Feb 11 (Reuters) - Verizon Communications Inc said it raised Chief Executive Lowell McAdam’s base salary by about 7 percent and his long-term bonus to 750 percent of his base salary from 625 percent.
McAdam’s total compensation for 2012 was $14 million, with a base salary of $1.4 million, according to a regulatory filing in March.
The company also approved salary raises for Chief Financial Officer Francis Shammo and Verizon Wireless head Daniel Mead on Tuesday.
Shammo’s total compensation for 2012 was $5.2 million while Mead’s was $6.4 million.
The base salary adjustments take effect from March 2.