Verizon Communications (NYSE: VZ) chief executive Ivan Seidenberg received $20.3 million in 2007, which is up from $20.2 million from the year before, according to a regulatory filing made with the SEC. The executive's base salary was $2.1 million with a bonus of $4.2 million and stock award of $13.1 million. Meanwhile, the company's stock rose 17.3 percent in 2007 as the street started to get over skepticism about a plan to make fiberoptic connections to connect its customers.

Seidenberg also received perks worth $825,312, including $149,023 in personal use of the company aircraft, and $431,395 in contributions to a deferred savings plan. Interestingly, Verizon is also one of the few companies that opted to give shareholders a non-binding vote on executive comensation. Next year, shareholders will be able to cast their vote on whether or not the 2008 compensation package is reasonable. Last year, shareholders voted by a slim margin to adopt such provisions intially suggested by The Association of BellTel Retirees. In the end, the company seems to be on track with its executive compensation.

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