Verizon told Boston that they were going to be spending about $300 million over 6 years to upgrade the city to FiOS -- a fiber-to-the-home service. But according to Verizon's Francis Shammo, the money really isn't being 'spent'.
Verizon, AT&T and CenturyLink control and have a monopoly over the state-based utility wires. State by state they had an obligation to not only maintain but to upgrade the states' critical infrastructure. They failed.
While I personally don't care how much someone makes a year or their net worth, in this case, I care when the salaries and other compensation somehow end up being paid for by local phone customers in an expense item called "Corporate Operations.'
He called Verizon "another major American corporation trying to destroy the lives of working Americans."
Whether you do or do not care about unions or their members, this is more about a plan by Verizon to eliminate expenses and the networks that they don't want to maintain or even upgrade, even though you paid for that to happen multiple times.