General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBring 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.
mercuryblues
(14,532 posts)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)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)and find someone that knows how to run a company.
kristopher
(29,798 posts)...he is paid to drive the stock price as high as possible by any means available.
bemildred
(90,061 posts)malaise
(269,053 posts)They are sounding desperate
SoapBox
(18,791 posts)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)for McAdam...as soon as he takes a pay-cut...Pay him the same as his secretary...
mindwalker_i
(4,407 posts)The rest of us can spread our ass-cheeks wider.
mhatrw
(10,786 posts)FighttheFuture
(1,313 posts)Glassunion
(10,201 posts)mhatrw
(10,786 posts)MisterP
(23,730 posts)47of74
(18,470 posts)malaise
(269,053 posts)X_Digger
(18,585 posts)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."
malaise
(269,053 posts)trof
(54,256 posts)There are so many villains amongst them.