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Verizon Retirees Sue to Halt Verizon-s $7.5 Billion Sell-Off of 41,000 Pensions

Federal Court Action Seeks to Reverse Spin-Off to Prudential Insurance Annuity Plan

Retirees Say Tighter Controls on Verizon Senior Management Bonuses Needed

COLD SPRING HARBOR, NY — (Marketwire) — 03/27/12 — The 128,000 member Association of BellTel Retirees () has introduced a proxy proposal to tighten the standards for awarding performance share payouts (PSU) to senior executives at Verizon (NYSE: VZ) when the company-s performance is subpar. Verizon-s annual shareholders- meeting is May 3, at the Von Braun Center (700 Monroe Street) in Huntsville, Alabama.Under its current policy Verizon senior executives are granted annual long term equity

Verizon Retirees Speak Out on Undisclosed $20 Million CEO Bonus

COLD SPRING HARBOR, NY — (Marketwire) — 01/09/12 — The Association of BellTel Retirees (), representing 230,000 Verizon (NYSE: VZ) retirees and which has waged numerous shareowner proxy campaigns at the company over the last 12 years, is highly distressed by reports ) that Verizon failed to disclose to shareowners $20 million in additional compensation it paid out to former CEO Ivan Seidenberg in 2009 and 2010 alone.The $20 million in undisclosed compensation relates to above-target payouts


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