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Goldman Sachs Wants Verizon to Sell All Landline Assets
Merge With Vodafone, Focus on Wireless and Enterprise
by Karl Bode Tuesday 10-Jan-2012 tags: legal · business · bandwidth · consumers · Verizon FiOS · Verizon Online DSL
We've been pointing out for years that Verizon's renewed company strategy has been to upgrade their prized markets to FiOS, sell or ignore the rest of their landline customer base, then fill in the gaps with LTE wireless broadband. The strategy was shaken up slightly recently when Verizon struck a massive new deal with the cable industry that involved not only acquiring $3.6 billion in cable industry-held spectrum, but also an exclusive partnership that has Verizon selling wireless services to the cable industry's massive subscriber base.

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Interestingly Wall Street wants Verizon to take this play even further. A new research report by Goldman Sachs suggests that Verizon should sell off their wireline division entirely and become solely a wireless operator. Why? Doing so could allow Verizon to purge their union workers, pensions, and other expenses tied to their landline network and focus (in union with partner Vodafone) on where the real money will be: non union wireless and business services:

“The remaining wireless and enterprise businesses would have faster growth and a clear fit with Vodafone’s assets and strategy, making it a more attractive merger partner,” the analysts said in the report yesterday. Given that it no longer faces the threat of integrated cable competitors, Verizon could potentially spin off its remaining Consumer Wireline assets,” along with “large” pension and benefit liabilities, the Goldman analysts said.

In this case what has Wall Street's heart all a flutter is the possibility for Verizon to shed all union-related workers and their pensions. While it seems likely that Verizon will shed some additional unwanted DSL territories (upstate New York seems like an eventual option), it's highly unlikely that Verizon wants to exit a fiber to the home business they just got done investing $24 billion into -- even if the new management is rumored to be less bullish on landline.

Verizon's new cable deal is an interesting one. It's worrying consumer advocates, who have urged regulators to investigate whether the deal came with a gentlemen's agreement not to expand FiOS further in order to limit competitive disruption in cable markets. That's obviously not good news for those in un-upgraded Verizon DSL markets waiting for faster speeds, and it's not good news for phone companies like CenturyLink, Frontier and Fairpoint (two of which gobbled up unwanted Verizon assets) who will now have to compete not only against cable, but Verizon LTE service that's faster than most of the DSL tiers they offer.

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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

Haha

Goldman Sachs? Like they know anything about how to properly run anything.

Though I am surprised Verizon hasn't dumped all its remaining copper-based subscriber base.
--
"Net Neutrality" zealots - the people you can thank for your capped Internet service.

fifty nine

join:2002-09-25
Sussex, NJ
kudos:1

Re: Haha

said by pnh102:

Goldman Sachs? Like they know anything about how to properly run anything.

No kidding. Looks like the stench of Jon "MF" Corzine is still there.

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

Re: Haha

said by fifty nine:

No kidding. Looks like the stench of Jon "MF" Corzine is still there.

Speaking of that guy, I think MF Global should say it its defense that because they hired Jon Corzine, they really were not interested in making money.
--
"Net Neutrality" zealots - the people you can thank for your capped Internet service.

IowaCowboy
Premium
join:2010-10-16
Indian Orchard, MA
Reviews:
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said by pnh102:

Though I am surprised Verizon hasn't dumped all its remaining copper-based subscriber base.

One major hurdle to selling their landline business is they would have to get clearance from the state Public Utility Commissions. I know Massachusetts (with its left of center politics) and it's DPU would never approve such a sale. I heard from a Verizon tech that they wanted to sell Western Mass to FairPoint when they sold Maine, Vermont, and New Hampshire but the Mass DPU would not allow it. The sale to FairPoint caused my Grandma in Maine to switch her phone to Time Warner Cable.
--
All of my CPE (including my EMTA) is customer owned. The only Comcast owned equipment in my house is the CableCards in the two TiVO boxes I own.
BosstonesOwn

join:2002-12-15
Everett, MA
Reviews:
·Comcast

Re: Haha

Not entirely false but not entirely true

As I said before these clowns at Sachs chimed in, right now Mass is so profitable for them because they don't pay taxes on where their lines are, so it's very profitable even in western mass.
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"
sparc

join:2006-05-06

Verizon would do it....

