The company’s CEO, Lowell McAdam, reportedly will make $23.1 million in total compensation in 2016, a steady increase from $18.3 million in 2014. Presidential candidate Bernie Sanders has blasted Verizon for the enormous executive compensation, portraying it as a sign of corporate greed.
The Fiscal Policy Institute chief economist argues that the corporate telecommunications giant “would rather use its $1.5 billion a month in profits to enrich top executives or buy up other companies and further consolidate its market power.”