Verizon has implemented a new budgeting technique called the zero-based budgeting technique. Ideally it ensures each sector of the business has a clean balance sheet every year and you need to justify how you want to spend your money for the year.
A Verizon spokesman said the cuts will come evenly across the business and not from one specific area.Sprint Corp. also used zero-based budgeting during a major cost-cutting effort in recent years.
My question to you guys how do you value Verizon differently after this news or it does not change Verizon's value and why?
