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Verizon Communications
From SourceWatch
Verizon is a New York-headquartered company (though it is incorporated in Delaware) which was formed on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp. [1]
Contents |
Political contributions
Ivan G. Seidenberg, Chairman and Chief Executive Officer of Verizon, is a Bush Pioneer having raised at least $100,000 for Bush in the 2004 presidential election. [1]
Peter Davidson, Senior Vice President for Federal Government Relations (lobbyist) at Verizon, is also a Bush Pioneer. Davidson passed twice through the government-industry revolving door serving as general counsel and policy director to then-House Majority Leader Dick Armey (R-Texas). Davidson then worked for Qwest Communications, then in the George W. Bush administration with the U.S. Trade Representative, then moving to Verizon. [2] [3]
Verizon gave $1,086,400 to federal candidates in the 05/06 election cycle through its political action committee (PAC) - 36% to Democrats, 63% to Republicans, and 1% to other parties. [4]
Lobbying
The company spent $13,050,000 for lobbying in 2006. About half of the money went for in-house lobbyists with the remainder being spent on over 40 lobbying firms, some of which were Federalist Group, Patton Boggs, Ernst & Young, Quinn Gillespie & Associates, Bryan Cave Strategies, DCI Group, Cassidy & Associates, The Livingston Group, Mayer, Brown, Rowe & Maw, and Parry Romani DeConcini & Symms. [5]
Personnel
| Key executives and 2006 pay: [6] | Options exercised |
|||
| Ivan G. Seidenberg, Chairman and Chief Executive Officer | $2,100,000 | $1,800,000 | ||
| Dennis F. Strigl, Chief Operating Officer | $1,130,000 | $0 | ||
| Doreen A. Toben, Chief Financial Officer | $825,000 | $0 | ||
| William P. Barr, Executive Vice President and General Counsel | $840,000 | $0 | ||
| Lawrence T. Babbio Jr., Advisor | $1,200,000 | $0 |
Selected members of the Board of Directors: [7]
- Robert W. Lane, Also Director at General Electric
- Joseph Neubauer, Also Chairman and Chief Executive Officer, ARAMARK and Director at Macy's and Wachovia
- Clarence Otis, Jr., Also Chairman and Chief Executive Officer, Darden Restaurants
- Walter V. Shipley, Also Director at Exxon Mobil and Wyeth
- John W. Snow, Former United States Secretary of the Treasury under George W. Bush
Contact details
140 West St.
New York, NY 10007
Phone: 212-395-1000
Fax: 212-571-1897
Web: http://www22.verizon.com/
Resources and articles
Related SourceWatch resources
References
- ↑ Bush Pioneer Ivan Seidenberg, Texans for Public Justice, accessed September 2007.
- ↑ Bush Pioneer Peter Davidson, Texans for Public Justice, accessed September 2007.
- ↑ Daniel Lathrop, "Bells vs. AT&T", The Center for Public Integrity, October 28, 2004.
- ↑ 2006 PAC Summary Data, Open Secrets.
- ↑ Verizon Communications lobbying expenses, Open Secrets.
- ↑ Verizon Key Executives, Yahoo Finance, accessed September 2007.
- ↑ Board of Directors, Verizon, accessed September 2007.
External articles
- Jeff Tyler, "Faking the count: Verizon is among the phone companies fighting for the right to compete directly with cable companies", Marketplace, NPR, April 27, 2006.
