Retail

Verizon Strikers Demand Executive-Pay Limits

May 13, 2016
By Steven Wishnia and Neal Tepel

Albuquerque, NM – Striking Verizon workers took their campaign to the company’s annual meeting May 5 in Albuquerque, N.M, where they used stock owned by the Communications Workers of America to introduce a shareholder resolution that would limit executives’ pay.

At least 15 of the more than 250 protesters were arrested after they spread a large banner on the street outside the meeting. Stockholders overwhelmingly rejected the resolution, with 92% voting to approve compensation for executives, including CEO Lowell McAdam, who made $18 million last year. The protest was part of a national day of action that included rallies in New York and Philadelphia. Verizon dismissed them as “circus-like” and “pointless.” Read more

May 12, 2016

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