Verizon’s push to reverse company’s decline, WSJ reports

At a recent meeting at a Texas office, Verizon (VZ) Communications board began losing patience with its CEO Hans Vestberg, Sarah Krouse, Emily Glazer, and Suzanne Vranica of The Wall Street Journal reports. Verizon had reported two consecutive quarters of losses and was headed for a third, with Vestberg wanting to pursue a network-first strategy focused on ensuring the company could tout its service strength. Verizon’s board, however, wanted faster customer growth, deciding to tap one of the company’s directors to take over the company instead. Following an abrupt leadership change, current Verizon CEO Daniel Schulman is pushing Verizon to become scrappier and less bureaucratic.