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malaise

(269,053 posts)
Wed Apr 13, 2016, 03:41 PM Apr 2016

Bring out the violins for Verizon's CEO

He finds Bernie's views contemptible - apparently his New York Verizon's workers disagree - Bernie was well received on the picket line

http://www.businessinsider.com/verizon-ceo-bernie-sanders-cwa-2016-4
<snip>
Verizon CEO Lowell McAdam took a big shot at Democratic presidential candidate Bernie Sanders on Wednesday for siding with striking Verizon workers and criticizing McAdam's company.

Thousands of East Coast Verizon workers walked off the job earlier in the day after the company and the Communications Workers of America union failed to come to a compromise over months-old benefits negotiations.

In a LinkedIn post, McAdam criticized Sanders' support for the Verizon workers, which the CEO characterized as "uninformed" and "contemptible."

"I understand that rhetoric gets heated in a Presidential campaign," McAdam wrote. "I also get that big companies are an easy target for candidates looking for convenient villains for the economic distress felt by many of our citizens."

He continued:

But when rhetoric becomes disconnected from reality, we've crossed a dangerous line. We deserve better from people aspiring to be President. At the very least, we should demand that candidates base their arguments on the facts even when they don't fit their campaign narratives.

McAdam also rejected some of Sanders' claims about the company, including that it doesn't pay its fair share in taxes and that it outsources jobs overseas.

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mercuryblues

(14,532 posts)
1. Poor persecuted McAdam
Wed Apr 13, 2016, 04:25 PM
Apr 2016


Lowell C. McAdam

Executive Compensation

As Chairman and Chief Executive Officer at VERIZON COMMUNICATIONS INC, Lowell C. McAdam made $18,260,568 in total compensation. Of this total $1,661,538 was received as a salary, $4,000,000 was received as a bonus, $0 was received in stock options, $12,000,065 was awarded as stock and $598,965 came from other types of compensation. This information is according to proxy statements filed for the 2015 fiscal year.


http://www1.salary.com/Lowell-C-McAdam-Salary-Bonus-Stock-Options-for-VERIZON-COMMUNICATIONS-INC.html

onethatcares

(16,172 posts)
2. and the union would like them
Wed Apr 13, 2016, 04:33 PM
Apr 2016

to not outsource the call centers overseas and not to use sub contractors.

I think Verizon has a problem here, not the union.

LiberalArkie

(15,719 posts)
3. McAdam has run Verizon into the ground. At some point the VZ board needs to cut him loose
Wed Apr 13, 2016, 04:44 PM
Apr 2016

and find someone that knows how to run a company.

kristopher

(29,798 posts)
10. Look at his pay plan - he isn't compensated to make the company good at telecom...
Wed Apr 13, 2016, 05:45 PM
Apr 2016

...he is paid to drive the stock price as high as possible by any means available.

SoapBox

(18,791 posts)
5. I didn't even know that Verizon had sold off a huge chunk for $10 BILLION
Wed Apr 13, 2016, 05:12 PM
Apr 2016

to, was it Frontier???

I didn't even know about that until a big outage a couple days ago in Los Angeles.

Well, well, well...

Thespian2

(2,741 posts)
6. We should all feel sorry
Wed Apr 13, 2016, 05:20 PM
Apr 2016

for McAdam...as soon as he takes a pay-cut...Pay him the same as his secretary...

X_Digger

(18,585 posts)
17. Fuck that asshole.
Wed Apr 13, 2016, 07:52 PM
Apr 2016

When I worked at Verizon, I had to fire my five person team and train some folks from the Dominican Republic.

Free clue fucker- Nobody's tombstone ever read, "He added shareholder value."

trof

(54,256 posts)
19. "Big companies" are a target rich environment for 'villains'.
Wed Apr 13, 2016, 08:01 PM
Apr 2016

There are so many villains amongst them.

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