Group Of Verizon Retirees Opposing Exec 'Enormous Exit Packages' [telecom]

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The retired shareholder association plans to present a proposal limiting so-called golden parachutes valued up to $39.4 million.

By Jacqueline Sweet

COLD SPRING HARBOR, NY - A nonprofit group called Association of BellTel Retirees is opposing what they call golden parachutes at Verizon. The group, based in Cold Spring Harbor, represents retired shareholders. The group plans to present two proposals at Verizon's May shareholder meeting limiting excessive executive compensation packages.