Telecom Stocks Rattled After Verizon Unexpectedly Names Dan Schulman New CEO

Verizon Communications (VZ) named former PayPal (PPYL) Chief Executive Dan Schulman as the company's new CEO on Monday, sending Verizon stock into a skid.Schulman will replace Hans Vestberg, who has led the telecommunications giant since 2018. The appointment is effective immediately.Verizon credited Vestberg as the architect of the company's 5G network and strategy. Vestberg, in a statement, said it was "a good time to pass the baton to Dan."Dan Schulman: 'Critical Juncture'"Verizon is at a critical junctu ...