountability for the direction that VZ is heading for. That’s what good leaders do. It also won’t hurt that Dan will be much more effective in selling these changes to the street.
This really su-ks for everyone; I know because it happened to me in 2019. I’m praying for everyone that has or will be impacted. I have friends and family that are patiently waiting (not sleeping) for tomorrow’s meetings.
Good luck and peace.

Just out of a staff meeting with my LG member and she was downloading from the Leaders Group meeting they had last week. Apparently Doug Tere77on believes the Elliott argument is not grounded in anything and that he has disproven their thesis and predicts Elliott will not make any noise this proxy season.

Thoughts?

Go-Go has joined the BoD of Motorola.

Sell off company assets, assume lots of debt, the board pulls out tons of money in special payouts and destroys the company. Verizon is right on track. Get out before the real crazy begins.

I believe there’s a lesson here for the Board of Directors. It has to do with leadership accountability, starting with the ELT and cascading all the way down to front line management…. If nothing else, the BOD should have some questions about why this huge layoff was necessary. And I don’t think it’s all Ryan’s fault. This could have been avoided.

This whole sh*ituation is down to three things:

1). Hans. He was the CEO when we saw the company going from being leader in everything to leader in nothing an losing in the market. Buck starts and stops with Hans, all the while he spent more time at sports events than actually running the company. GUILTY.
2). The Board. They signed off on the plan every year. They are ultimately responsible to the shareholders. They need to be held to account and changed. GUILTY
3). The dead-beat VLT. They came up with, and 'executed' (right word) the plan that got us in this situation. In particular Scampath. GUILTY.

ALL need to be changed otherwise zero credibility. One down, two to go.

Thanks to the Johnny and Jeffrey sh-t show, our insurance tripled in cost. Same exact options at a worse provider. This is what Leadership and The Board thinks of us who gave them decades of our lives.

Since Amazon's leadership took over Walmart, the first thing they did was undermine the Walmart culture. Furthermore, they have become deeply entrenched, leading to frequent layoffs both in the past and present. No projects are progressing; everything appears to be at a standstill. It seems as though Amazon's board of directors has dispatched these individuals to Walmart as part of a covert operation to dismantle it, rendering Walmart internally ineffective. This strategy appears designed to ensure that Amazon can thrive exclusively in the retail market. The IT department at Walmart has been significantly disrupted for the past couple of years, making it challenging to regain its footing.

Schrodinger began laying off the clinical team today. They’re also ending “independent” clinical development, which really closes the door on their entire clinical pipeline - especially since these poor performing assets have failed to attract any partner interest even after years of development. The Chief Medical Officer is also leaving.

These actions highlight the failure of Schrodinger’s executive leadership and board of directors. Their inability to deliver any assets that can succeed in the clinic is a direct reflection their incompetence, inexperience and ineffective leadership. There’s a repeated pattern of poor judgment, weak decision-making, and avoidance of accountability. It’s amazing that, despite this utter abysmal performance, the C-suite and BoD has not been held accountable. It’s time to clean house and find competent replacements that can deliver results.

All of them getting kickbacks to outsource to only Indian
Sampat and Shankar took Han’s to Indian te------t PM and they promised more jobs for Indian
Now new CEO same with old plan
Can we replace CEO with AI?

Dan was head of the board of directors while we were losing market share. He nodded yes on all of it and let Hans run us into the ground. Tony was the CFO during this too. But we pay them millions now to fix what they caused haha. Only Verizon could be this stupid. Dan should have been thrown off the BOD and Tony should have been fired.

One of our posts about our su-k a-s security team and its crooked VP has hit over 100 thousand hits and counting. That is more than any other company has ever had on layoffs.com. One of the posts in that string has almost 4000 employees who have thumbs up the plead for help. That too is a record. Where have we gone as a company to sit mute to so many associates’ cries for help? It’s a pathetic record to have on this site and our customers see it. Hopefully the new company merger and shareholders and board of directors will see it and make the right decisions on who let this all happen and lay them off! Those records are embarrassing!

