The background of Shaygan Kheradpir

Most of you may not have heard of Shaygan Kheradpir. He is a business and technology executive which is currently employed at Verizon. However, there is some history behind his steps to becoming an executive at Verizon. His education begins at Cornell University where he received a bachelors, masters and doctorate degree in electrical engineering. This is the stepping stone to his career, which he started at the GTE Corporation. The GTE Corporation eventually merged with Bell Atlantic and in the year 2000 Verizon was formed. While at Verizon, Shaygan Kheradpir contributed to the deployment of FIOS. He also developed Pingit mobile money systems. While at Verizon, Shaygan Kheradpir was responsible on for creating new ideas for products. While creating products for Verizon, Kheradpir also was doing what he could to keep the technology budget under control. He reduced their operating budget from 6 percent to 4percent. Additionally he reduces the IT staff by 20 percent and technology vendors by 30 percent. Kheradpir out-sourced some of the labor to India, specifically programming positions. He aggressively negotiated to eliminate a policy against purchasing IT equipment from failed dot-com business off of EBay. Kheradpir’s team of 7000 would often work hours late into the evening developing new products such as Verizon Fios. They also took Verizon’s core systems, such as automated customer service systems, website, and call center. Additionally, he and his team integrated separate systems from his predecessors NYNEX, GTE, and Bell Atlantic. In his tenure at Verizon, Kheradpir aided in the company’s contribution for the diversity of a broader range of telecommunications products and services, including the automation of operations. Kheradpir have earned respect for his abilities to deliver new products on schedule.After leaving Verizon, Kheradpir went to Barclays in 2011 as the Chief Operating Officer of the Global Retail and Business Bank. For the first time in Barclay history, they have a technological executive on their team. Kheradpir was with Barclay for three years before moving to Jupiter Networks in January of 2014. While he was at Jupiter Networks, Shaygan Kheradpir launched an Integrated Operating Plan which aligned with the activist investors recommendations. The objective was to increase dividends, reduce spending, and buy back stock. In November 2014, Shaygan Kheradpir resigned from Jupiter as the result of his leadership and with respect to customer negotiation. It was apparent that Kheradpir and Jupiter had difference of opinion on this matter. Approximately 4 months later, Kheradpir retired at the age of 55.

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