who is holding Lo Mac accountable for dismal decisions to buy Wireless from Vodafone, Yahoo and go90 ??
9 replies (most recent on top)
No one sold any shares of stock. As part of the executive compensation plan, Directors and above receive Restricted Stock Units (RSU). The higher your level, the more RSUs you receive. 2/10/17 was the day the shares were distributed (given) to senior leaders. They are free to turn around and sell them or hold them for as long as they want.
@wvt is a basking ridge troll. So troll, hows it feel to be Legere's b!tch these days?
Of course a Troll would say fake news. Your sounding like our retarddddd commander in chief.
Looks like 60k shares, not 100k. Why not let the facts stand on their own?
You may argue that Lowell and others are overcompensated relative to their abilities to generate value (hi Marnie!) but then disposing of stocks is not the real issue.
Even Warren Buffet Berkshire Hathaway holdings dumped Verizon stock in 4th Qtr of 2016. If you want proof go look at Berkshire Hathaway 13F SEC filing done on 2/14/2017. Given the performance of Berkshire Hathaway over a lifetime, I would think his sale of Verizon speaks volumes about the future performance of Verizon stock..... I.e. Not going anywhere and most probably a continued downward trend
Insider Relation Last Date ▼ Transaction Type OwnerType Shares Traded Last Price Shares Held
ELLIS MATTHEW D. Officer 02/10/2017 Disposition (Non Open Market) direct 4,815 48.9800 17,856
ELLIS MATTHEW D. Officer 02/10/2017 Option Execute direct 9,286 22,671
GURNANI ROGER Officer 02/10/2017 Disposition (Non Open Market) direct 15,104 48.9800 64,181
GURNANI ROGER Officer 02/10/2017 Option Execute direct 29,129 79,285
MCADAM LOWELL C Officer 02/10/2017 Disposition (Non Open Market) direct 60,413 48.9800 697,957
MCADAM LOWELL C Officer 02/10/2017 Option Execute direct 116,514 758,370
REED MARC C Officer 02/10/2017 Disposition (Non Open Market) direct 17,621 48.9800 80,823
REED MARC C Officer 02/10/2017 Option Execute direct 33,984 98,444
SCOTTI DIEGO Officer 02/10/2017 Disposition (Non Open Market) direct 13,253 48.9800 11,265
SCOTTI DIEGO Officer 02/10/2017 Option Execute direct 23,681 24,518
SILLIMAN CRAIG L. Officer 02/10/2017 Disposition (Non Open Market) direct 5,115 48.9800 11,479
SILLIMAN CRAIG L. Officer 02/10/2017 Option Execute direct 11,215 16,594
SKIADAS ANTHONY T Officer 02/10/2017 Disposition (Non Open Market) direct 5,815 48.9800 28,553
SKIADAS ANTHONY T Officer 02/10/2017 Option Execute direct 11,215 34,368
STRATTON JOHN G Officer 02/10/2017 Disposition (Non Open Market) direct 21,145 48.9800 92,634
Read more: http://www.nasdaq.com/symbol/vz/insider-trades#ixzz4YirjUTAU
Check SEC filings for Lo Mac sales reported today
" Are low income families, seniors, small businesses, and anyone using the Verizon utility communications networks getting charged for executive compensation?
Is the executive pay part of the larger “Corporate Operations” expenses that are being dumped into the state utility to create ‘losses’?
Did the company manipulate the financial accounting to make the wireline networks pay the majority of these Corporate Operations expenses so that they would appear unprofitable, to help the company’s policy goals—‘shut off the copper’, slow down or stop maintaining the wires, much less upgrading them to fiber optics; and, of course, get rid of the unions? "
http://www.huffingtonpost.com/bruce-kushnick/are-the-salaries-of-veriz_b_9815496.html
05/01/2016 01:06 am
"This last collection of corporate largesse is particularly poignant considering that the Unions are on strike. Lowell got $600,000 in benefits, from the personal use of the corporate jet to money for his savings plan, life insurance, and the use of a company vehicle for personal use; he even got his ‘out-of-pocket’ expenses reimbursed for a preventive medical examination. (These payments were included as part of the $41 million 2015 payouts in salary+ to these four executives.)
This is some of the fine print from the Proxy:
2016-05-01-1462078737-4276493-pocketfineprintjet.png
Were these expenses added to Corporate Operations expense? Did customers really pay $19,000 so that Mr. Stratton’s wife could attend a corporate party? Are Verizon customers all paying for the executives’ “financial planning” or Lowell reimbursed to get a ‘routine’ preventative medical check up by a doctor?
It’s time to audit the books. It’s time for investigations."
Fake news. But this is a sham site so anyone surprised?