Association’s Proxy Voting Recommendations for 2016 - Association of BellTel Retirees, Inc.

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 have a record of success in the proxy proposal arena that is unmatched by anyone in the world. The Association has won ten proposals, two by a majority vote and eight that the company agreed to without a majority mandate. This demonstrates that Verizon understands that shareholders care about such matters. Further, this record shows that by combining the voting power of our membership with other shareholders who we influence through our out-reach process can make improvements that will better serve the corporation and all of its stakeholders.

In 2007, the Association of BellTel Retirees’ proposal to require the company to provide shareholders the ability to vote on executive pay, commonly called “Say on Pay,” won a majority vote. In January of 2008, the Verizon board agreed to implement that vote effective for the 2009 annual meeting. This was a remarkable win, the first for a major American company in history, and this year Verizon shareholders will have the ability to let Verizon know what they think of the executive compensation plan.

Association of BellTel Retirees Proxy Proposal History

The Association and its board members have a long and successful history of promoting changes in Verizon, Bell Atlantic and NYNEX corporate governance. The record that the Association has achieved is unmatched by anyone that we know of in the history of corporate activism. It started in the fall of 1997 when the Association and a director filed two proposals, “Board Composition” and “Executive Severance Agreements.” Click HERE to read the history of our proxy efforts.

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