Market is Down but Seidenberg's Compensation is Up

March 19, 2008

Ivan Seidenberg, Chairman and CEO of  Verizon Communications Inc, received total compensation of $26.55 million in 2007, a 25 percent increase over 2006.  In addition, he received $471, 467 for his part-time jobs serving on two other corporate boards.  During that same period, Verizon’s stock rose 17.3 percent.  However, in 2008,  the company’s stock has lost all those gains and is currently about 7 percent below where it was at the close of 2006. 

To see more information on the compensation of all top Verizon  Executives, visit www.cwa-union.org/verizon/executive-compensation.