S_engineer Premium Member join:2007-05-16 Chicago, IL
2 recommendations |
"Wall Street punished us for investing in FIOS."So anything that moves America forward, gets pushback from the new American aristocracy known as Wall Street. Chinese wages...here we come! | |
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Re: "Wall Street punished us for investing in FIOS."said by S_engineer:So anything that moves America forward, gets pushback from the new American aristocracy known as Wall Street. Chinese wages...here we come! C'mon S, got to keep that stock price up!! Never mind a bigger payout later, we need cash now!! | |
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2 recommendations |
Re: "Wall Street punished us for investing in FIOS."said by FloridaBoy:C'mon S, got to keep that stock price up!! Never mind a bigger payout later, we need cash now!! gone are the days of long-term investment...now it's all instant gratification! | |
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Re: "Wall Street punished us for investing in FIOS." | |
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1 recommendation |
to serge87
It's time our nation start a national project to install FTTH, just like we did with roads, water, electricity etc.
Imagine the hundreds of thousands of jobs it would create alone. | |
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| | | | Smith6612 MVM join:2008-02-01 North Tonawanda, NY |
Re: "Wall Street punished us for investing in FIOS."We "tried" and failed. I think the Broadband Stimulus was supposed to go towards some FTTP. | |
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1 recommendation |
Terabit
Member
2012-Mar-23 10:58 am
Re: "Wall Street punished us for investing in FIOS."We have never tried anything like this on a national level, it;s all smoke and mirrors. The tools we have given the FCC for example are a joke and useless.
GOP voted against any broadband initiatives. | |
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| | | | | | 25139889 (banned) join:2011-10-25 Toledo, OH |
25139889 (banned)
Member
2012-Mar-24 12:58 pm
Re: "Wall Street punished us for investing in FIOS."what tools where given to the FCC in terms of the Internet and broadband? their studies? that's all they will be is studies. and nothing more. just lame "rules" that will NEVER be enforced. And wasted money on them.
FiOS was dead when the customer subscriber count was WELL BELOW what they even said it would be. Why would you want to spend that money and not get the customers to change over? Customers do NOT like change; and it has been proven over and over again; customers with more than 3 choices can NOT make a decision what they want to start off with. And you want someone to deploy on a national level- then you need to go tell Dane Jasper that his company needs to take on some debt and start building out; because after all he's not for America. | |
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| | | | S_engineer Premium Member join:2007-05-16 Chicago, IL
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to Terabit
said by Terabit:It's time our nation start a national project to install FTTH, just like we did with roads, water, electricity etc.
Imagine the hundreds of thousands of jobs it would create alone. That's good, but I'd take it several steps further....regulate it as a utililty. Install federal, or local pucs to regulate this utility per region. Define a cap as a price forcing the isps to justify cap range for in the given context of it's technology ( i.e. Fios vs Docsis 3). Extend this to wireless as well. All Pucs are to be made up of engineers with zero political affiliation. Also forcing isps to justify all price increases...not to just placate Wall Street. Now some will argue that this would be a socialist gov't take over, well...I hope you use that same argument for those that monitor communications. Remember...if it's got a meter, it's a utility | |
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2 recommendations |
Terabit
Member
2012-Mar-23 10:54 am
Re: "Wall Street punished us for investing in FIOS."We did it with the interstates, why not do the same with something as crucial as our data networks...
I noticed the Aussies are rolling out a national wholesale FTTH network. That way their government owns and control the underlying infrastructure, while much like a road, any number of businesses can utilize it and resell their services over it.
Once again government will have managed to create a significantly more competitive market than the private sector alone; which in reality, contrary to GOP rhetoric, for obvious reasons hates competition.
The fact is that the private sector does not have the stomach for long-term investments mandatory for projects like this.
This quarterly-driven outlook is also why the world has significantly overtaken us in infrastructure and large scale projects and quite frankly it's a weakness that countries like China are exploiting.
