Infuriating

So while the gloom of layoffs settled over the IT groups at VIS for the better part of a year, Chuck Lee, the former GTE CEO who sold us out to Bell Atlantic, is still picking up the perks: bq. Verizon Communication’s former chairman and co-CEO, Charles Lee, became a consultant” for the firm when he retired last year. In addition to the standard goodies, like office space, a staff, and use of an aircraft, he’s receiving a consulting fee of $250,000 per month. (That’s not a typo.) You’d think after getting paid $4 to $5 million in salary plus bonus over the past few years, and $27 million in options in 2002 alone, he’d have enough to retire on. Guess not. So I may lose my job, but heaven forbid that Chuck Lee not get to ride around in the corporate jet while he consults” on where the company can make cuts…



Date
September 11, 2003