Encyclopedia Publisher Says Journal's Research was Invalid,
Demands Retraction

CHICAGO, Encyclopaedia Britannica, Inc. said
today that a recent study on the accuracy of online encyclopedias by the
science journal Nature was "so error-laden that it was completely without
merit " and called on the journal to retract the study. was wrong and misleading.
-- Failing to check facts.

Taken together, Britannica said, these and many other errors by Nature
invalidated the results of the study.3 million customers nationwide; one of the most expansive
wholly-owned global IP networks; and one of the nation's premier wireline
networks, serving home, business and wholesale customers.M. Panelists include members of Congress, public leaders, the
California Environmental Protection Agency and many others.

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com ), Britannica said that "almost
everything about the journal 's investigation ."
The lecture series has continually stressed IT's substantial potential for
achieving more effective communication of values and expectations, promoting
greater transparency and accountability, as well as facilitating ethics
training and oversight.
Also joining the panel will be Lip Bu Tan, Chairman and founder of Walden
International and Stephen Roach, Chief Economist and Director of Global
Economic Analysis for Morgan Stanley.
The plenary sessions will conclude with a talk given by Steven Levitt,
Professor of Economics at the University of Chicago and author of
Freakonomics.

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"The thing for Nature to do now is to issue a full, public retraction of
the study and the article in which it was reported," said Hoiberg. The continuing Verizon Visiting Professorship at Bentley
College promotes the importance of sound and ethical decision-making, policies
and procedures by leadership and employees at all levels of business. She also will meet with
college faculty members to develop ways to blend business ethics into their
curriculum.
Bentley College is a business university renowned for its educational
leadership in information technology. students as future economic policy analysts.

For more information about the SIEPR Economic Summit contact Michelle
Mosman 650-725-1872.

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com . The day-long event will conclude with a
speech given by Martin Feldstein.
On the same stage will be James Poterba, Professor of Economics at MIT and
member of the President's Tax Advisory Panel and Joel Slemrod, Professor of
Economics at the University of Michigan and director of the Office of Tax
Policy Research at the National Bureau of Economic Research.
Eric Schmidt, CEO of Google, will give the luncheon talk. The Economics of Disaster Preparedness,
Nanotechnology, Policy for the Next Chairman of the Federal Reserve and
Meeting California's Ambitious Greenhouse Gas Targets will be discussed by the
experts.

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The company is known for the 32-volume
Encyclopaedia Britannica and its pioneering work in electronic publishing.
Britannica 's editorial operation is overseen by some of the world's most
distinguished scholars, several of them Nobel laureates."
Professor Johnson's lecture, titled, "Corporate Excellence, Ethics and the
Role of IT," will be held Feb.

Economic Heavyweights Gather at Economic Summit

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" The editors of Nature rearranged
and reedited Britannica articles before sending them out to reviewers, said
Britannica.
-- Misrepresenting its findings."
Britannica's full report is available at http://www.com/news. C.

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The Stanford Institute for Economic Policy Research (SIEPR) is an economic
policy research organization and is non-partisan in political orientation.
In the course of their research, SIEPR faculty train, educate, and support
Ph.

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britannica. Capital Corporation, Heidrick
+ Struggles and The Carlyle Group are sponsoring the event. The panel will feature Senator Jeff Bingaman, the
ranking member of the Energy and Natural Resources Committee; James Sweeney,
professor of Management Science and Engineering at Stanford University and a
Senior Fellow at the Stanford Institute for Economic Policy Research and the
Hoover Institution.
SIEPR scholars conduct studies on important economic policy issues in the
United States and other countries.

Please submit links to texts, biographies, and scholarship related to the origins, history, and impact of spiritualism.

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. The lectures explore and analyze
how ethical conduct affects all aspects of a company's operations . For more
information, visit http://www.

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Its products include Britannica Online School Edition and other digital
products; and printed products such as the new Britannica Discovery Library. Johnson , the Anne Shirley Carter Olsson Professor of Applied
Ethics and chair, Department of Science, Technology and Society, at the
University of Virginia, will speak as part of the Verizon Visiting
Professorship in Business Ethics and Information Technology.
"Information technology plays such a critical role in the global economy,
that a corporation's ability to compete in that economy is increasingly
defined by its IT capabilities," said Mike Hoffman, executive director of the
Center for Business Ethics (CBE) at Bentley College.
Topping off the day's events will be a keynote address from Martin
Feldstein, Professor of Economics at Harvard University and President,
National Bureau of Economic Research.D.

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Several
of the "articles" Nature sent its outside reviewers were only sections
of or excerpts from Britannica entries. "Operating in this
extended, multinational and multicultural environment places companies under
greater pressure than ever to manage their ethical responsibilities. John Shoven, tax
expert and entitlement programs expert will moderate the panel on Tax
Reform -- how it would work and why it's needed. Immediately
following there will be a panel on Economic Relations with China moderated by
China expert and deputy director of the Stanford Center for International
Development, Nick Hope.

