Company Directory - Verizon Business
Company Details - Verizon Business
Verizon Business
WebsiteVerizon Business provides advanced communications and technology solutions for enterprises, including integrated networking, cloud, security, and IoT solutions designed to drive business transformation.
CCI Score
CCI Score: Verizon Business
-49.16
0.03%
Latest Event
Verizon Business Political Engagement Reporting
The archived Political Engagement Report details Verizon Business's PAC contributions, corporate political contributions, support for ballot initiatives, independent expenditures, and memberships in trade associations and issue advocacy organizations. The report is updated twice annually and provides insight into the company's lobbying activities and public policy engagements.
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QUISLING
Verizon Business is currently rated as a Quisling.
Latest Events
- MAR212025
The archived Political Engagement Report details Verizon Business's PAC contributions, corporate political contributions, support for ballot initiatives, independent expenditures, and memberships in trade associations and issue advocacy organizations. The report is updated twice annually and provides insight into the company's lobbying activities and public policy engagements.
-40
Political Contributions and Lobbying Efforts
March 28
The report transparently lists extensive corporate political contributions and lobbying efforts. From an anti-fascist perspective, such significant financial engagement in political activities can translate into undue corporate influence in policymaking, potentially undermining progressive democratic reforms and marginalized communities' interests.
- MAR202024
Verizon is facing shareholder proposals that demand increased transparency regarding the alignment of its political spending with its stated corporate values. The company requested no-action relief from the SEC to exclude a shareholder proposal—filed by As You Sow—that would require the board to report on any incongruences between its political expenditures and its strategic needs. This move has raised concerns about the company's commitment to political accountability and transparency, potentially obscuring risks to its brand and stakeholder trust.
-75
Political Contributions and Lobbying Efforts
March 28
Verizon's attempt to secure no-action relief from the SEC in order to omit a proposal demanding comprehensive disclosure of its political spending suggests an effort to avoid scrutiny of potential misalignments between its operational needs and its strategic values. This lack of transparency in its political contributions raises concerns about corporate accountability and the influence of its spending practices on democratic processes.
Verizon faces vote on political spending incongruence report
- SEP052023
On September 5, 2023, Verizon Business Network Services settled False Claims Act allegations with the U.S. Department of Justice for over $4 million after its Managed Trust Internet Protocol Service failed to meet mandated cybersecurity controls under GSA contracts. The settlement followed an internal investigation and self-disclosure to the GSA.
-40
Business Practices and Ethical Responsibility
March 28
Verizon Business failed to adhere to proper cybersecurity standards on its managed services for federal agencies, resulting in a DOJ settlement. This lapse in ethical business practices and contractual compliance with cybersecurity requirements negatively impacts trust and operational integrity.
Verizon to Pay $4M From Failing To Follow Cybersecurity Standards
- JAN012023
Verizon Business released its 2023 Political Engagement Report detailing extensive corporate political contributions, PAC expenditures, and lobbying activities across multiple levels of government. The report itemizes contributions to candidate committees, trade associations, and issue advocacy groups, reflecting a broad and deep involvement in the policy process.
-70
Political Contributions and Lobbying Efforts
March 28
The report exposes Verizon’s extensive political spending, including PAC contributions and corporate political contributions that span across various political parties and organizations. Such large-scale political engagement raises concerns over disproportionate corporate influence on public policy, which from an anti-fascist perspective can erode democratic accountability and potentially support authoritarian or far-right elements. The transparency of the disclosure does little to mitigate the risks associated with the breadth and depth of these expenditures.
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