Thursday, May 3, 2012

Verizon the Greedy

Dear Mark ,

Recently, we launched our CEO Pay and the 99% website1 to expose the outlandish practices of companies giving huge compensation to CEOs while cutting jobs and sitting on record amounts in cash holdings and short-term investments.

One of the most egregious examples of corporate excess and greed is Verizon. While Verizon tripled the salary of CEO Lowell McAdam to $23.1 million last year,2 it also was cutting U.S. jobs, gutting worker pensions and charging current and retired employees and their families thousands of dollars more for health benefits while reducing disability coverage.

This is unacceptable and we need to let Verizon know it.

Call 800-229-9460 now to record a message that will be delivered directly to Verizon executives.

Today, while Verizon holds its shareholders meeting in Huntsville, Ala., working families and Verizon customers in Huntsville and across the country will be calling on the company to end these “VeriGreedy” practices, respect its customers and the workers who keep the company running and save good, middle-class jobs.

Because of the hard work of tens of thousands of customer support representatives, technicians, electricians and other workers who provide the best quality service they can to customers, Verizon has enjoyed success. Verizon workers are part of the solution, not the problem. They should not be punished with job cuts and increased health care and benefit costs while Verizon executives get huge pay raises and the company sits on $14 billion in cash holdings and short-term investments.3

Call 800-229-9460 now and tell Verizon to treat workers and customers with respect—by negotiating a fair contract.

Corporate greed on this scale is bad enough, but when combined with neglecting workers, it’s completely unacceptable. Together we can put an end to these terrible corporate practices—but only if you speak up and make your voice heard.

In Solidarity,

Andy Richards
New Media Strategist, AFL-CIO

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