This excerpt taken from the VZ DEF 14A filed Mar 23, 2009.
2008 Annual Base Salary
The Committee determines an executives base salary after reviewing the competitive pay practices of the Related Dow Peers for comparable positions, considering the scope of the executives responsibility and experience and discussing it with the Consultant. The Committee also discusses its assessment of the other named executive officers with the CEO. For 2008, the Committee determined that the data supported a 6% base salary increase for Mr. Strigl and Ms. Toben and a 3% base salary increase for Messrs. Barr and McAdam, and it recommended to the Board, and the Board concurred, that it was not necessary to adjust the base salary of the CEO.