| Business Summary | | Verizon
Communications
Inc.
provides
communications
services.
The
Company
has
four
reportable
segments,
which
it
operates
and
manages
as
strategic
business
units
and
organizes
by
products
and
services.
Domestic
wireline
communications
services
principally
represent
the
Company's
16
operating
telephone
subsidiaries
that
provide
local
telephone
services
in
over
30
states.
Domestic
wireless
products
and
services
include
cellular,
Personal
Communications
Services,
paging
services
and
equipment
sales.
The
Company's
International
segment
includes
international
wireline
and
wireless
communications
operations,
investments
and
management
contracts
in
the
Americas,
Europe,
Asia
and
the
Pacific.
Through
its
Information
Services
segment,
the
Company
provides
print
and
online
directory
publishing
and
content
for
communications
products
and
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Verizon,
formed
by
the
merger
of
Bell
Atlantic
and
GTE,
is
one
of
the
world's
leading
providers
of
high-growth
communication
services.
For
the
six
months
ended
6/30/01,
operating
revenues
rose
6%
to
$33.18
billion.
Net
income
before
extraordinary
items,
acc't
change
and
applicable
to
Common
fell
89%
to
$733
million.
Results
reflect
strong
demand
for
data
transport
and
long
distance
services,
offset
by
the
write-down
charges
for
investments,
merger
transactions
and
market
adjustment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Charles Lee, 61 Chairman,
Co-CEO | $15.1M | $1.6M | Ivan Seidenberg, 54 Pres,
Co-CEO | 15.7M | -- | Frederic Salerno, 57 Vice
Chairman, CFO | 9.0M | -- | Lawrence Babbio, Jr., 56 Pres
and Vice Chairman, Telecom | 9.6M | 7.4M | Dennis Strigl, 54 Exec.
VP and Pres - Domestic Wireless | 9.0M | 98K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|