"it's highly unlikely that Verizon wants to exit a fiber to the home business they just got done investing $24 billion into"

doesn't this seem like a classic Verizon strategy though?

separate out underperforming business and pile on all the debt and then send it off to some company that's incapable of running it and let it declare bankruptcy.

Verizon then wins in the end with a thriving wireless company that can sell to the same customers and they make 24 billion in debt disappear.

vz sucks

@optonline.net

Re: Verizon would do it....

Verizon doesnt want Fios

alchav

join:2002-05-17
Palm Desert, CA
said by sparc:

"it's highly unlikely that Verizon wants to exit a fiber to the home business they just got done investing $24 billion into"

doesn't this seem like a classic Verizon strategy though?

separate out underperforming business and pile on all the debt and then send it off to some company that's incapable of running it and let it declare bankruptcy.

Verizon then wins in the end with a thriving wireless company that can sell to the same customers and they make 24 billion in debt disappear.

You guys are as crazy as Goldman Sachs, go all Wireless and dump your Landlines, that would include FiOS. FTTH, what have you guys been smokin, Verizon is the only Telco that is really set up for the Future. I have been telling your guys, Fiber is the way of the Future not Wireless. There is a place for Wireless with all the new Mobile Devices, but when it comes to the Home, Fiber will be the answer. Streaming Video, Music, and Data to our Homes, we will need big Pipes and Fiber is the biggest! So the strategy for Verizon is a balanced Infrastructure with Fiber and Wireless.

elwoodblues
Elwood Blues
Premium
join:2006-08-30
HarperLand
Reviews:
·Cybersurf Intern..

Re: Verizon would do it....

said by alchav:

said by sparc:

"it's highly unlikely that Verizon wants to exit a fiber to the home business they just got done investing $24 billion into"

doesn't this seem like a classic Verizon strategy though?

separate out underperforming business and pile on all the debt and then send it off to some company that's incapable of running it and let it declare bankruptcy.

Verizon then wins in the end with a thriving wireless company that can sell to the same customers and they make 24 billion in debt disappear.

You guys are as crazy as Goldman Sachs, go all Wireless and dump your Landlines, that would include FiOS. FTTH, what have you guys been smokin, Verizon is the only Telco that is really set up for the Future. I have been telling your guys, Fiber is the way of the Future not Wireless. There is a place for Wireless with all the new Mobile Devices, but when it comes to the Home, Fiber will be the answer. Streaming Video, Music, and Data to our Homes, we will need big Pipes and Fiber is the biggest! So the strategy for Verizon is a balanced Infrastructure with Fiber and Wireless.

GS probably has money in Verizon, and is looking at
a) Making money "assiting" Verzion in disposing of their land lines
b) figure they can make more money charging exhorbitant data rates on the wireless side of things.

Being Canadian I have no idea how big Verizon's land line business is, but I don't think there is enough spectrum to handle even a large percentage of them to migrate from hard lines to wireless.
--
No, I didn't. Honest... I ran out of gas. I... I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake.......

Fronkman
An Apple a day keeps the doctor away
Premium
join:2003-06-23
Saint Louis, MO
said by sparc:

"it's highly unlikely that Verizon wants to exit a fiber to the home business they just got done investing $24 billion into"

doesn't this seem like a classic Verizon strategy though?

separate out underperforming business and pile on all the debt and then send it off to some company that's incapable of running it and let it declare bankruptcy.

Verizon then wins in the end with a thriving wireless company that can sell to the same customers and they make 24 billion in debt disappear.

this sounds like a job for....Mittens Romney!!
--
Everyone should own a Mac! Go Bucks!

HaloFans

join:2006-12-18

1 edit

Verizon should do it.

That way, people will be angry and finally the media will bring attention to how America's broadband future is fubared.

firephoto
KDE
Premium
join:2003-03-18
Brewster, WA
Reviews:
·Frontier Communi..

Smells like the plan all along

Verizon just gets someone else to say it for them and they end up replacing infrastructure with replaceable racks of equipment and let someone else do the limited runs of cabling as to not affect their earnings. They've also painted the picture that wireless has to be metered too so that's another perk for them.

Job creator based investments want money now, not years from now so fiber and copper and anything else bolted down to long swaths of the earth are not good for their mentalities. They want what you see to be temporary till it is replaced with something different. No investment in quality, just quantity and replace it when it breaks and give the illusion of "upgrades" to the customer.
--
Say no to JAMS!

mod_wastrel
Gone fishin'

join:2008-03-28

Just another way of saying...

