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Verizon Communications Inc. Message Board

  • PGHTRIP PGHTRIP Jun 21, 2001 1:24 PM Flag

    Upper Mgt. Leaving in droves

    Are they getting an offer they can't refuse ?
    Is there going to be a buyout for middle management ?Any rumors

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    • rumor is mgmnt rif in august - no buyout planned- bsg/ld/consumer announced reorg yesterday - sales and marketing separating didn't realize until yest that 260,000 employees at mergertime, will have 200,000 soon - reorgs across board not just bsg/ld/consumer

    • Most of them were offered a retention bonus to stay for at least a year after the finalization of the merger. That year is now over. They can take their lump sum retirement and their retention bonus and either retire or find another job with a pocket full of money to ease the pain of leaving such a wonderful work environment. Besides, with the economy going down and Verizon will miss their revenue targets, the bonuses for 2001 are going to suck big time; except those for Chubby and Ivan, they of course will get more and more while the stock does NOTHING!

      It must be great to be at or near the top of this organization. With the wages they pay, we shouldn't have trouble finding replacements for these new millionaries that are leaving. They is probably a line around 1095.

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