Click here to review the Association’s Proxy Voting Recommendations for 2016 The Association has a long history of actively attacking senior management compensation excesses and poor corporate governance. A healthy Verizon is extremely important to our Association, employees, retirees, customers and investors. We feel that correction of such practices will benefit all stakeholders. We… Read More »
Archives for March 2016
On the morning of January 6, 2016, I made my second visit to the GTE/Verizon Breakfast Group in Grapevine, Texas. No, I did not travel from Long Island, New York or from Easton, Maryland. I moved to Frisco, Texas in 2013. The breakfast group meets almost every Wednesday morning at the Waffle Way, 1206 West… Read More »
Verizon retiree leaders are waging a proxy challenge to an accounting gymnastics loophole in the mega telecom’s “golden parachute” rule. This rule allows Verizon’s CEO and other top executives to walk away with multi-million dollar termination payouts as high as $37 million. Association of BellTel Retirees Inc. (www.belltelretirees.org), Chairman Jack Cohen has introduced a proposal… Read More »
Verizon looks to sell off its data center business Verizon plans to sell its data center business in a potential $2.5 billion deal, according to Reuters. One source who spoke to Reuters said Verizon’s business center assets include 48 data centers, which currently generate earnings of about $275 million. Despite the fact that Verizon acquired Terremark, a… Read More »
On January 15, 2016, Board members John Hyland and Jack Cohen met with a retire club from Putnam County to discuss retiree issues at the Eveready Diner in Brewster, New York.