"screw the people who got you here"

Boricua65
Premium
join:2002-01-26
Sacto Sh*tty

Goldman Sachs?!?!

Does anybody trust them? Does anybody really want to hear them shysters have to say?

Unbelievable. They're the one of the ones who created this economic meltdown and now want to dictate to company how to do the same?!?!

EDIT: Greed knows no bounds.
--
Illegal aliens have always been a problem in the United States. Ask any Indian. Robert Orben
CXM_Splicer

join:2011-08-11
kudos:1

Re: Goldman Sachs?!?!

Unfortunately, I think the upper management of Verizon think more like the the Goldman Sachs crew than they think like you and me. I am sure they are very interested in what the shysters have to say.
sk1939

join:2010-10-23
france
kudos:6
Reviews:
·T-Mobile US
·Verizon FiOS

Re: Goldman Sachs?!?!

said by CXM_Splicer:

Unfortunately, I think the Board of Directors at Verizon think more like the the Goldman Sachs crew than they think like you and me.

Fixed. Remember that the Board were the one's who fired the previous CEO who created the FiOS project to begin with (due to the short-term loss of profit incurred in such an endeavor).
Tobester

join:2000-11-14
San Francisco, CA
Reviews:
·Google Voice
·SONIC.NET
·AT&T Yahoo

more typical Wall Street hype

So now, Goldman Sachs wants Verizon to sell the wireline business in order to dump unions, employee pensions and retiree healthcare costs.

Which will force the PBGC (Pension Benefit Guaranty Corporation) to pay retiree's pension, Medicare to pay healthcare costs and then the 1% will scream about Federal entitlements to employees.

Wall Street is the problem with our country.

cableties
Premium
join:2005-01-27

ROFL!

In other news, Wall Street want the Fed to eff-ough long enough for more corps to become untouchable, but be around when they need another handout.

Think of the bees!
--
Splat
squirrel21

join:2007-03-12
New Port Richey, FL

Re: ROFL!

Indeed the bees need their due consideration, plus now add on how much more unresearched EMR pollution is being added by LTE. This is the equivalent of accepting water pollution in the name of gas and oil profiteering!
chances14

join:2010-03-03

verizon

set michigan back about 10 years when it comes to broadband by refusing to invest and upgrade their landlines for even basic dsl. Now frontier is scrambling to pick up the pieces

Greg2600

join:2008-05-20
Belleville, NJ

caution

Goldman has been at the heart of nearly every major trading scandal of the last 100 years....

David
Now accepting new patients
Premium,VIP
join:2002-05-30
Granite City, IL
kudos:70
Reviews:
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Goldman Sachs really shouldn't be speaking

Considering they are as least 50% responsible for the meltdown in america they really should shut up and be quiet. I am kind of surprised the DOJ hasn't really taken them to the cleaners yet. They could probably find enough to put the CEO in jail for quite a few years.

However, with money comes power. Power you can buy or even rent!

I think if verizon sold their landline business they might end up in the same position that Sprint ended up when they spun off embarq.

We all know how well sprint's shares go for these days. Last check I made it had a good day hitting $3.25 a share. That's a long way from $30-35 verizon gets now per share.
--
If you have a topic in the direct forum please reply to it or a post of mine, I get a notification when you do this.
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openbox9

join:2004-01-26
Alexandria, VA
kudos:2

Re: Goldman Sachs really shouldn't be speaking

said by David:

We all know how well sprint's shares go for these days. Last check I made it had a good day hitting $3.25 a share. That's a long way from $30-35 verizon gets now per share.

You're a little high on the PPS for Sprint Anyway, Sprint's current situation has little to do with spinning off segments of its business, rather it has to do with mismanagement of the business. Also, don't mistake share price for value.
sk1939

join:2010-10-23
france
kudos:6

Re: Goldman Sachs really shouldn't be speaking

Truely.

The value for Sprint is much lower than the share price.

NYC26

@rr.com
How the DOJ will take them to the cleaners when Goldman own them, and the rest of the government crooks.

kleinml

join:2008-04-18
Levittown, PA

How do you seperate Fios and LEC?