This private only policy post Reagan has failed America in every aspect. | |
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itguy05
Member
2012-Mar-23 12:45 pm
Re: "Wall Street punished us for investing in FIOS."said by Terabit:We did it with the interstates, why not do the same with something as crucial as our data networks...
I noticed the Aussies are rolling out a national wholesale FTTH network. That way their government owns and control the underlying infrastructure, while much like a road, any number of businesses can utilize it and resell their services over it. No thank you. I don't want to live in a country where the government can control Internet traffic. Look at Middle Eastern countries where the government can and does block or turn off Internet Access. Heck, look at the SOPA/PIPA acts and tell me you want the US Government regulating things. No F-ing way. | |
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Re: "Wall Street punished us for investing in FIOS."said by itguy05: I don't want to live in a country where the government can control Internet traffic. While I would personally like to see some sort of effort to expand our broadband capabilities, I too have a strong distrust in having the government do it. Our government has proven itself time and time again to be careless of our privacy and wasteful of our dollars We need a solution but I just don't believe having the government implement and control it is an appropriate one. | |
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| | | | | | | S_engineer Premium Member join:2007-05-16 Chicago, IL
1 recommendation |
to itguy05
Please...don't confuse our current gov't with effective gov't...if effective gov't had been in place SOPA/PIPA would have never reached the floor, and a law enforcement arm of the federal gov't (I.C.E) wouldn't be in servitude of the MPAA/RIAA. And as far as controling Internet traffic, the gov't already monitors all traffic, outsources communication monitoring to ATT, Verizon, and others, and allows companies to datamine all of your personal information for the purpose of building aggregate personal profiles so you can be more efficiently advertised to. That's okay huh? | |
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to itguy05
said by itguy05:No thank you. I don't want to live in a country where the government can control Internet traffic. Look at Middle Eastern countries where the government can and does block or turn off Internet Access.
Heck, look at the SOPA/PIPA acts and tell me you want the US Government regulating things.
No F-ing way. Tin-Foil alert. First off, it's a flawed rationale, as if "the government" really wanted to block everything, private or public, it could do it anyway. For example, a government can still block a private road. These are all baseless and paranoid delusions anyway, and using the middle-east to make any point is grasping for straws. Now back to reality. Personally, I am more concerned that we are being bent over by private monopolistic corporations, who are now colluding to further increase their own profits at our expense. Moreover, forcing us to put up with these sub-standard products, while giving crap to those "socialist" that are beating us. Much like roads, I'd rather have the appropriate wholesale model in place, which as aforesaid, allows a multitude of service providers to compete and sell their services over. The profit-driven private model always fails when it comes to crucial services. | |
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vernc
Anon
2012-Mar-26 7:55 pm
Re: "Wall Street punished us for investing in FIOS."If those "socialists" are beating us it is mostly because they are in a growing economy as opposed to our stagnant one.
In any case, these broad anti-corporation sentiments are just as careless as the pro government as the solution sentiments. Ive got some news for you --- its all people folks. Governments, corporations, they are all made up of many, many people. They are equally subject to the temptations of power and money (essentially the same thing).
I personally love my fios. Its the best broadband and TV quality Ive ever had. Its a shame that Verizon has abandoned it. And if there is possibility they have colluded with the cable providers then the FCC should take a serious look. But make no mistake, if wall street wasnt ready to support financing the billions it would take to continue the fios build out then thats just the facts. | |
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| | | | | | 25139889 (banned) join:2011-10-25 Toledo, OH |
to Terabit
because the PUCs already are up the asses of ATT and Verizon. In Ohio they managed to get the PUC to strip away the Minm. Telephone Standards as long as a customer has "bundled services"- ie; long distance discounts, Internet, etc.
