ST. LOUIS–(KMOX)–Some 40 state workers — on their break — took to the sidewalks outside the Midtown State office building to protest the $23 million salary of Verizon Communications CEO Lowell McAdam.
Protest organizer Richard von Glahn with the Communication Workers of America says the issue is Verizon paid no federal income taxes in 2008 and 2010.
“Because Verizon doesn’t pay it’s taxes, and the public sector is obviously funded by taxes, and when we see these large, wealthy companies refusing to pay their fair share, we want to point out that it’s not just unfair in terms of what he’s getting, it has real negative consequences to the community,” von Glahn said.
Verizon spokesman Rich Young says the protestors are spreading “several inaccuracies” and engaging in “funky math.”
“Verizon paid over $7 billion in federal income taxes in the past five years — $2 and a half billion in 2010 alone,” Young said.
Young says the salary of CEO McAdam is “undetermined,” including a base pay of $1.5 million plus bonuses based on calculations “that would take all day to explain.”
The local protest coincided with a larger demonstration outside Verizon’s shareholders meeting in Huntsville, Alabama. Protestors say it’s unfair that Verizon added a new $30 upgrade fee for customers switching to a new phone.
The CWA claims many of the company’s workers have been without a contract for almost a year. The union claims the company wants to eliminate pensions, force workers to pay thousands of dollars more for health coverage and trim back sick days.