Wednesday, April 7, 2010 as of 11:14 AM ET
Ivan Seidenberg (born December 10, 1946) was the Chairman and CEO of Verizon Communications. He is also the current Chairman of the Business Roundtable.
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Verizon Communications Inc.
(VZ) more than tripled Lowell McAdam's total compensation last year after he took over the chief executive job at the telecommunications company in August.McAdam, who previously served as chief operating officer of Verizon and CEO of Verizon Wireless , took in $23.1 million last year, a jump from $7.2 million in 2010, according to Verizon's annual report released Monday. Verizon boosted McAdam's salary by 53% to $1.4 million and increased his stock awards more than four-fold to $18.8 million.His package contrasts with that of rival AT&T Inc. (T) CEO Randall Stephenson , whose total 2011 take fell by more than $2 million to $22.02 million, due in part to the failure of his bid for Deutsche Telekom AG's (DTE.XE, DTEGY) T-Mobile USA following regulatory resistance.Under McAdam, Verizon Wireless last year reached a deal to buy $3.9 billion in wireless airwaves from a group of cable companies and began offering the popular Apple Inc. (AAPL) iPhone and iPad for th...
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