Ivan G. Seidenberg has been a key figure in the telecommunications world, especially at Verizon Communications. He played a major role in forming Verizon through various mergers, including those with Bell Atlantic and MCI. Seidenberg began his career with a...

Current Market Cap

$176.51B

Number of Employees

105.4K

Total Compensation

2007 - 2011

Trending up by 7.60% last year
Showing total compensation for the last 2007 - 2011

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 30.14% last year

Year

2011

Total Compensation

$3.02M

Salary

$2.10M

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value, focusing on long-term incentives and competitive benchmarking against peers.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2011.

Other

$920.95K

Board Justification

Other compensation includes personal use of company aircraft, contributions to savings plans, and life insurance benefits.

Restricted Stock

$0.00(0 PSUs and RSUs)

Board Justification

No stock was vested in 2011 as the focus was on the performance-based awards that were granted in previous years.

Performance Metrics

Performance metrics included adjusted EPS, revenue, free cash flow, and diversity targets.

SEC Filing

From March 19, 2012

Ivan G. Seidenberg

Ex-CEO of Verizon Communications

IG

Education

Bachelor's degree in Mathematics from City College of New York and MBA from Pace University

Field of Expertise

Technology & Engineering - Telecommunications

Born

December 10, 1946 - 77 years ago

Is Founder?

No

Tenure

11 years 8 months (Apr 2000 - Dec 2011)

Previous Experience

CEO of Bell Atlantic