Verizon Wireless recently implemented a $30 upgrade fee on all cellphones. Across Verizon's vast subscriber base, this adds up to a significant windfall for the company. Where are these millions of dollars going?
You guessed it: Into the pockets of Verizon Communications executives like CEO Lowell McAdam. His compensation recently tripled from $7.2 million to $23.1 million per year. Meanwhile, Verizon Wireless has raised health care costs for its workers by thousands of dollars, and has slashed benefit levels even as its costs dropped dramatically.
Verizon could provide good middle-class jobs and make a profit without charging customers extra for upgrades. Speak out against the $30 per upgrade Verizon Wireless is using to make the 1% even richer.
What do you think of the $30 upgrade fee?
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