Thread regarding Verizon Communications Inc. layoffs

Long Term Incentive (LTI) at Verizon

Going back to the numbers: VP $400,000 - $500,000 ED $250,000 - $350,000 Director $200,000 - $300,000 Manager $100,000 - $175,000

These numbers are valid when looking at base salary+commission or STI (depending on roll). Manager roll is more like $75k on the low end all in, and very few are on that high end....

Most closer to $120 all in. More then a union job on average, but there are some in the union beating the manager average. However what is missing from this statement is at the director level and higher, in addition to what is listed to those numbers of $200K+ is what is called LTI (long term incentive)....and that is where the wheels fall off.

This is a 3yr stock vesting grant plan annually that has historically paid out 2 to 3x's their base salary each year. So if a low end director is making a base of say $175k, then picks up a commission or STI of another $50k, and then gets a 2x payout of LTI on base, that is a $575k payout that year. And now you know why "managers" are really very different than "directors" at Verizon.....it's LTI that is the difference maker.

While the average manager is viewed as a step up to the average union roll, they are a lot closer then most think. LTI is what needs to be shared at all levels, and at what point is that considered crazy money.

Not many people are worth that kind of money when it comes to LTI, and its no wonder a director level never leaves voluntarily, because who would walk away from that kind of money. And this is also why the manager level has so much turnover.

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| 7304 views | | 5 replies (last April 12, 2016) | Reply
Post ID: @OP+GRJgwDQ

5 replies (most recent on top)

Nonsense. A VP has a 100% bonus target.

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Post ID: @1mvc+GRJgwDQ

This is actually not correct. At least in the last 15 years, there has never been an LTI that paid out at 2x or 3x salary. For my particular position, I'm underpaid on my base salary and so the LTI is used to get you to the normal salary range for this position. It's kind of frustrating. But for the record - it's never ever been as high as you think.

they TELL you it's going to be big but you're only guaranteed less than 50% of it! The rest is up to their discretion. So, let me ask you - what do YOU think their discretion usually says to do?

So this is pretty inaccurate.

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Post ID: @1tiv+GRJgwDQ

Thank you @kdb

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Post ID: @aix+GRJgwDQ

It means that there is a huge diversity in pay and compensation among the manager ranks. Most managers make about what seasoned union workers do with OT, but the favored few who make it to LTI land make gobs of money. so crappy benefits and pensions don't affect them as much.

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Post ID: @kdb+GRJgwDQ

What does this even mean?

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Post ID: @upc+GRJgwDQ

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