Most of the time they use the same CO. Unless you upgrade everyone still on copper but in a Fios Area, like it or not. Plus Fiber installs handled by Union workers. If you keep Fios you keep Union. That doesn't mean they don't sell the whole thing. Fios may make it actually worth while for some company to try to run it. I don't know, but somethings probably going to happen. One thing for sure the company will never Continue to just be Business as Usual.
openbox9

join:2004-01-26
Alexandria, VA
kudos:2

Re: How do you seperate Fios and LEC?

You don't separate FiOS from LEC. You spin off the wireless portion and merge in Vodafone to minimize capital and ownership issues. Legacy wireline business remains behind to continue as is. Possibly sell of the less valuable assets from the wireline division. There might be a few other Verizon parts worth spinning off, but the wireless/wireline pieces are the biggest.
CXM_Splicer

join:2011-08-11
kudos:1
Reviews:
·Verizon FiOS

Re: How do you seperate Fios and LEC?

said by openbox9:

You don't separate FiOS from LEC. You spin off the wireless portion and merge in Vodafone to minimize capital and ownership issues. Legacy wireline business remains behind to continue as is. Possibly sell of the less valuable assets from the wireline division.

Yes, this is probably what they would do. They did, however, go to great lengths to keep FIOS and other Verizon plant separate... many COs have the FIOS LGX and equipment on its own floor. Where that couldn't be done, the FIOS is in its own room. FIOS cable in the field is also not mixed with other fiber services, it is under its own sheath (the exceptions to this I am aware of I can count on one hand). I have little doubt that they intended to make it separable and they probably could sell it off (or keep it) alone.

It is interesting to note though that the quote mentions keeping wireless AND Enterprise. Enterprise is, without a doubt, the 'profitable' part of wireline. It has always financed the POTS end of the business and without it POTS will collapse. It simply cannot survive as a business on its own. It is also highly intermingled with 'non-enterprise' services and can't be sold off separately so I think that part is just a pipe dream of the Wall St. scumbags... just trying to separate profits from losses and cut the losses loose. Hmmm, I wonder if I can shift my Credit Card debt, mortgage, and other bills to an LLC then let it go bankrupt while I keep my salary, bank accounts, and property... hmmm (gears turning).
openbox9

join:2004-01-26
Alexandria, VA
kudos:2

Re: How do you seperate Fios and LEC?

said by CXM_Splicer:

Hmmm, I wonder if I can shift my Credit Card debt, mortgage, and other bills to an LLC then let it go bankrupt while I keep my salary, bank accounts, and property... hmmm (gears turning).

Off topic, but you can get your creditors to accept transferring your debt (along with the assets) to your LLC, then yes, you conceivably can. However, your creditors are going to require your LLC to front capital and/or have sufficient collateral. I'm sure you were more interested in writing off your debt, but that's not as easy as some people believe....even for large corporations.

cxm_fttp_spl

@comcast.net
fios is over lashed to existing copper plant.. they did this to get by on paying seperate taxes.. you can no longer seperate fios from copper but verizon has stopped building fios as of right now. they met thier requirements for households past and is done. if you dont have it now you are not going to get it ever... there is new technolgy now that can deliever same speed as fiber wirelessly from the pole to your house. and from there wirelessly to your tv. look for it coming very soon!!
CXM_Splicer

join:2011-08-11
kudos:1
Reviews:
·Verizon FiOS

Re: How do you seperate Fios and LEC?

said by cxm_fttp_spl :

fios is over lashed to existing copper plant.. they did this to get by on paying seperate taxes.. you can no longer seperate fios from copper...

While it is true that FIOS is overlashed that doesn't mean they are inseparable. It would be more difficult to replace the copper under the FIOS, it is certainly do-able. The more likely scenario is that the copper will be killed off in areas with FIOS penetration. This is actually being done now on a trouble-by-trouble basis. When all the customers in a given area are thrown to FIOS the underlying dead copper is meaningless (except for scrap value). In areas with no FIOS penetration, there is no overlashing situation to worry about.

...but verizon has stopped building fios as of right now. they met thier requirements for households past and is done. if you dont have it now you are not going to get it ever... there is new technolgy now that can deliever same speed as fiber wirelessly from the pole to your house. and from there wirelessly to your tv. look for it coming very soon!!

