Verizon Communications
Corporate Bias Rating
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Risk Level:
Summary:
Verizon is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. Verizon occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.
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CEO of Verizon Communications
Hans Vestberg
Summary:
Headquartered in Basking Ridge, New York, Verizon Communications is a member of the Fortune 250 operating in the Telecommunication Services industry. Hans Vestberg serves as CEO/President and Chairman, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $321,907 to Republican causes and $1,637,969 to Democratic causes. Under their tenure, Verizon Communications currently holds a 'Medium Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$321,907
$1,637,969
Republican
Democrat
China Risk Database
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Average Annual Revenue
Global
$131,996,666,667
China Revenue
0.00%
$0
Annual Average of Total Assets
Global
$320,330,000,000
China Assets
0.00%
$0
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/7/24 | Social | NorthStar Asset Management Inc. Funded Pension Plan | Report on Eliminating Discrimination through Inclusive Hiring | Against | 16.23% |
| 5/25/23 | Social | NorthStar Asset Management Inc. | Report on hiring practices related to people with arrest or incarceration records | Against | 18.24% |
| 5/11/23 | Governance | Thomas M. Steed | Amend Senior Executive Clawback Policy | Against | 36.60% |
| 5/11/23 | Governance | Kenneth Steiner | Independent Chair of Board | Against | 29.00% |
| 5/11/23 | Governance | BellTel Retirees | Shareholder Ratification of Executive Severance Packages | Against | 11.30% |
| 5/11/23 | Governance | Trillium | Cease Political Contributions | Against | 6.00% |
| 5/11/23 | Governance | National Legal and Policy Center | Report on Government Content Takedown Requests | Against | 2.60% |
| 5/12/22 | Governance | Assoc. of BellTel Retirees | Shareholder Ratification of Executive Severance Packages | Against | 44.06% |
| 5/12/22 | Governance | Thomas Steed | Amend Senior Executive Compensation Clawback Policy | Against | 37.00% |
| 5/12/22 | Social | National Legal and Policy Center | Report on Charitable Contributions | Against | 5.68% |
| 5/12/22 | Social | Steven Milloy | Report on Operations in Communist China | Against | 4.50% |
In the News
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