TITLE

Led by Verizon and others, companies grant more power to shareholders

AUTHOR(S)
Elstein, Aaron
PUB. DATE
June 2010
SOURCE
Crain's New York Business;6/21/2010, Vol. 26 Issue 25, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Verizon Communications Inc. has granted more power to its shareholders by giving them a say in how the company pays its top people. Recently it eliminated free flights on the corporate jet for a retired chief executive and also cut off its chief executive, Ivan Seidenberg's pay by 14 percent. As reported, recently, the company's income fell by 17 percent and it's shares also fared badly. Many other companies are also planning to give shareholders increased power.
ACCESSION #
51621260

 

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