COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:
Verizon Communications Inc
Parent Company: Verizon Communications
Award Date: Aug 10, 2020
Award Type: loan
Loan or Loan Guarantee Amount: $5,803,199
Awarding Agency: Federal Reserve
Program Name: Secondary Market Corporate Credit Facility
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Ownership Structure: publicly traded (ticker symbol VZ)
Headquartered in: New York
Parent Sector: telecommunications
Parent Industry: telecommunications
Employees (prior to pandemic): 135,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $51,161,229
Contracting icon
Government-contracting-related Penalties: $95,625,410
Environment icon
Environmental / Healthcare / Safety Penalties: $241,746
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $953,766,659
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 151 to 1
CEO Compensation: $18,111,823
Worker Median Pay: $172,971
Tax icon
Total Federal, State, and Local Subsidies: $100,327,516
Federal Corporate Income Tax Rate: 11.8%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources