Read time: 2 minutes

99% Spring Disrupts Verizon Shareholder Meeting Six Times

Activists who are a part of the 99 percent Spring attended the Verizon Shareholders meeting on Thursday and disrupted the 1 percent six times as they continued to exploit the company's workers. Crooks and Liars has reported extensively on the

[oldembed src="https://www.youtube.com/embed/ytpY7wwIFPg" width="425" height="300" resize="1" fid="21"]

Activists who are a part of the 99 percent Spring attended the Verizon Shareholders meeting on Thursday and disrupted the 1 percent six times as they continued to exploit the company's workers. Crooks and Liars has reported extensively on the problems with Verizon and its demands for massive concessions from its workers. Activists used great strategy to draw attention to Verizon and its greedy tactics.

You'd be hard-pressed to find a better example of corporate greed than Verizon, a company making billions and tripling its CEO's pay while demanding givebacks from its workers. Today the 99% Spring movement let Verizon know that 99% of us are trying to bring big corporations back under democracy's control. Today’s Verizon shareholder meeting in Huntsville, Alabama was disrupted six separate times by members of the 99% Power coalition, part of the 99% Spring movement.

The Verizon shareholder meeting comes as the company is in negotiations with the Communication Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW). The highly-profitable company -- the 16th largest corporation in America -- is asking its workers for givebacks amounting to as much as $20,000 each, while tripling the compensation of CEO Lowell McAdam from $7.2 million to $23.1 million. The company made $22.5 billion in profits over the past four years while paying its top five executives $283 million over that period. Because of this the company has earned the nickname “Verigreedy."

You'd be hard-pressed to find a better example of corporate greed than Verizon, a company making billions and tripling its CEO's pay while demanding givebacks from its workers. Today the 99% Spring movement let Verizon know that 99% of us are trying to bring big corporations back under democracy's control. Today’s Verizon shareholder meeting in Huntsville, Alabama was disrupted six separate times by members of the 99% Power coalition, part of the 99% Spring movement.

The Verizon shareholder meeting comes as the company is in negotiations with the Communication Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW). The highly-profitable company -- the 16th largest corporation in America -- is asking its workers for givebacks amounting to as much as $20,000 each, while tripling the compensation of CEO Lowell McAdam from $7.2 million to $23.1 million. The company made $22.5 billion in profits over the past four years while paying its top five executives $283 million over that period. Because of this the company has earned the nickname “Verigreedy."

Dave Johnson has much more about the protests at CAF.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team