Lowell McAdam, Verizon CEO, Cancels CES 2012 Appearance

(Reuters) - The chief executive of Verizon Communications has canceled his appearance in a keynote panel at the 2012 Consumer Electronics show, the telephone company said on Tuesday.


The company said that a schedule change is preventing CEO Lowell McAdam from attending the high-profile technology conference in Las Vegas.


Spokesman Peter Thonis declined to give further details but said the company was looking into sending another executive to replace McAdam at the event. (Reporting by Sinead Carew; Editing by Bernard Orr)

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Comments

[ColoradoPete]

06:44 AM on 01/04/2012

Maybe his board has decided he ain't going to be around much longer..........

[Phar lepht]

11:41 AM on 01/04/2012

We can only hope. What a disgrace this cat is. I work for Verizon and this guys hates his employees.

[metaphysicist]

11:33 AM on 01/06/2012

he hate his customers as well!!

[Kris DeWitt]

08:54 PM on 01/07/2012

Sounds like the Blackberry CEO's

[Mister Grumpy]

12:12 AM on 01/04/2012

I pity the poor fool who pulls the short straw for this show. Verizon, shame on you. Your data network has really sucked big time as of late.

[hindesky]

09:55 PM on 01/03/2012

scared of the backlash, take it like a man who decided to screw his customers you little twerp.

[montex]

09:43 PM on 01/03/2012

At least he KNOWS what an a$$hat move it is to charge your customers $2 to pay their bills!

[FlyTheSky]

08:34 PM on 01/03/2012

And Verizon really needed that $2 fee... to pay lobbyists to bribe politicians to vote for laws that screw consumers over. Because, you know, corporations are people so they must have all the rights but no responsibilities of people. Or something like that. (head explodes)

[Trapster]

06:27 AM on 01/04/2012

I was thinking that,"screwing people---over" is a very human behavior. Guess corporations, propped up by the mind-twisting decisions of the Supreme Court, do have a few sad "human" characteristics.

[Phar lepht]

11:39 AM on 01/04/2012

If they are human, as per the SCOTUS, then they should be arrested when caught breaking the law.... AMIRITE ?

[AsheMan]

08:10 PM on 01/03/2012

He probably backed out to avoid criticism over the $2 fee for online payments, which they have since backed down from.

[harlembells]

07:33 PM on 01/03/2012

Actually Lowell McAdam is the one who helped make Verizon Wireless so wildly successful over the last few years, and the stock price has gone up in the past six months. Verizon is doing very well under McAdam, so there must have been a good reason that he had to cancel.

[becky bradshaw]

08:16 PM on 01/03/2012

Is that the Henry VIII school of management? Perhaps the stock price has increased because of criminal collusion with Verizon's pseudo-competitor, AT&T. This means that Verizon has profited by stealing not only from their employees, but also their customers. Under this definition, Enron and WorldCom were "wildly successful" for years, until they were not.

Reference: http://attcritic.blogspot.com/2011/03/collusion-between-at-and-verizon-on.html

[beadingchef]

01:26 AM on 01/04/2012

Interesting article, thanks for the link, and you are right. The cellular companies are making a fortune and it could be less, but I won't see it in my lifetime.

[bynddrvn5]

06:46 AM on 01/04/2012

Thanks for the link.

Over the past 5 years or so, we have had many employees come in from Japan to work in the states. Many brought very advanced looking phones that didn't work here and they seemed very surprised that cell phones were so expensive in the USA.

[rikster]

07:19 PM on 01/03/2012

Verizon "the communication company that refuses to communicate"...strikes again..

[ipv4]

07:16 PM on 01/03/2012

Since Ivan the former ceo left they haven't been doing so well.