Not entirely accurate... I am working on a FIOS build today as a matter of fact. I would say that if your CO doesn't have any FIOS yet, you will most likely NEVER see it but they are continuing work in COs where it is already provisioned.

I am not aware of the specific wireless hardware you are talking about but it will still need a substantial fiber build-out.

birdfeedr
Premium,MVM
join:2001-08-11
Warwick, RI
kudos:5
VZ is working in that direction slowly. Notice that they are no longer pushing regulated POTS to FiOS customers. And any bundle upgrades are actively switching folks to DV.

Once they whittle down the copper lines in an area to manageable numbers, they split FiOS from landlines, call it data service not unlike cable and lease CO space, then fire the union workers because it's not regulated POTS.

Not impossible.

See 8 replies to this post

NYC26

@rr.com

Once Lowell MAdam became CEO you knew this was coming

Verizon promoted to CEO and Chairman the guy that was CEO of the wireless division. MAdam despise the land line division. Wall Street only care about short term profits, but are always blind to the big picture. With Fiber to the home Streaming content would become mainstream, but those crooks only care about the short term.

Wall Street has always been the virus that punish innovation period.

wait a sec

@comcast.net

what about this

What if Comcast buys up the FIOS business!!! It's not a cable company right and it would help them get FTTH under their belt in order to then expand their current network!!! This would be awesome!!!

fatal

join:2000-12-29
Brooklyn, NY

Re: what about this

no it wont who wants comcast's caps!!
BosstonesOwn

join:2002-12-15
Everett, MA
Reviews:
·Comcast
doubt it , comcast already has a foot hold in most of the areas fios services, as well as already having fiber to many places and a small upgrade gets them fiber to the home, not to mention if they do that the government would never let it fly.
--
"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!"

darkcloud

@verizon.net

Verizon

We all might just as well kiss our retirement money good by. If any one thinks the govt gives a crap about us I want what you are smoking. An extra 20 million bucks to Ivan s GOLDEN PARACHUTE money from the pension fund, whate else is the money bieng used for before they sell the wire side.Verizon will spend , cajole and outright lie to keep the billions that the workers barganed for over the years in retirement funds , med planes ect..

vzretiree

@verizon.net

Re: Verizon

No way, and don't think that for one moment. When upstate NY was on the sale block a few years ago, I read reports from all of those know it all analysts about how sure they were that there were parties lined up to buy the land lines. It never happened. Telecommunications is a unique business and a solid communication infrastructure is essential for national security. The government had better realize this soon. These rumors of mergers are scare tactics by the company during these ongoing contract negotiations. Verizon knows that their options for dealing with the landlines and the unions are very limited, so they have to use these tactics. Read the article in 247wallst.com. It spells out the myth of a merger completely. And who would buy a company with the debt that Verizon would give it, and all the legacy costs to go with it, and strong representation by CWA. Never ever say we all might just as well kiss our retirement money good bye. Never ever concede. You worked for that money, you are owed it. Erase those words from your mind because it ain't gonna happen.

vzretiree

@verizon.net

Re: Verizon

One more thing. Let us not forget that our pension fund is worth billions, and makes hundreds of millions. If you look at the prospectus, you will see that the company rarely has to contribute to the fund. It's earnings cover the payouts. Verizon is not the air lines, is not the steel industry, is not the auto industry, or any other industry that has gone bankrupt. It is a healthy, thriving, hugely profitable business that would love to worm it's way out of it's obligations to the people that made it great. That is far easier said than done. Don't let them beat you down, never accept defeat. For all bell retirees, have you joined the belltell retiree organization? You should. It will give you a much more optimistic view of things, and a more realistic view also.

vzretiree

@verizon.net

You are stuck with us Verizon, so make us profitable.

VZ would like nothing better than to dump all of us retirees and our legacy costs. Ain't gonna happen. Telecommunications is a unique business. Also, 99% of the wireless infrastructure is landline based. If VZ were to shed all of it's fixed line assets, they would have to pay the spun off company mega bucks for the tens of millions of trunks that make up the wireless networks. Verizon landlines gets gigged for the costs of building the wireless networks and upgrading them for the 4glte, and the wireless gets all the money. The bottom line for landlines would be much healthier if it could charge wireless for the trunks that serve their networks.

vzretiree

@verizon.net

I agree with alchav

Sooner or later, every home is going to have to have fiber to the prem for the demands of the future. Wireless is not going to be able to supply all of that. Right now, verizon is saying that it no longer wants to expand FIOS to new markets, but that can be just a plan to get the FCC to approve their moves with cable, to quell concerns that their new relationship will not hamper competition. My prediction is the government is going to help pay for the fiber expansion because it is vital for the US to keep up with the rest of the industrialized world.
squirrel21

join:2007-03-12
New Port Richey, FL
Reviews:
·Verizon FiOS

I guess this means Caller ID on Screen will stay un-fixed!

