Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, April 20, 2007

AFL-CIO Leads Shareholder Campaign at Verizon

The AFL-CIO is campaigning against the re-election of the six Verizon directors who sit on the compensation committee, to protest what it says is the too-generous pay package of CEO Ivan Seidenberg.  The annual meeting is scheduled for May 3, the first one held under the company's majority vote rule.  Activist shareholders waged a similar campaign at Toll Brothers (vote not yet disclosed) and are expected to launch one at CVS/Caremark.  See WPost, AFL-CIO Goes After 6 Verizon Directors.

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