NEW YORK, June 28, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP is investigating Dex One Corporation ("Dex One" or the "Company") and its Board of Directors, in connection with the Company's 2009 and 2010 compensation for its CEO and other executives. If you owned shares during this time period, you may be affected.
To get more information, click here: http://zlk.9nl.com/dex.
At the Company's annual shareholder meeting held May 3, 2011, shareholders voted "no" on Dex One's say on pay provision. The investigation concerns whether certain senior officers and executives of Dex One were awarded salaries, bonuses, and/or other forms of compensation that were excessive or unwarranted based on Dex One's performance.
Specifically, Dex One's CFO total compensation rose from roughly $920,000 in 2009 to $3.661 million in 2010, while General Counsel's pay rose from $635,000 to $1.578 million. Executive pay was increased despite the Company's substantial Net Loss of $6.43 billion in 2009.
To speak directly to an attorney please contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/dex-one-dexo.html.
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