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Verizon Communications Inc.

Verizon Communications Inc. Brief History of Verizon Communications Inc. Formed by a merger between Bell Atlantic and GTE on July 27 th , 1998 One of the largest American broadband and telecommunications companies

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Verizon Communications Inc.

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  1. Verizon Communications Inc.

  2. Brief History of Verizon Communications Inc. • Formed by a merger between Bell Atlantic and GTE on July 27th, 1998 • One of the largest American broadband and telecommunications companies • Verizon Communications corporate governance quotient as of February 2nd, 2009 is better than 64.5% of S&P 500 companies, and 95.8% of telecommunications service companies. • IBM is better than only 28.8% of S&P 500

  3. Empowering Employees • Provided more than $112 million in tuition assistance for more than 29,000 employees • $27.7 million on the college education of children of employees • Boosted participation in preventative health services • Expanded online services (HealthZone) for employees to manage health • Nearly $4 billion spent annually on health care • 4% of 2007 revenue • 900,000 Verizon employees, retirees, and dependents

  4. Verizon vs. IBM • Environmental Impact • Community Partnership and Growth A comparison on social responsibility

  5. Environmental Impact and Responsibility: Verizon • Habitat Restoration Project at the Verizon Center Campus in Basking Ridge New Jersey earned Governor’s Environmental Excellence Award for Healthy Ecosystems in 2007 • Inducted into the U.S. Environmental Protection Agency’s WasteWise Hall of Fame in 2007 in recognition of our waste-prevention and recycling programs • eTree program

  6. Environmental Impact and Responsibility: Verizon • A 2007 study by the American Consumer Institute found that widespread use of broadband services by consumers and businesses could reduce CO2 gas emissions by nearly 1 billion tons over the next 10 years. Carbon Intensity (metric tons of CO2 emitted per million dollars of revenue) • total energy conservation, waste prevention and recycling efforts have reduced greenhouse-gas emissions by 332,295 metric tons per year • purchased 100 hybrid sedans in 2007 to add to its fleet in 2008. Another 100 are expected to be purchased in 2009. U.S. Average Verizon

  7. Environmental Impact: IBM • Net energy use and CO2 emissions increased 5% from 2006 to 2007 • Still extracting solvents from past contaminations at 7 currently operating sites, and 11 former sites in 3 different countries. • still potentially liable for “only” 17 sites. • The Press & Sun-Bulletin reported on the findings of a new study that kidney cancers, testicular cancers, and birth defects are elevated in Endicott, NY.

  8. Community Partnership and Growth • Thinkfinity.org • In 2007 Verizon launched a three-year, $31 million commitment to make it the most useful and trusted source for educational resources on the Internet. • Hopeline • Distributed more than 60,000 phones with more than 160 million minutes of free wireless service to be used by victims of domestic violence • E-Rate • discounts ranging from 20% to 90% of the cost of funded services. For eligible schools and libraries. • 411 Assistance/Alternative Media Formats

  9. Community Partnership and Growth • Diversity Inc. magazine ranked Verizon Communications No. 1 in its Top 50 Companies for Diversity in 2008 • IBM ranked No. 9 • Hispanic Business magazine ranked Verizon No. 9 in its Diversity Elite 60 in 2008 • IBM did not rank. • Spending rose 20% to $3.1 billion with diverse suppliers. • IBM - $2.4 billion. • Women hold 36% of Verizon’s managerial positions • IBM - 29%

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