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Verizon retirees take aim at CEO Vestberg’s $40 million ‘golden parachute’

·4 min read
Verizon retirees take aim at CEO Vestberg’s $40 million ‘golden parachute’
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Jack Cohen retired from Verizon (VZ) nearly 20 years ago. Cohen, who leads the Association of BellTel Retirees, is fighting the board at this week’s annual stockholder meeting over fat cat pay, including the $40 million ‘golden parachute’ offered to current Chief Executive Hans Vestberg. “The optics are terrible, and as a shareholder I’m frankly embarrassed.”