Well… it actually isn’t. Because it’s imaginary. It doesn’t exist. In the terminology of Verizon’s “Executive Deferral Plan”… it’s just “hypothetical.”For instance, Verizon CEO Lowell McAdam. According to SEC filings, McAdam “owns” more than 278,900 phantom shares of Verizon stock. What’s that worth? I have no idea. According to the filings, the phantom stock McAdam “owns” is the economic equivalent of only “a portion” of the corresponding shares of Verizon stock. How big a “portion”? I have no idea. I couldn’t find that anywhere, either.Based on what I could find, 10 Verizon employees who report their ownership to the SEC together “own” more than 1.5 million phantom shares. All reported as “deferred compensation” – payable in the future – but I couldn’t find any record of how much Verizon’s total long-term liability is, for all these “hypothetical” shares.
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"I am union, Wah Wah Wah,
I want more Wah wah Wah."
Spoken like a true moron, you must be management.
I am union, Wah Wah Wah,
I want more Wah wah Wah.
I do not care if any company goes BK, I want more.
Wah Wah Wah
Stay Union Greedy.
There you go sounding small and insignificant again keep it up this way people know what a little man you really are now go kick a dog or yell at the kids
Just what exactly is a "working family?" Pretty pathetic of you forcing your children to work and stealing their money. @GKl4mSc <---- proletariat tool
it makes me uncomfortable that Verizon – which has about 178,000 working families depending on it for paychecks – is run by executives who are willing to put millions of dollars of their own money into “hypothetical” investments…just to delay taxation I can’t tell how much executive compensation is at the same time Verizon is insisting on concessions from its employee unions.
I couldn’t find out how much money – total – is hypothetically “invested” in this hypothetical “Moody’s” fund. I couldn’t find out how many executives participate. So what’s the long-term liability to Verizon’s bottom line? But the bottom line liability? How much is owed to Verizon executives under this Plan? I couldn’t find it. Anywhere. (If you can find it, please leave me a note in the comments!)