Verizon (VZ) CEO Ivan Seidenberg got a 25% raise last year for total pay of $26.5 million.
The raise came largely in the form of stocks. The New York-based phone shop gave Seidenberg $19.2 million worth of stock awards last year. Seidenberg’s $2.1 million salary, however, remained the same as it was in 2006.
Verizon shares rose 48% last year.