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But in a 7,000-word,
article-by-article analysis of the Nature study posted today on the company's
Web site ( http://www.
Verizon was the first recipient of the Business Ethics Award from the
Center for Business Ethics and is a sponsoring partner of The Ethics Officer
Association.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases , executive speeches
and biographies, media contacts, high quality video and images, and other
information are available at Verizon's News Center on the World Wide Web at
http://www.

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Even according to Nature 's own figures,
which grossly exaggerated the number of inaccuracies in Britannica,
Wikipedia had a third more inaccuracies than Britannica, yet the
headline of Nature 's report misleadingly implied otherwise. Based in New York,
Verizon has a diverse workforce of approximately 250,000 and generates annual
consolidated operating revenues of approximately $90 billion.com.

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Nature claimed to have found dozens of inaccuracies in the
Encyclopaedia Britannica that didn't exist and reviewed texts that were not
from the encyclopedia, according to Britannica.
"This study has been cited all over the world, and it's invalid," said
Dale Hoiberg, Britannica's editor-in-chief .
"We have never claimed that Britannica is error-free," he added, "but
Nature attributed to us dozens of inaccuracies that simply were not
inaccuracies at all.

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Published in Nature's December 15, 2005, issue, the study claimed to have
found that the science coverage in the Encyclopaedia Britannica was only
slightly more accurate than that in Wikipedia.
Businesses need to be thinking as much about how IT can be instrumental in
promoting ethically sensitive and responsible business cultures and the
positive outcomes that can be generated. SIEPR's goal is to inform and advise policy
makers and the public and to guide their decisions with sound policy analysis.

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"
The errors by Nature cited in Britannica's analysis included:
-- Rearranging, reediting, and excerpting Britannica articles. Presented by Bentley's Center for Business Ethics, the series runs from
Feb 13-17. During
the week, Professor Johnson will visit classrooms and spark discussions with
students about general business ethics topics.Secretary of the Treasury John Snow, Google CEO, Eric Schmidt and President of
the National Association of Economic Research, Martin Feldstein, Come Together
to Discuss Economy in 2006

STANFORD, Calif.
The Honorable George Shultz will moderate the following panel on Energy
and Natural Resources.S. For 25 years SIEPR faculty have worked
on real issues that effect our every day lives; by bringing together the
corporate community along with policymakers and academics we hope to achieve
important insights to the topics we discuss.

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britannica.
The company said it found in Nature's work "flagrant errors so numerous
they completely invalidated the results.
Deborah G.
"Information technology has afforded us -- both businesses and
individuals -- new worlds of opportunities," said Gregory Miles, director of
Verizon's Office of Ethics and Business Conduct.

Verizon Communications Inc. "Our goal is to bring together some of the most
important economic minds of our time.

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By its flawed analysis and false accusations, Nature did us a
great disservice. has been a leader in reference and
education publishing since 1768. Britannica makes its
headquarters in Chicago. Verizon operates America's most reliable wireless
network, serving 51.

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Britannica Rips Nature Magazine on Accuracy Study

"They
should do it immediately and correct the misleading impression they've
created .

Verizon-Sponsored Lecture Series Focuses on Ethics and Information Technology

Bentley College Program Raises Awareness of Principled Leadership

NEW YORK, For the eighth consecutive year, Verizon
will sponsor a lecture series on business ethics at Bentley College, Waltham,
Mass . To receive news releases by e-mail, visit the
News Center and register for customized automatic delivery of Verizon news
releases.

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Nature falsely attributed inaccuracies to
Britannica based on statements from reviewers that were themselves
inaccurate and which Nature's editors failed to verify. 13 and is free and open to the public.
Shoven hopes this event will eventually become the premier economic
conference in the U.

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.
John Shoven, SIEPR director will welcome the audience and giving the
opening remarks will be Secretary of the Treasury John Snow.

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We practice strong scholarship, reasoned judgment, and
continuous editorial review, and we publish a reliable, high-quality
encyclopedia. Hope held numerous positions in Asia with World Bank.

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"
Britannica's analysis took six weeks to complete and involved, in addition
to its editorial staff, many of its outside advisers and contributors."
During the afternoon , four Critical Issue session topics will be debated
and discussed by experts.

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Britannica also said it was rebuffed in its repeated attempts to obtain
from Nature the original data on which the study's conclusions were based. Some were cut and pasted
together from more than one Britannica article. (NYSE: VZ), a Dow 30 company, is a leader in
delivering broadband and other communication innovations to wireline and
wireless customers.

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About Encyclopaedia Britannica
Encyclopaedia Britannica, Inc.
Begun in 1999, the lecture series attracts business leaders, experts in
the academic world, students and the public. "But along with those
advantages comes a new set of responsibilities that we all must be aware of
and adhere to.
Verizon's continued support of the Visiting Professorship in Business
Ethics and Information Technology enables the CBE to engage faculty, students
and the business community in a debate with leading experts, which
simultaneously advances learning and corporate best practices.verizon.verizon., Economists from around the globe
will gather on Friday, March 3, 2006 to review and analyze three of the top
economic issues of the year at the Stanford Institute for Economic Policy
Research (SIEPR) Economic Summit.