Verizon: Executive Compensation

Here are numbers for 2024:

Hans Vestberg – Former CEO – Total compensation: US$ 24.16 million
Craig Silliman – Former EVP & President, Verizon Global Services – Total compensation: US$ 15.12 million
Sowmyanarayan Sampath – EVP & Group CEO, Verizon Consumer – Total compensation: US$ 13.28 million
Kyle Malady – EVP & Group CEO, Verizon Business – Total compensation: US$ 12.30 million
Anthony Skiadas – EVP & CFO – Total compensation: US$ 11.25 million
Vandana Venkatesh – EVP, Public Policy & Chief Legal Officer – Total compensation: US$ 6.43 million
John Stratton – Executive at Verizon – Total compensation: US$ 7.04 million
Marni Walden – Executive at Verizon – Total compensation: US$ 6.75 million
Marc Christopher Reed – Executive at Verizon – Total compensation: US$ 6.17 million

Sources:

https://www.sec.gov/Archives/edgar/data/732712/000130817925000404/vz4363511-def14a.htm
https://www1.salary.com/VERIZON-COMMUNICATIONS-INC-Executive-Salaries.html
https://bullfincher.io/companies/verizon-communications/ceo-salary
https://salary.com/research/executive-compensation/verizon-communications-inc-executive-salary

#ExecComp #ExecutiveBonus #SEC #TotalComp

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9 replies (most recent on top)

@aj
so his grandkids won't have to work as VTeamers!

@a4 check ivan s...

Nice! Y'all hiring?

@aj but whatever he does, unless he gets fired he makes 32M in two years.
Nice job if you can get it. And if 20,000 others have to lose their job in order to pay for this, I'm sure that's a cost he's willing to have those others pay.

Here is the AI eval of new CEO pay by end of 2027:
At target performance, Dan Schulman could make ~US$70 million or so through the end of 2027.
At maximum performance (assuming 200% payout on PSUs and full vesting), the amount could approach or exceed US$100 million, plus additional upside from supplemental PSUs tied to share-price performance.

He has some incentive to make things work!

band 5 approximate base range 175-220
band 6 approximate base range 140-175
band 7 approximate base range 85-130

What would have anyone believe that the very same individuals that have failed to establish, execute, and direct a winning strategy are going to somehow do anything differently going forward ?

@OP consider the increase from 2022 while they were firing thousands ,their pay increased

it's all spelled out in the links that the OP posted. not all #s are 2024 thoguh.

They’re still paying Walden and Stratton???

Thread regarding Verizon Communications Inc. layoffs

Verizon: Executive Compensation

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