And when the Gov't starts managing the networks; we'll have our wonderful blogger and the rest of this following on here bitching about how the NSA is now able to obtain more and more data about you and it should be illegal. Well news flash- anything that goes over the Gov't networks; is the right of the Gov't to read, inspect and otherwise use. Gotta love the catch on that.
and the private sector does NOT want the network build any further is due to the former CEO promised up take would be higher than what it is. When actually everyone KNEW it would NOT be. Customers do NOT LIKE CHANGE. FiOS is not worth it for Internet with the higher speeds as other networks will NOT transfer you data that quick. So you pay for something you can NOT use. Pointless and waste of money. | |
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Terabit
Member
2012-Mar-25 11:46 pm
Re: "Wall Street punished us for investing in FIOS."said by 25139889: Pointless and waste of money. Maybe for someone out of Ohio but not for the rest of us - no offense. Then again, Ohio is the same state that doesn't want high speed public transportation either. | |
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vernc to 25139889
Anon
2012-Mar-26 7:55 pm
to 25139889
FIOS is an outstanding service. Nearly everyone I know has transferred to it. The performance and quality are a huge improvement over Time Warner. | |
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skuv to Terabit
Anon
2012-Mar-23 10:36 am
to Terabit
Unless you are going to get private citizens to do it themselves without permits, it's not going to happen.
The telco lobbyists control this. If it's going to get done, it's going to get done under their terms and for their benefit. | |
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| | | | axus join:2001-06-18 Washington, DC |
to Terabit
There was a lot of fiber investments after the dot-com boom. I read an article (linked from here?) about how much money was lost on unused fiber, and how some companies are in the business of finding all this lost or unused dark fiber. Then they put it to good use. | |
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| | | | | 25139889 (banned) join:2011-10-25 Toledo, OH |
25139889 (banned)
Member
2012-Mar-24 1:16 pm
Re: "Wall Street punished us for investing in FIOS."It can be used only as half the last mile. And most don't even reach into the neighborhoods. So you still have to pay to expand that. And hope the fiber was never damaged. most of those companies have long gone out of business and the fiber sits there. | |
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to axus
It can be used only as half the last mile. And most don't even reach into the neighborhoods. So you still have to pay to expand that. And hope the fiber was never damaged. most of those companies have long gone out of business and the fiber sits there. This is one company that actually uses the fiber they purchased; » www.zayo.com/ was KMC Telecom and then Century and now its Zayo. But still does NOT cater to residential use and NOBODY will. Google will tell you how much it costs and problems they're having trying to do it on the cheap. They thought it was possible and its not. after KC they'll be done with their build. And in 2-3 years it will be closed. | |
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| | | | Kommie2 (banned) join:2003-05-13 united state |
to Terabit
But thats EVIL SOCIALISM!! | |
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| | alchav join:2002-05-17 Saint George, UT |
to FloridaBoy
said by FloridaBoy:said by S_engineer:So anything that moves America forward, gets pushback from the new American aristocracy known as Wall Street. Chinese wages...here we come! C'mon S, got to keep that stock price up!! Never mind a bigger payout later, we need cash now!! Verizon took a big chance with FTTH, and they laid a lot of Fiber, but did you Guys buy it up? No, you want more competition and cheaper rates. Yes, Verizon is a Business and they need to make a profit to run this Business or they won't be around tomorrow. Verizon expansion may have stopped, but like any Business if you approach them with a sizable interest, I'm sure Verizon will listen. | |
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Re: "Wall Street punished us for investing in FIOS."Actually, I did buy it up. I have been a Fios customer since '07.
However, if you don't upgrade and maintain your plant, how are you going to make money in the future?
Fios accounted for 6 Billion in Revenue for the fourth quarter. It accounted for over 20 billion last year in revenue for them. How is that a fail?? Most businesses would kill for that kind of revenue.
