Securities Law Prof Blog

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

Thursday, April 5, 2007

Union Goes After Verizon Directors

The AFL-CIO is campaigning against the reelection of the Verizon directors who authorized CEO Ivan Seidenberg's compensation, saying that he received $110 million over a five-year period while the stock price dropped and calling Verizon "the poster child for pay for pulse."  Previously, the union took on Home Depot and Pfizer, both of whose CEOs were forced out.  See WSJ, AFL-CIO Seeks to Oust
Verizon Compensation Committee.

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