It pays to be the CEO of a major telecommunications carrier. AP reports that Ivan Seidenberg, CEO Verizon of received $20.3 million in compensation in 2007, up
slightly from $20.2 million the year before, according to record filings.
Seidenberg’s bonus was $4.2 million, down $52,500
from 2006. His stock award was about the same as in 2006, about
$13.1 million, and his salary remained $2.1 million. His compensation in 2007 included perks worth
$825,312, including $149,023 in personal use of a company aircraft, and
$431,395 in contributions to a deferred-savings plan.
We assume perks may have included any choice of handsets without a contract as well as unlimited voice and data, but when you make that much money we wonder if you even care…