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Ivan G. Seidenberg
Verizon Communications (VZ) |
2009 Annual Comp.
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$17,012,407
$30,933,407
$0
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 |
Base Salary |
$2,100,000 |
| Cash Bonus |
$2,953,125 |
|
Stock Gains
Stock Expense
Stock Granted
|
$11,079,000
$25,000,000
$0
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|
Options Gains
Options Expense
Options Granted
|
$0
$0
$0
|
| Other |
$880,282 |
| |
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FYE 12/31/09 |
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Biography
Mr. Seidenberg, age 63, is Chairman and Chief Executive Officer of Verizon Communications Inc. Mr. Seidenberg has led Verizon since its inception, first as co-Chief Executive Officer in 2000, then as sole Chief Executive Officer since 2002 and as Chairman since 2004. Mr. Seidenberg began his career over 40 years ago with a predecessor of Verizon, holding positions of increasing responsibility, including serving as Chairman and Chief Executive Officer of NYNEX Corporation, then Bell Atlantic Corporation, both predecessors of Verizon. Mr. Seidenberg was instrumental in forming Verizon through a number of mergers and acquisitions, including Bell Atlantic and NYNEX (1997), GTE Corporation (2000) and MCI, Inc. (2006). He also helped create what is now Verizon Wireless in 1999 by bringing together the assets of Bell Atlantic Mobile, GTE Wireless and the U.S. properties of Vodafone AirTouch.
| Board Memberships |  | Verizon
Chair of the Board | | Former Named Executive Positions | | N/A | | Former Board Affiliations | | Wyeth
Member of the Board of Directors | | Boston Properties
Member of the Board of Directors | | Honeywell
Member of the Board of Directors | | CVS Caremark
Member of the Board of Directors | | CBS
Member of the Board of Directors |
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Accumulated Wealth
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Total |
$120,678,653 |
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Equity Holdings |
$62,740,997 |
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Pension Balance |
$2,941,424 |
|
Deferred Comp. Balance |
$54,996,232 |
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