Ivan Seidenberg Net Worth is$55 Million
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Date of Birth: Dec 10, 1946
Nicknames: Ivan Seidenberg
Country: United States of America
Ivan Seidenberg is an American businessman he has a net worth of $55 million. Ivan Seidenberg has earned his net worth as former Chairman and CEO of Verizon Communication. Seidenberg is the current Chairman of the Business Roundtable, on August 1, 2011 Verizon's current President and COO succeeded Seidenberg as CEO. He was born on December 10, 1946, and started his business career in an entry level position at NYNEX and quickly became the CEO in 1994. He was wounded in the Vietnam War and later earned a bachelor's degree in mathematics from the City University of New York, and an MBA from Pace University. Seidenberg showed his generous by donating $15 million dollars to Pace University, in 2006. The University renamed the Pace's School of computer Science and Information Systems to the Ivan G. Seidenberg in honor of his donation. Seidenberg was appointed to the National Security Telecommunications Advisory Committee, in 2007 by President George W. Bush. The purpose of the committee is to keeps the President informed on communications issues related to national security, emergency preparedness and the protection of critical infrastructure. Seidenberg is a member of the President's Council of the New York Academy of Sciences. He also a member on the board of directors/trustees of the following: The Paley Center for Media, The New York Hall of Science, Pace University, The New York-Presbyterian Hospital and the Verizon Foundation. Ivan Seidenberg stated as reported in the WSJ: "Verizon CEO No Bailout for Me, Thanks," Seidenberg clearly stated that Verizon doing just fine and would not take any TARP money. There were many rumors and allegations that reported just the opposite, however it seems that The Federal Reserve Bank bought $1.5 billion of Verizon's short term (90 days) commercial paper, funds for the purchase did not come from the TARP program.
Ivan Seidenberg (born December 10, 1946) was the Chairman and CEO of Verizon Communications. He is also the current Chairman of the Business Roundtable. Effective Aug. 1 2011, Lowell McAdam, fomer President and COO of Verizon Communications, succeeded Seidenberg as CEO. Seidenberg continues to serve as chairman to facilitate the transition.
Seidenberg rose through the ranks from an entry level out of high school becoming CEO of NYNEX in 1994. He oversaw the mergers as it became Bell Atlantic in 1997 followed by the merger with GTE in 2000 to form Verizon. He stepped down as CEO in 2011 but maintains the chairman position.
Seidenberg began his career in telecommunications as a lineman's assistant straight from high school. He was wounded in Vietnam, and subsequently earned a bachelor's degree in mathematics from the City University of New York and an MBA from Pace University.
Seidenberg started his career as a cable splicer's assistant at New York Telephone, eventually becoming head of NYNEX in 1994. He took a senior position in Bell Atlantic after that company merged with NYNEX. When Bell Atlantic became Verizon, Seidenberg was sole CEO of the company.
In 2006, Seidenberg donated $15 million to Pace University. Pace's School of Computer Science and Information Systems was officially renamed the Ivan G. Seidenberg School of Computer Science and Information Systems.
In 2007, President George W. Bush named Seidenberg to the National Security Telecommunications Advisory Committee, which advises the president on communications issues related to national security, emergency preparedness and the protection of critical infrastructure.
Seidenberg is chairman of the Business Roundtable. He also serves on the board of directors/trustees of The Paley Center for Media, The New York Hall of Science, Pace University, The New York-Presbyterian Hospital and the Verizon Foundation. He is also a member of the President's Council of the New York Academy of Sciences.<

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Ivan Seidenberg Latest News

Verizon CEO Lowell McAdam to Become Chaiman

Current Verizon chief executive officer Lowell McAdam will take on a new role as Chairman of the Board in January as recently retired CEO Ivan Seidenberg will step down as a director, the company announced Thursday. McAdam, 56 years old, took the top job ...
Posted: December 1, 2011, 9:34 pm

Why Leaders Should Focus on Long-term Growth

And 3G withdrew its offer. Securing Buy-in for Longer-term Visions Knowledge@Wharton: You write about Verizon’s [former chairman] Ivan Seidenberg, as well as 3M’s CEO, Sir George Buckley, and Maggie Wilderotter, who is a director at Hewlett-Packard ...
Posted: May 8, 2018, 11:05 am

Afiniti founder Zia Chishti on his third billion-dollar company

former Verizon chairman and CEO Ivan Seidenberg and former CEO of Foxtel Richard Freudenstein. We meet to talk about Afiniti and Chishti's unusual career path at Aqua Dining, the restaurant perched above North Sydney Olympic Pool at a table looking towards ...
Posted: May 17, 2018, 6:44 pm
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