Association of BellTel Retirees Chairman Jack Cohen was invited to address a rally of more than 1,000 striking Verizon workers at the State House in Trenton. Cohen told the assembled crowd about the Association’s shareholder proxy campaign, which would cause the company to limit Verizon CEO Lowell McAdam’s potential $40 million golden parachute. “That’s right,”… Read More »
Association’s Proxy Voting Recommendations for 2016
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 »
BellTel Retiree – Spring 2016 – Retiree News and Notes – Texas
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 »
BellTel Retiree – Spring 2016 – Proxy 2016: Retirees Fight Against Even More Verizon Executive Golden Parachutes
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 »
BellTel Retiree – Spring 2016 – Verizon Business News
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 »
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