Thread regarding Verizon Communications Inc. layoffs

The Rich, Keep Getting Richer

It's amazing how the rich, keep getting richer while the rest are just happy to have a job. Do you ever watch how VZ's leaders play the wealth game. Even in the midst of massive layoffs, ruining careers and families - they're getting richer!!

  • Aug 11, 2015, Marni M Walden (EVP&Pres of Prod Innov&New Bus) sold 8,229 shares at $46.26 ($380K)

  • May 5, 2015, Anthony T Skiadas (SVP & Controller) sold 2,708 shares at $50.74 ($137K) per share

  • May 1, 2015, Daniel S. Mead (EVP&Pres. of Strat Initiatives) sold 24,945 shares at $50.45 ($1.26M)

** according to the Form-4 filing with the securities and exchange commission

Why are they selling so many shares?

Hope you're excited about BIG RED....something's not right!

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| 1373 views | | 8 replies (last March 1, 2016) | Reply
Post ID: @OP+Gb4qvSt

8 replies (most recent on top)

Wow..thanks for posting.

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Post ID: @1kyl+Gb4qvSt

A few years back we were given stock options with a contract. It had to get to a certain price during the contract, and when it reached that price you could sell. Guess what, it never went high enough to sell, again they win.

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Post ID: @inz+Gb4qvSt

Well that's another great thing. These @ssholes are never held accountable. Exactly what has Marni's team produced since creation in 2013? NOTHING! Go90? Please. What a joke.

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Post ID: @znu+Gb4qvSt

Hey, what about pay for performance? Last time I checked Go90 is a joke! How can you justify Marni getting this kind of compensation when nothing has been game changing that has come out of her group. It's ridiculous how a few make so much, yet are not held accountable. It's awful!!

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Post ID: @xar+Gb4qvSt

DO I think they are paid way too much ? Yes. However I am sure if you looked back in the records somehow , you would see that these (and most at that level ) do this all the time. Shares of stock are part of their financial compensation.

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Post ID: @wfm+Gb4qvSt

Yep. So when you are hearing you need to protect shareholder value .... that basically means Lowell and his cronies.

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Post ID: @shb+Gb4qvSt

Wow, the list of senior execs selling and profiting is unbelievable! It's a gravy train for them all day, every day!!

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Post ID: @fsl+Gb4qvSt

Look up Verizon insider transactions, they sell all the time. It's easy to sell stock when it was just given to you. Need a new boat, sell stock, new lakehouse, sell stock,my kid needs to go to college, sell stock, must be nice.

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Post ID: @tie+Gb4qvSt

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