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VZ » Topics » MARKET PEERS

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

MARKET PEERS

 

3M

   Comcast   Motorola

Alltel

   Ford   Nortel

Altria

   General Electric   PepsiCo

American Express

   General Motors   Procter & Gamble

AT&T

   Hewlett-Packard   Qwest

Boeing

   Honeywell   Sprint Nextel

Bristol Myers Squibb

   IBM   Time Warner

Cablevision

   Intel   UTC

Cisco Systems

   Johnson & Johnson   Walt Disney

Citizens Communications

   Merck   Wyeth

Coca-Cola

   Microsoft    

 

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For 2007, the Committee determined that target annual compensation (base salary and target annual incentive opportunities) for the named executive officers should generally be at the 50th percentile for comparable positions at the Market Peers. The Committee believed that providing the opportunity to earn this level of annual compensation, if the applicable performance measures are achieved, was appropriate to attract high-performing and experienced executives and motivate the executives to achieve the short-term performance measures. The Committee benchmarked target long-term incentive opportunities for the named executive officers between the 60th and the 75th percentile when compared to positions at the Market Peers. The Committee believed that providing the opportunity to earn this level of long-term compensation, if the relative TSR performance levels are achieved, was appropriate to align the executives’ interests with the creation of sustained long-term shareholder value.

 

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