Since Verizon is expanding further away from its legacy telephone works, I suspect they will ignore this basic telephone feature amidst their new found business in a global market.

The Caller ID (CID) on Screen problem has been an ongoing issue for at least two years, and it seems they have also let go of the 'legacy' personnel who know how to fix it!

vzretiree

@verizon.net

Re: I guess this means Caller ID on Screen will stay un-fixed!

They have let go of a lot of talent without a second thought. Once upon a time, a fix for your trouble was to try and have your caller id box, or phone, as close to being the first piece of equipment after the network interface (where VZ's line meets your inside wiring). This is assuming that they have already checked to make sure your line is translated correctly for the feature. If it's a bigger problem than this, ie if it is effecting the entire office, or many subscribers in an office, then you are correct, finding someone that knows what to do is highly unlikely. To make matters worse, some switching equipment manufacturers are not supporting their product any longer and the tel co's have to go on the open market to find spare parts. It is getting truly bizarre. Hope this helps. The best way to trouble shoot your problem is to take a caller id box, or phone with caller id display, go to your network interface, hook up your caller id equipment so that you isolate the outside from your home. This way, the caller id equip is the only device on your line. then call your line. If it does not work there, it's in the tel co's equipment
squirrel21

join:2007-03-12
New Port Richey, FL
Reviews:
·Verizon FiOS

Re: I guess this means Caller ID on Screen will stay un-fixed!

Fortunately, I have a CID box at one end of the house that voice announces the telephone number and a personal recorded name. I may have to look for a similar box that displays the name/num in bigger text.

The VZ STBs I have lose the CID functionality at the drop of a hat, and (unfortunately) I have the double reset sequence down pat to revive the feature.

Funny, VZ does not provide an RJ11 jact on their STBs for this feature, yet my old Dish DVRs have them and always worked. I guess VZ forgot about the KISS principle!

There are many posts of the CID on Screen failure on DSLReports and the FIOS TV Technical forums, spanning years. At least one of the VZ forum's post is flagged as 'Solved', but fails to note the continued resurgence of the problem!

CWA

@myvzw.com

VZ

Its ashame I have 15 years invested in this company. My dad retired from Bell atlantic. I was raised in a great middle class home like many other americans. Had great holidays and wanted the same for my kids when I took this job. Now after building this wireless empire off the hard work of generations of workers they would love nothing more than dump us union folks in the gutter. Even if we were non union it would be no different seems the bussiness sentiment is common in this country no matter what , crap on workers. Seidenberg,McAdam will never know who my dad is or what he did for the company nor do they care. The 1% that blames the workerss yeah we are the problem and when I say we I mean union or non union it does not matter we all get crapped on. The middle class is shrinking and about to shrink further if Verizon gets their way. Less disposable income will be the end result and who gets hurt in the long run?

vzretiree

@direcway.com

Re: VZ

That is exactly why we cannot allow Verizon to demoralize us. I retired last year after 37 years of service. For 37 years I've been told that I will get a pension and my health care will be taken care of. At 61 years old and at this stage in my life, it is sickening to feel like the rug is being pulled out from under us. Because of good labor contracts, I, like every other employee have enjoyed a great life style. WE BUILT THAT COMPANY! WE BUILT THE WIRELESS NETWORK! THEY ARE WHO THEY ARE BECAUSE OF US! How can any one plan a life, have a family, plan for the future, if you don't know if you're going to have a job one year to the next. All the while, the fat cats are lining their pockets and living the good life. That's the reason this nation is becoming more psycotic by the day.
Hang in there, and don't give up the fight. Verizon is one company, not two. It's massively wealthy BECASE OF OUR WORK! America has to see that our fight is every workers fight.

Big Bucks

@optonline.net

Anything for a buck

GS management would sell their mother's house from under her if they could make a fast buck.

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