Profits & Losses: March 2008 Archives

It pays to be the CEO of a major telecommunications carrier. AP reports that  Ivan Seidenberg, CEO Verizon of received $20.3 million in compensation in 2007, up slightly from $20.2 million the year before, according to record filings.

Seidenberg’s bonus was $4.2 million, down $52,500 from 2006. His stock award was about the same as in 2006, about $13.1 million, and his salary remained $2.1 million. His compensation in 2007 included perks worth $825,312, including $149,023 in personal use of a company aircraft, and $431,395 in contributions to a deferred-savings plan.

We assume perks may have included any choice of handsets without a contract as well as unlimited voice and data, but when you make that much money we wonder if you even care…

Clearwire Corporationy reported financial and operating results for the fourth quarter and year ended December 31, 2007. Clearwire reported a 48% increase in revenue, as well as a $83.1 million loss, during the fourth quarter, making analysts suspect a deal with Sprint.

During Q4, 2007 Clearwire added 47,000 subscribers, bringing its total subscriber base to 394,000.