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

Elstein, Aaron
June 2010
Crain's New York Business;6/21/2010, Vol. 26 Issue 25, p15
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.


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