Why is Hans Vestberg a bad ceo?
Why is Hans Vestberg a bad ceo?
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Hans Vestberg is often criticized for making decisions that were too risk-averse and slowed down the company’s growth. He also failed to address problems quickly enough and faced criticism when Verizon CEO Hans Whitcup made changes at Yahoo while Vestberg was unable to decide on key changes such as spinning off the core business. Vestberg’s tenure also saw several failed acquisition attempts, further straining investor confidence in his leadership.
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Why is Hans Vestberg a bad ceo?
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Hans Vestberg has been highly criticized as a CEO, primarily due to his failure to improve AT&T’s poor customer service record. Under his leadership, AT&T has dropped in ranking among cable providers according to customer surveys and has been faulted for failing to upgrade its networks or keep up with new technologies, leading customers and investors to lose faith in the company. His tenure as CEO also saw the departure of several experienced employees and executives from AT&T due to disagreements over corporate direction.
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