The only reason the landline side is hurting is because they have two networks to the same place. That would suck to have to maintain that kind of scenario. | |
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| | | | CXM_SplicerLooking at the bigger picture Premium Member join:2011-08-11 NYC |
Re: "Wall Street punished us for investing in FIOS."Many people bought it up. One only has to look at their yearly financial reports to see they are making a butt-load of money on FIOS. The reason they stopped the FIOS roll out is not because they weren't selling it... it was because they don't want to be a LEC anymore, they only want to be a (non-union) wireless company. | |
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to alchav
how can i buy fios when verizon denied it to us then sold us to frontier thus ending any thought of seeing fiber here. | |
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to FloridaBoy
Florida Boy I guess you don't care about the workers that built FIOS that won't have jobs and have made Verizon and stockholders money. So what if they loose there jobs, right? | |
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| Tomek Premium Member join:2002-01-30 Valley Stream, NY |
to S_engineer
Re: "Wall Street punished us for investing in FIOS."Companies are driven by profit. Investors want their low-tax income and care less. I remember when verizon was defending FIOS push. And now I can actually see the point. With the advent of mobile devices people are no longer connected at home. | |
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| | JeffConnoisseur of leisurely things Premium Member join:2002-12-24 GMT -5 |
Jeff
Premium Member
2012-Mar-23 8:42 am
Re: "Wall Street punished us for investing in FIOS."said by Tomek:Companies are driven by profit. Investors want their low-tax income and care less. I remember when verizon was defending FIOS push. And now I can actually see the point. With the advent of mobile devices people are no longer connected at home. We'll we're connected everywhere now, but if you asked me "Do you cancel your Fios or do you cancel your cell phone", I'm cancelling my cell phone. High speed internet connectivity in the home is extremely important to me. | |
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| | | tdar join:2004-04-05 Alpharetta, GA 2 edits
1 recommendation |
tdar
Member
2012-Mar-23 11:20 am
Re: "Wall Street punished us for investing in FIOS."said by Jeff:said by Tomek:Companies are driven by profit. Investors want their low-tax income and care less. I remember when verizon was defending FIOS push. And now I can actually see the point. With the advent of mobile devices people are no longer connected at home. We'll we're connected everywhere now, but if you asked me "Do you cancel your Fios or do you cancel your cell phone", I'm cancelling my cell phone. High speed internet connectivity in the home is extremely important to me. Your comment shows just how out of touch Wall Street is. It's clear that you are willing to pay for both your Verizon Cell Phone AND your Verizon FIOS. Only a idiot or a Wall Streeter (sorry for the redundancy) would set up a situation were they receive one recurring revenue stream where they could have TWO. | |
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to Tomek
said by Tomek:Companies are driven by profit. Investors want their low-tax income and care less. I remember when verizon was defending FIOS push. And that's why they should be OK with FIOS. We've been looking at houses lately as we just sold ours. In those houses that had FIOS available every one of them had a FIOS box on the wall. Those that were not vacant many were also FIOS TV subscribers as well. I know in our neighborhood (got FIOS in 2008) I'm seeing more and more FIOS Boxes show up on houses. In the house we just bought you can get FIOS and I'm thrilled. No Comcast (I would have dealt with them) and hopefully I can just take my FIOS boxes with me. It is a great product and much better than Comcast. Shame they won't build it out more. As a Verizon shareholder I'd like to see them in a better long term position than short term. quote: And now I can actually see the point. With the advent of mobile devices people are no longer connected at home.
Really? People need good connections at home. I know I work from home, have an online bakup, VOIP, and an Apple TV. I love our 20/15 FIOS connection with no caps. I also love my data on the go but I need a good connection at home. I don't know anyone that has given up their high speed internet for the stuff on their phone. And with overages and limits I don't see that happening any time soon either. | |
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to Tomek
That wasn't what Verizon was being beaten up over at the time. Plus, think it could be a bit of a self fulfilling prophecy? Poor broadband at home leads to increased reliance on mobile networks? | |
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to Tomek
Sorry, but this seems completely off base, with incredibly stringent wireless teirs home broadband is more important that it was when smartphones came out, your never going to sit around and surf youtube and watch netflix regularly over a LTE connection unless the pricing changes drastically, even our tablets users have shown a clear preference for wifi only devices because cellular data is too expensive.
