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 eleven proposals, three by 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.
Association of BellTel Retirees Proxy Proposal History