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Verizon Execs Cash In on Company's Success

By Kimberly Koerth
February 12, 2014 - News

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.

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