This excerpt taken from the VZ DEF 14A filed Mar 17, 2008.
Level 3 Communications
The Market Peers are listed below and include a broader group of large, multi-faceted companies that are similar to Verizon in terms of size and structure and compete with Verizon for
executive talent and against which the market compares Verizon's performance. Most of the companies in the Industry Peer group are also included in the Market Peers.
Bet you've never seen portfolio analytics like these.