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2016 Postmortem

We Want Peace

(205 posts) Mon Jun 4, 2012, 07:56 PM Jun 2012

4

Job ‘Creators’ Strike Again! Verizon To Lay Off 1,700 Workers After Paying CEO $22 Million Last Year

America’s largest wireless service provider plans to cut 1,700 jobs by offering its technicians and call center employees buyouts. Verizon Communications announced last week that it would reduce its nationwide workforce by 1 percent, and if enough workers don’t accept the buyouts, it will resort to involuntary layoffs.

Verizon paid chief executive Lowell C. McAdam more than $22.5 million in 2011, according to a Wall Street Journal analysis of executive compensation. The company has paid its top five executives more than $350 million in the last five years, according to the Communications Workers of America, the union that deals most directly with Verizon:

http://thinkprogress.org/economy/2012/06/04/494469/verizon-layoff-ceo-pay/

6 replies

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Highlight:

Job ‘Creators’ Strike Again! Verizon To Lay Off 1,700 Workers After Paying CEO $22 Million Last Year (Original Post) We Want Peace Jun 2012 OP

*headdesk* sakabatou Jun 2012 #1

Damn my brother works for them bigdarryl Jun 2012 #2

CEO and Board setup this looting of the company.... dmosh42 Jun 2012 #3

Hey, that's ONLY $13K/worker!!! HopeHoops Jun 2012 #4

Their internet service sucks, too... Blue_Tires Jun 2012 #5

Obama, Reid and Pelosi are LIVID about this and have committed to take action. (links included) Dr Fate Jun 2012 #6

sakabatou

(42,174 posts)

1. *headdesk*

Reply to We Want Peace (Original post)

Mon Jun 4, 2012, 09:23 PM

Jun 2012

bigdarryl

(13,190 posts)

2. Damn my brother works for them

Reply to We Want Peace (Original post)

Tue Jun 5, 2012, 12:14 AM

Jun 2012

He's a Regional District Manager I wonder if it's going to effect his job.He makes six figures so I'm thinking they might try and get him to buy out

dmosh42

(2,217 posts)

3. CEO and Board setup this looting of the company....

Reply to We Want Peace (Original post)

Tue Jun 5, 2012, 08:26 AM

Jun 2012

He hasn't been in the job a year, so no merit to base it on. Just plain looting!

HopeHoops

(47,675 posts)

4. Hey, that's ONLY $13K/worker!!!

Reply to We Want Peace (Original post)

Tue Jun 5, 2012, 11:37 AM

Jun 2012

Give the guy a tax cut.

Blue_Tires

(55,445 posts)

5. Their internet service sucks, too...

Reply to We Want Peace (Original post)

Tue Jun 5, 2012, 05:43 PM

Jun 2012

Dr Fate

(32,189 posts)

6. Obama, Reid and Pelosi are LIVID about this and have committed to take action. (links included)

Reply to We Want Peace (Original post)

Tue Jun 5, 2012, 05:46 PM

Jun 2012

....No more tax breaks, loop holes and subsidies for you- not while Obama, Reid and Pelosi have a say.

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