This excerpt taken from the VZ DEF 14A filed Mar 17, 2008.
Related Dow Peer Group
In 2007, in consideration of
market trends, the Committee reevaluated the companies against which it benchmarks compensation opportunities and performance.
The Committee determined that, given the ongoing consolidation in the industry, the reduced number of similarly-sized industry competitors and the entry of non-traditional competitors,
beginning in 2008, it will use a single group to benchmark decisions related to compensation and performance.
This new peer group includes the 29 companies (other than Verizon) in the Dow Jones Industrial Average, plus Verizons four largest competitors that are not included in the Dow Jones
Industrial Average. The current companies are listed in the following chart.
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