Verizon Communications, Inc., Fiscal Year 2010

Verizon Communications, Inc. (NYSE -- "VZ") has two business segments Domestic Wireless (operated as Verizon Wireless) and Wireline. These business segments are operated and managed as strategic business units and organized by products and services. The company uses the so-called "Anglo-American model" or "the unitary system" (Mallin, 2011) which employs a single-tiered Board of Directors which is comprised of a mixture of executives from the company and non-executive directors, who are all elected by shareholders (Bowen, 2008). Verizon has fourteen board members, including the current CEO. Each business segment is operated separately, but the cash flow and dividend information that is described in the 2010 annual report is not split out by business unit. Thus the results presented below are for the Verizon Wireless and Wireline segments.

The cash and cash equivalents at December 31, 2010 totaled $6.7 bil-lion, a $4.7 billion increase compared...
[ View Full Essay]