Not to mention simply physics, their will always be more bandwidth at cheaper prices over wired connections, it's simply a extremely less finite resource than wireless spectrum.
Stopping the FIOS rollout was about one thing short term investor thinking, which is why america is falling behind, short term quick buck thinking. | |
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to Tomek
said by Tomek:Companies are driven by profit. Investors want their low-tax income and care less. Of course but if they do not strike the correct balance between short term profits and long term investment they fade away. Companies are increasing walking away from the task of increasing long term share holder value in favor of short term profitability. /tom | |
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| | | CXM_SplicerLooking at the bigger picture Premium Member join:2011-08-11 NYC |
Re: "Wall Street punished us for investing in FIOS."Unfortunately, too many companies have the view today that long term investment is unnecessary, exponential growth is where the profits are. | |
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| Smith6612 MVM join:2008-02-01 North Tonawanda, NY ·Charter Ubee EU2251 Ubiquiti UAP-IW-HD Ubiquiti UniFi AP-AC-HD
1 edit
1 recommendation |
to S_engineer
Re: "Wall Street punished us for investing in FIOS."Well, I do hate to say it but Verizon is telling the truth, here. With Ivan gone they don't seem to have the push/will to expand FiOS further and defend it but investors (not everyone of course!) mainly complained about even investing in the network due to the long term cost of the network. They became shortsighted in wanting a fast return rather than a solid foundation for a company they invest money into to stand on. Now whether or not that is the ACTUAL story is another thing to measure. I'm going by what I've seen. I understand companies which are publicly traded are massive pieces of financial machinery, but if you lack investors you most likely also lack funds. I just wish Verizon still had a tooth to give whoever/whatever the problem is some beef to tell them they would still be expanding.
I will mention though that even though people are looking to go all mobile, they would still like something other than Cell Phone Internet. They get tired of the fees and slow speeds of Wireless networks and they also get tired of using their phone's web browser after a little while.
Oh well. If things want to be like that... | |
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| KearnstdSpace Elf Premium Member join:2002-01-22 Mullica Hill, NJ
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to S_engineer
The government has to do something, It took the government to get 99% of this country wired up for electricity, because back when electrical grids where a new thing it was just like modern broadband is today with greedy companies not wanting to invest.
If the corps do not like it they can go pound sand IMO, they had their chance and they failed, They failed to do their duty as communications provider. the people should not have to suffer so top shareholders can afford a second leerjet. | |
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| | alchav join:2002-05-17 Saint George, UT |
alchav
Member
2012-Mar-24 3:07 pm
Re: "Wall Street punished us for investing in FIOS."said by Kearnstd:The government has to do something, It took the government to get 99% of this country wired up for electricity, because back when electrical grids where a new thing it was just like modern broadband is today with greedy companies not wanting to invest.
If the corps do not like it they can go pound sand IMO, they had their chance and they failed, They failed to do their duty as communications provider. the people should not have to suffer so top shareholders can afford a second leerjet. You sound like those "Occupy" People, Corporations owe The People something. Verizon has stopped their expansion, this only means that their projected expansion has stopped. No good Company is going to keep expanding if no one is buying their products. I keep telling you guys, if you have a Community or City in Verizon territory that wants FiOS. All you have to do is get organized and approach Verizon with a viable Business Plan. Verizon is a Business, and I can assure you they will not turn away a good Business Opportunity. | |
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| morboComplete Your Transaction join:2002-01-22 00000 |
to S_engineer
