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Verizon Shareholder Meeting Report

The Verizon Shareholder meeting has just concluded in Little Rock, Arkansas.  The 3 Management Proposals were voted in by the proxies and all 7 Shareholder Proposals were defeated.

Several items of interest during the meeting:

  • Verizon has approximately 220,000 employees world-wide
  • CEO Ivan Seidenberg, when asked about potential future sales of wire-line businesses in other states, responded that there are NO plans to sell off any other properties.  Verizon will have a major presence in the 12 states where they will remain.

Hopefully, the last statement will ease the minds of many of our members in Florida about the possibility of Frontier (or some other company for that matter) to purchase the Florda Region.