Verizon Communications CEO Ivan Seidenberg saw his total compensation package reach about $20.3 million for 2007, a very slight increase over what Seidenberg was paid the previous year, according to a report from the Associated Press. The compensation counted a salary of $2.1 million, a bonus of $4.2 million, a stock award of about $13.1 million and perks worth about $825,312, including $149,023 worth of personal use of a corporate aircraft.
Verizon said in a regulatory filing yesterday that the company had hit all marks during 2007 on which CEO pay is based. The company's stock value has been sagging since 2008 opened, making it easy to forget the stock price actually rose more than 17 percent during 2007. So, we'll ask the same question we asked recently when BusinessWeek reported compensation figures for AT&T CEO Randall Stephenson: Is Seidenberg's compensation fair or out of whack? Post a comment and let us know what you think.
For more:
- read this article from the Associated Press
Related article:
- Stephenson, who spent half of 2007 as CEO of AT&T and half as vice chairman, collected $18 million last year