VZ » Topics » Benchmarking

This excerpt taken from the VZ DEF 14A filed Mar 17, 2008.

Benchmarking

In order to assess whether the compensation opportunities are both appropriate and competitive, the Committee compared each named executive officer’s compensation opportunities to the compensation opportunities for similarly-situated executives in comparable positions at peer companies. From 2001 through 2007, the Committee has benchmarked the Company’s compensation programs against two peer groups.

 

  · The Industry Peers are shown in the following chart and include companies that are in Verizon’s industry sector (regardless of size) and provide wireline, wireless and broadband communications services. The Committee measured Verizon’s relative performance against the Industry Peers because these companies compete directly with Verizon for customers and are affected by similar market and regulatory conditions.

 

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