Net Neutrality pt.2

[Lissa]

Someone needs to launch a lawsuit against Ajit Pai on the grounds of conflict of interest. One of the companies that stands to benefit from the repeal of Net Neutrality is Verizon. Pai used to work for Verizon and was there long enough to become vested. What does this mean, he has the Verizon 401k and one of the things that Verizon requires all members of their 401k (as I am a formed Verizon employee and still have my Verizon 401k) have to own the publicly traded Verizon stock as well as the Verizon preferred stock (only available certain people). The vote for Net Neutrality caused the price of the Verizon publicly traded stock and preferred stock to go up in price, thus enriching him (in fact, over the two months prior to the vote, Verizon's public stock increased in value by $1.50 a share and was initially trading for the mid $13 range and after the vote was just over $15 a share). His voting for Net Neutrally definitely is a conflict of interest as his repeal vote enriched himself.