WASHINGTON AP – The AFL-CIO, a major shareholder in public companies, is targeting Verizon Communications Inc. this year for a shakeup of its board of directors as it accuses the company’s chief executive of collecting exorbitant pay while turning in a poor performance.
The labor federation scored successes last year with agitation at HomeDepot Inc. and Pfizer Inc., whose chief executives departed in a storm of investor anger over executive pay. AFL-CIO officials said Thursday they have chosen Verizon Chief Executive Ivan Seidenberg as their ”poster boy” for 2007.
