Jim Cramer Says Verizon (VZ)'s CEO Might Not Stand For Underperformance

We recently published 16 Stocks Jim Cramer Mentioned In An Episode Where He Said OpenAI Could Beat All Big Tech Giants. Verizon Communications Inc. (NYSE:VZ) is one of the stocks Jim Cramer recently discussed.

Verizon Communications Inc. (NYSE:VZ) made a splash after it announced that it would bring on Dan Schulman as it CEO. Cramer was enthusiastic about the new appointment, which is in contrast to his previous views about the firm. In his earlier appearances, the CNBC TV host has called Verizon Communications Inc. (NYSE:VZ) “okay” and praised the firm for its dividend. This time, he outlined that while the firm has been an underperformer, the new CEO could shake things up:

“Welcome back. Dan Schulman. He was at PayPal and look I think that near the end it was a struggle. But there have been many, many years that Dan’s been great. I can’t wait to see him again. Dan is a guy who is a humanist. I mean he’s a CEO who cares about the people who work for him. And I can’t wait to hear what his vision his. Because I think Verizon’s been an underperformer and I don’t think Dan’s going to stand for that.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.