Send a Message to Verizon:
Vote NO for the Reelection of All Six Members of the Compensation Committee

We recommend that Verizon shareholder vote no on the reelection of directors that are members of the Human Resources Committee who set executive compensation at Verizon.

This Committee retained a compensation consultant for 6 years that may have given conflicted advice about executive pay. The New York Times divulged that Hewitt had done a half billion dollars worth of business with Verizon, providing not just advice on pay but work on employee benefits, administration, and actuarial services. The Committee knew this, or should have known this, and retained Hewitt anyways. We believe this was irresponsible.

In our view, the directors who sit on the Human Resources Committee have approved excessive executive pay in the face of poor company performance.  In terms of total shareholder return, Verizon has underperformed industry peers over the last year, 3 years, and 5 years.  In 2006, when other major telecom companies responded to investor concerns by taking steps to lower CEO compensation, Verizon gave Mr. Seidenberg another raise. Despite the Companies' underperformance, Ivan took home $20.2 million dollars last year.

We believe the independent directors on this committee have repeatedly failed in their duty to protect our valuable assets from waste.  They have repeatedly failed to stand-up to executives who want more pay, to provide us with sufficient information to assess the gravity of excessive pay at our company, and to respond to concerns about executive compensation.

The time has come to take action by voting "no" on the Human Resources Committee.