If you want to why your Verizon Wireless bill is so expensive, you can blame greed reports a news release from VeriGreedy, representing the Communication Workers of America.
The group protested at Verizon's shareholders’ meeting in Huntsville. The group wants the communications giant to stop its assault on employees, customers, and American taxpayers. They are blaming the stall in union negotiations and jobs sent overseas on corporate greed.
Public pressure has had effects on large companies. The outrage and protests over Apple's iPhone/iPad factories in China have improved conditioned. The CWA is hoping that showing Verizon's policies as part of corporate greed, that they will get results.
The group claims that Verizon is
- Shipping jobs overseas.
- Verizon’s CEO makes $23 million per year. That’s over 600 times more than an average frontline worker makes
- The company’s greed is directly hitting consumers, workers, and taxpayers.
- Verizon customers now must pay a $30 fee for simply upgrading to a new phone, a charge that will bring Verizon another $1 billion a year.
- Dodges taxes and has sent thousands of American jobs overseas.
- Sdn’t pay a dime in federal corporate income taxes from 2008 to 2010. Over the past five years, Verizon’s tax rate has been just 8.5 percent.
- Workers represented by CWA have been bargaining for a fair contract for nearly a year, pushing back against the company’s demands to gut retirement security, health care, and other benefits for employees, retirees, and workers who get hurt on the job.
- Verizon, the 16th largest corporation in America, made $22.5 billion in profits over the past four years while paying its top five executives $283 million. It recently gave CEO Lowell McAdam a big increase in compensation to $23.1 million a year.
- The company still wants to eliminate pensions, force workers to pay thousands of dollars more for health care, slash sick time and eliminate job security.
To group suggests that to protest, can call Verizon Wireless, Tweet about your concerns and protest at stores.