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NEW YORK (AP) - Ivan Seidenberg, the chief executive of Verizon Communications Inc., received $20.3 million in compensation in 2007, up slightly from $20.2 million the year before, according to a regulatory filing Monday.
Seidenberg's bonus was $4.2 million, down $52,500 from 2006. His stock award was virtually the same as in 2006, about $13.1 million, and his salary remained $2.1 million.
The New York-based telecommunications company's stock rose 17.3 percent in 2007, as Wall Street started to overcome its skepticism about the company's expensive plan to make fiber-optic connections available to most customers in its local-phone service area. However, the stock has lost all those gains and more in 2008, closing at $34.61 Monday, about 7 percent below the 2006 year-end close.
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