Will BoD replace Stankey? We all see huge decline in the stock value, stagnant innovations and network rollouts, stagnant cNPS, artificially driven Q results driven by soft layoffs, no obvious acquisition ahead and all time low employee morale after forced 5 days RTO....

https://www.barrons.com/articles/citi-ceo-fraser-bonus-called-excessive-560ac41b

Greed has no limits. Get rid of hardworking workers and make it hard for them to get roof over their head and food on the table while greedy executives splurge on expensive caviar and champagne. So much for board independence.

One board member’s vote represents the opinion of 10,846 T employees.

Do they represent your thoughts about the current state of the company?

Check out the link below to read a story from a whistleblower. This is exactly what has been happening at HCSC since ITOM in 2017. Don't believe me? Take a look at the ORG chart sometime and tell me this isn't happening. There has been a replacement of not only leadership, but all levels inside HCSC. Stories like this are just the tip of the iceberg too. Do you want to know who is responsible and allow it to keep happening? The Board of Directors that oversee this company and most likely the first two levels of our ORG chart.

They don't care about any of the people that have built this company or the people who work hard day and day out to support it. This post is not about politics and this is not about race. If you offended by it - take a breather, calm down, and try to process the information logically and not emotionally.

The last semblance of segregation of duties and independent oversight is gone. Not that Citi is the only one to do this. But well....

Where is Imperial's board in all of this? Aren't they supposed to be holding management accountable that any changes are in the best interest of Shareholders?

How is this good for Imperial? Move activities from Calgary to Houston where EM folks who are less familiar with the market will oversee the activities at a much higher cost, and then funnel more chargebacks to Imperial. Move activities to GBC's for sub-standard work from a bloated GBC headcount, while paying those folks to fly all around the world and racking up more opaque chargebacks. Move profitable Trading activities out of Calgary so EM can do it instead and pocket the $. How is that good for Imperial shareholders?

Relocate staff from Calgary to Edmonton, putting a huge amount of chaos into the business, incurring huge costs for severance, relocation, and then losing many of your best employees. You're left picking your team from whoever wants to move to Edmonton, which is a minority. All other energy business is in Calgary, so those staff in Edmonton will then have to travel back to Calgary regularly for meetings, incurring more cost and time. How is that beneficial to Shareholders?

I'm sure EM has put together a nice PPT showing the board that this is good for them, but shouldn't they be putting in some critical thought? How did the board say yes to all this? The board seems to be failing shareholders, and this is ripe for an investor lawsuit.

What is your best guess on when Geoff and his BOD get bounced? Rumors are flying (again)

He's likely preparing to sell his positions. If Elliot manages to get a seat in, get ready for some real vulture capitalism boys

How on earth does the CEO keep his job when he delivers this :
a catastrophic decline is stock price,
dividend cut to nothing,
declining revenues,
declining profit,
an acquisition of a loss making competitor,
staff morale at rock bottom, no pay rises for staff

and the only certainty is more redundancies.

How is this a ‘Re-invention’ ??????

This does not bode well. Have a look at CGI layoff. Same playbook. Mistreatment of employees, off shoring to India and layoff being the only solution adopted.

Just some food for thought regarding Glenview capital. Remember in the deal they made with CVS, they got 4 seats on the board. (In addition to obviously getting the CEO replaced as well) That said, with four seats on the board of directors, they want more than just a seat at the table, they want a say in how the company is operated. Glenview is private equity, remember that. Look at Walgreens getting bought out by private equity and already Sycamore has wasted no time making cutbacks. It might explain everything that’s happening right now at CVS. Private equity is behind the scenes calling the shots. And private equity is all about money and profits and maximizing value for investors, at all costs, and nothing else.