This is a convenient excuse for their actions. I don't believe it is the motivation behind their strategy. | |
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FFH5 Premium Member join:2002-03-03 Tavistock NJ |
FFH5
Premium Member
2012-Mar-23 8:28 am
Promise of no more FIOS is merely convenientVerizon's claim of no more FIOS expansion is merely one of convenience to get the Senate committee to give a go ahead to their cable deal. No promise made now is a guarantee that Verizon won't change their mind in the future with a new CEO or changed economic conditions. So, I wouldn't sign on to the idea that FIOS is now dead forever more. | |
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Kommie2 (banned) join:2003-05-13 united state |
Kommie2 (banned)
Member
2012-Mar-23 9:03 am
Boston has an Overbuilder?Does Boston have an Overbuilder ? (RCN) | |
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| dplantz join:2000-08-02 Bradenton, FL |
Re: Boston has an Overbuilder?RCN does not cover even half of Boston. I have them for Internet. I love my uncapped 25/2 docus 3 connection. I am lucky to have a choice. I would have to have business class if I was stuck with Comcast. I use Directv for tv. I like Directv's DVR boxes and extensive HD lineup | |
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vzhater
Anon
2012-Mar-23 9:16 am
Lowell sucks!!Verizon recently tripled the compensation of its CEO, Lowell McAdamfrom $7.2 million to $23.1 million A YEAR. | |
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| S_engineer Premium Member join:2007-05-16 Chicago, IL |
Re: Lowell sucks!! Despite retiring as CEO of Verizon in August, Ivan Seidenberg earned more in 2011 than he did in the last two full years of work. According to an analysis of a Monday regulatory filing from the New York-based phone company, Seidenberg earned $26.4 million in 2011. That compares with the $18.1 million he earned in 2010 and the $17.5 million he received in 2009. He was CEO for seven months of 2011, and then remained as executive chairman until the end of the year. Seidenberg didn't receive a severance payment. In calculating executive compensation, The Associated Press includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. Seidenberg was the highest-paid CEO in the U.S. telecommunications industry last year. Randall Stephenson, his counterpart at AT&T, which is larger, earned $18.7 million. Seidenberg's successor, Lowell McAdam, earned $23 million in 2011. That was in large part due to a special grant of $10 million in restricted stock, made when he assumed the CEO role. Source: » www.usatoday.com/tech/ne ··· 668062/1Don't you worry though, I'm sure the stock price will go up once it's announced that some of the 45,000 workers that made these obscene type of salaries happen will be laid off! | |
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to vzhater
That is one of the reasons I do not invest in Verizon as a equity holder. All they care about is themselves. McDonalds Corporation never pays their corporate office these obscene amount. the outgoing CEO, James Skinner made $ 1,391,667.00 salary, Restricted stock awards $1,670,500.00, Non-equity incentive plan compensation $11,530,000.00, Option awards $ $2,238,608.00, All other compensation $743,350.00 for a Total Compensation $17,574,125.00. At least he did not start with $20,000,000 like other CEOs that do nothing for the company. Plus he did very well for McDonalds during the 5 years he was CEO. | |
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anon823
Anon
2012-Mar-23 9:26 am
And that data usage..."Monthly service starts at $60 a month but comes with a 10 gigabyte cap" » Verizon Announces Fixed Residential LTE Service [108] commentsSo Are they going to count redbox on your data cap or is it going to be beside the cap? Either way they do it they will have a hard time justifying their data prices... Let's say it's $4 a movie to rent. An HD movie shown at 1GB. So to use 10GB of data it's only going to cost you $40 if you want to use redbox. If I want to watch the same amout on netflix it's going to cost $60. If it does use your data cap then no one will want to use the service since it's far too costly for them to use. | |
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45612019 (banned) join:2004-02-05 New York, NY
2 recommendations |
45612019 (banned)
Member
2012-Mar-23 9:39 am
This is everything that's wrong with America.You Americans are digging your own grave with your unchecked greed.
