The Human Resources Committee has reviewed and discussed
the Compensation Discussion and Analysis with management.
Based on such review and discussions, the Committee
recommended to the Board of Directors, and the Board
has approved, the inclusion of the Compensation Discussion
and Analysis in this Proxy Statement and the Company’s
Annual Report on Form 10-K.
Human Resources Committee
Walter V. Shipley, Chairperson
Richard L. Carrión
Robert W. Lane
Clarence Otis, Jr.
John R. Stafford
Dated: March 1, 2007
Compensation Committee Interlocks and Insider Participation
Mr. Neubauer, Chairman and Chief Executive Officer
of ARAMARK Holdings Corporation, is a Director of
Verizon and serves on the Human Resources Committee
of Verizon’s Board of Directors. During 2006,
Mr. Neubauer was Chairman and Chief Executive Officer
of ARAMARK Corporation and Mr. Babbio, who was Vice
Chairman and President of Verizon through December
31, 2006, served on the Board of ARAMARK but did not
serve on its compensation committee.
* This is an interactive electronic version of Verizon’s 2006
Annual Report to Shareholders, and it is intended to be complete and
accurate. The contents of this version are qualified in their entirety
by reference to the printed version. A reproduction of the printed version
is available in PDF format on this website.