Verizon says CEO Hans Vestberg's 2023 total compensation was $24.1 Million versus $19.8 Million in 2022 - SEC filing.
Verizon says CEO pay ratio for 2023 was 168 to 1
That makes the average total compensation $143,452
6 replies (most recent on top)
the new AVP's make quite a bit too
Those numbers tell me everyone but corporate frontline is overpaid for what they really do.
I got 21% too.....
Divided by 10
Well done , keep up the good work ! VZ is in great hands .
He should get the same 2% increase everyone else got. Actually deserves less than that.
Average seems a bit high. Maybe it has something to do with the 6 EVPs and 77 SVPs.
Or the “Total Rewards” fluffed up comp that counts 401k POTENTIAL match dollars, health insurance subsidy, and TUITION reimbursement as TC?
Anyone who knows the industry knows that counting these dollars as Total Comp would be downright LAUGHABLE. Its base, annual bonus, annual stock. It’s already borderline fluffing to include sign-on and potential stock appreciation.