Have fun being a third world banana republic to the upcoming Chinese-dominated world, Americans. | |
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No more upgrades?Does this also mean Verizon is not investing in any of there copper network? No VDSL2? I know its not ftth but with no upgrades at all cable will run the wireline business while Verizon will dominate wireless. Its a win - win for both companies and a huge loss for the consumers who actually pay for these services. | |
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Sarah
join:2001-01-09 New York, NY
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Sarah
2012-Mar-23 3:10 pm
That's a shame...My options are Comcast or Verizon. Verizon offers "up to 3Mbps" for $40 a month to my home I've been having problems with my Comcast connection for the last month or two. I have basically no good option. At the office, we haven't got ANY broadband options other than slow DSL or T1. No Comcast, no FIOS. Comcast has been promising to install for over a year. I'll believe it when I see it. Our last two offices (both in Harvard Square) were the same. No cable, no fiber. And to think I live/work in one of the most high-tech cities in the world. It's not like there is some shortage of people here who want really good high-speed internet. I don't get it... | |
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pnjunctionTeksavvy Extreme Premium Member join:2008-01-24 Toronto, ON |
Competing is hardand expensive. Much cheaper to just make deals, open or back-room, to keep prices high, investment low, and divy up the revenue.
Monopolistic pricing with minimal investment gives way more profits than competitive pricing and service.
Competition in this industry was broken enough already, with infrastructure limitations resulting in a duopoly, before the captive regulators let the two get in bed together.
The easy profits are great for the telco investors, bad for a country trying to compete in a global technology-based economy. These short-sighted policies and decisions are going to leave North America in the dust. | |
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no more government!You guys talk like we have no internet providers out there.. Cable is covering a LARGE chunk of the market and there providing speeds and reliability that are more than enough for 99% of the population.
The last thing we need is our government getting MORE of our money to do a poor job of managing a network that we dont NEED (just some of us WANT) | |
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more wires | |
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KrKHeavy Artillery For The Little Guy Premium Member join:2000-01-17 Tulsa, OK |
KrK
Premium Member
2012-Mar-23 6:04 pm
Confirms America's Internet leadership is overHeadline could just as easily read something like that.
LTE! LTE! Yeah, with low caps and high overages.
Bah. Bring on all the Muni-Fiber, since private enterprise isn't going to step up. | |
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Dr Dialtone
Anon
2012-Mar-23 11:06 pm
Verizon West going down hill fast.Verizon West is on the verge of collapse, with Verizon holding only 23% of California, Verizon is at a crossroad with a hard decision to make. Keep Cali or dump it off to AT&T. AT&T is the only company that has the pockets to pull off a deal for Verizon in California. FIOS California has burned Verizon, with all the foreclosures and short sales in California. Most of the FIOS debt has come from California, and will continue with the unstable housing market in California. One of Verizon's leading Managers "Michael Elliot" just jumped ship to New York because of the future movement in California. The question is when will this happen, before or after the March 16, 2013 contract deadline. AT&T will benefit from taking over Verizon California, with inheriting a solid FIOS/Copper build. Verizon needs to dump something soon to clear the books, or Bankruptcy maybe in the near future. | |
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Jon GebLong time member join:2001-01-09 Howell, MI 1 edit |
Jon Geb
Member
2012-Mar-24 11:16 am
Wired internet is dyingIts just that simple, wired internet is going to die eventually. Verizon has already announced its fixed LTE service. While its in its infancy, its not a good deal for those of us with fixed wired service, just give it time. | |
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truedat
Anon
2012-Mar-25 9:27 pm
shortsighted Wall St d@o@hebagsGoldman Sachs (that highly ethical firm) told Verizon "Forget about your long term plans of wiring up the country with a superior fiber optic network! We must make the stock price go up 50 cents in the short term! " Apparently Wall Street's goals are not what's best for America! | |
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budget spendingRemains to be seen whether Buffalo, NY will see any of that money NY state is going to splurge for "RUAL BOONDOCKS" broadband. If so, it probably won't be with Verizon, maybe some other company can take up the slack, or Bufflao can build muni fiber project with a few million $ of tax money. Why not a tier-1 fiber provider route some fiber west from Albany to Buffalo? | |
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Slick
Anon
2012-Mar-26 10:16 pm
Verizon installing fiber here!I don't know if it's for FIOS, but they are installing new fiber optic lines here in NE Pa, Luzerne County. They don't have any info on why, but they have been doing it for about 6 months now, and are digging up roads as we speak. Slick | |
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