Steve B et al have run an iconic company to the ground. Buying a dollar store company like Lexmark was a terrible, terrible move (just like the many, many before). What a complete joke this company has become. No merit increases, no 401K match, pretty much everything for the employees blow up or 'suspended', meanwhile Steve B, Bruno, Mirlanda, etc all gave themselves raises and padded their payout when they leave. The board is asleep at the wheel, or wants to see this head down the tubes. Fu-k Steve B and his stupid plans. Run for the hills, the layoffs and the continued bad news for the people who actually do something here are her for good.

Every town hall we hear the same message from the execs in that they go to all out global offices and meet ‘amazing’, ‘innovative’, ‘inspirational’, ‘hard working’ staff etc etc.
I can’t say that any of the execs I’ve seen on the town halls has given me the same impression or confidence, they might be hard working but who actually knows, so what oversight does the board have on their appointees and how good they are as it doesn’t seem to be much?

There are rumors about member floating around. Allegedly this member had an inappropriate relationship with a certain c-suite executive.

YTD, 5 year, 10 year returns in abolute percentage.

Fds. -40. -12. +77
Msci - 7 +60. +840
SPGI. -2. +32. +450
SP500. +14. +100. +250

https://finance.yahoo.com/news/honeywell-board-directors-sets-record-110000055.html

Will there be an ouster? Will two-watch take the reins? The mind boggles!

Could be our new CEO?

Announced today two new board members from Elliott. First I had heard about them since Elliot was announced in July. The name Patricia Watson ring a bell? Former CIO of TSYS before the merge.
https://stocks.apple.com/AwYVr2N0ZQEy9uQPQVwbyJg

Any guesses as to the subject(s)

No longer with APA but hear they sent out an employee survey. Won’t be surprised if minions just lie and APA named a top 2025 workplace. Be honest or don’t fill it out at all, but please don’t lie. Also, why does this cr-ppy company need a CEO and a President? Fire the CEO and save $10m easy. Sitting back on the side and watching this company crash, I feel bad for all the employees that have been there for years. Worthless board, hasn’t done it job and now it’s too late and won’t make a difference. Only hope these fools at the top have is to try and sell the company.

Shrink, shrink goes the workforce.
The price of stock follows.
Down, down goes NPS.
Investor, customer and employee trust all lost
Ring ring goes the mckinsey cash register. The only thing that goes up
3 years. We’ve seen enough.
Time for the board to make a change

With all the Code of conduct , Ethics communications going out, is Having Walter Goggins as the Walmart commercial spokesman a bit Hypocritical? Great actor, funny at times, but much (like 98.6%) of his stuff clearly crosses lines of Code of Conduct. What's the message here Board of Directors ????

Everyone's whining about Mark B, Sandy, Duggan, Savinay, Shannon, etc ..... But you're barking at the wrong tree. It's the board that everybody should be pi---d at. They are the ones who enabled this mess, fostered it and encouraged it until such point where it became counter-productive and too legally risky to keep Mark B in charge. Yes, all the above people contributed in no small part to this mess, but the board is the source of all evil. They are the ones who should have been fired a long time ago by investors, if said investors truly cared about this company growing. Breaking news, it's not meant to, never was. It is (was) a cash-cow and nothing else. The acquire and trim strategy was not born with Mark B. It was always the brainchild of Jenkins, Sadler and Fowlie. This is how OpenText grew since the beginning. So ask yourself what's going to change with Mark B gone? Not much. A new CEO, maybe a new ELT, a trimmed down OT but deep down you can't turn a tow truck into a ferrari, not matter how much visionary or smart you think you are on topics like AI and information management (yes, looking at you Tom J). Once OT 2.0 is more or less in a functioning order with a balance sheet that's not threatening to cut its jugular, the good old habits will come back. That said by the time that's done, the world will have changed dramatically and the amount of catch-up OT will have to do will be massive even compared to their situation today.

So if BP is a terrible CEO why did another Blues plan or any insurance company hire him as their CEO? Rumor is the board here even forced him out- So why was he hired for the same position or any position? Not taking up for him-just curious

Fire the CEO to control costs!

What questions do you wish they were actually asking the EC?