Part 1/9:
A Turning Point for Verizon: Leadership Changes and Strategic Shifts
August 1st, 2018, marked a bittersweet farewell for Verizon as employees gathered to celebrate the tenure of their outgoing CEO, Lowell McAdam. Fond memories and laughter filled the room, yet an underlying anxiety and tension loomed, as the realities of Verizon's precarious situation began to surface. McAdam's seven years at the helm had culminated in significant achievements; however, the company faced an overwhelming debt of $150 billion and an unclear path to financial stability. How did Verizon find itself in such a vulnerable position?