- Verizon to Put Executive Pay to Shareholder Vote
Directors at Verizon Communications, under fire from shareholders over executive pay practices, said yesterday that they would put the company’s compensation plans to an annual vote by investors beginning at its general meeting in 2009. |
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- 'Company man' wins fray over bosses' pay
What in the world happened to corporate America to make somebody like Bill Jones, a registered Republican and former senior manager for what's now Verizon Communications, turn on the system that gave him a career and a life? |
- Shareholders at Verizon Back Vote on Executive Pay
After a two-week vote count, Verizon Communications announced on Friday May 18 that investors had approved a proposal that would give them a nonbinding vote on executive pay. The proposal won 50.2 percent of votes, the company said yesterday. |
- Say-on-Pay Gets Support at Verizon
A proposal to give Verizon Communications’ shareholders a voice in its executive pay practices passed with 50.18 percent of the vote, the company said yesterday — the clearest sign yet of investor irritation over chief executive compensation. |
- Verizon Holders Pass 'Say-on-Pay' Plan
Verizon Communications Inc.'s shareholders narrowly approved a nonbinding proposal to give shareholders an advisory vote on executive compensation, one of the first such "say-on-pay" measures to win a majority at a U.S. company. Verizon is under no obligation to implement the resolution, but spokesman Peter Thonis said the company's board will review the result and consider what actions to take.
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- Panel to Look at Conflicts in Consulting
Members of Congress are looking into the potential conflicts among executive compensation consulting firms that do other lucrative work for the companies whose pay they help devise.
Shareholders at the annual meeting of Verizon Communications on May 3 voted on a proposal that would have required the company to disclose professional relationships with its current or previous compensation consultants that might impair their independence. The proposal received support from 47 percent of the shares voted, the company said.
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- Verizon Again Targeted by Corporate Library for Broken Pay/Performance Link
On May 7, 2007, the Corporate Library released a follow-up report to its Pay for Failure (2006) with Verizon Communications again one of the chief offenders. According to the report's author, senior research associate Paul Hodgson, "It continues to be the case that far too much executive compensation is delivered without any link to performance at all." |
- Verizon Stockholders Deadlocked On Top Exec's Pay Packages
A historic vote on executive compensation by Verizon Communications stockholders -- whether shareholders can approve the pay packages of top executives -- should be completed in a week or so, the firm announced in the wake of its annual meeting. |
- Verizon Shareholders May Get 'Say on Pay'
Shareholder support for a proposal asking to give Verizon Communications Inc. investors an advisory vote on executive pay was too close to call, raising the prospect that Verizon might be the first company where the say-on-pay effort has been passed. |
- Verizon Vote on Pay Levels to Be Decided in a Recount
The shareholder vote on an executive pay proposal at Verizon Communications is too close to call and must go to a recount, the company said after its annual meeting in Pittsburgh yesterday. The results of the recount will be available within two weeks, a company spokesman said. |
- Verizon Vote on Pay Too Close to Call
Shareholders of Verizon Communications voted on a proposal Thursday that would give them an annual vote on pay packages of top executives, but the result is too close to call. |
- Verizon Investor Vote to Advise on Pay Is Close Call
Verizon Communications Inc., which paid Chief Executive Officer Ivan Seidenberg $21.3 million last year, said a shareholder vote on a proposal to give investors a say in executive pay decisions is too close to call.
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- Say-on-pay proposal at Verizon too close to call
Shareholder support for a proposal asking to give Verizon Communications Inc. investors an advisory vote on executive pay was too close to call Thursday, raising the prospect that Verizon may be the first company where the controversial say-on-pay effort has been passed. |
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