Verizon Communications

BlueJeans, Visible
Basking Ridge, New York
Telecommunication Services

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk
1792 Back to Business Badge

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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Board Bias

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CEO of Verizon Communications

Hans Vestberg

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.

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Political Contributions of Leadership:

$321,907

$1,637,969

Republican

Democrat

China Risk Database

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Number of Facilities: 6

Total Export Dollars: $916,915

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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 ResolutionMgmt RecTotal Vote % in Favor
5/7/24SocialNorthStar Asset Management Inc. Funded Pension PlanReport on Eliminating Discrimination through Inclusive HiringAgainst16.23%
5/25/23SocialNorthStar Asset Management Inc.Report on hiring practices related to people with arrest or incarceration recordsAgainst18.24%
5/11/23GovernanceThomas M. SteedAmend Senior Executive Clawback PolicyAgainst36.60%
5/11/23GovernanceKenneth SteinerIndependent Chair of BoardAgainst29.00%
5/11/23GovernanceBellTel RetireesShareholder Ratification of Executive Severance PackagesAgainst11.30%
5/11/23GovernanceTrilliumCease Political ContributionsAgainst6.00%
5/11/23GovernanceNational Legal and Policy CenterReport on Government Content Takedown RequestsAgainst2.60%
5/12/22GovernanceAssoc. of BellTel RetireesShareholder Ratification of Executive Severance PackagesAgainst44.06%
5/12/22GovernanceThomas SteedAmend Senior Executive Compensation Clawback PolicyAgainst37.00%
5/12/22SocialNational Legal and Policy CenterReport on Charitable ContributionsAgainst5.68%
5/12/22SocialSteven MilloyReport on Operations in Communist ChinaAgainst4.50%
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