Verizon Execs Cash In on Company’s Success

Verizon’s top execs will bring are bringing home a little more bacon.

The communications giant has raised CEO Lowell McAdam’s base salary by about 7 percent. The company raised his long-term bonus from 625 percent of his base to 750 percent, according to Reuters.

A recent regulatory filing put McAdam’s total compensation in 2012 at $14 million. His base was $1.4 million.

Verizon also approved raises for CFO Fran Shammo and Verizon Wireless boss Daniel Mead. For 2012, Shammo’s total compensation was $5.2 million and Mead’s was $6.4 million.

The base salary adjustments will take effect March 2.

Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


In our Channel Influencer Awards digital issue, we highlighted eight technologies ready to "take off" in the channel this year. Which two will take off the most?

View Results

Loading ... Loading ...
The ID is: 87767