Hang up

Verizon is taking $20.2 billion in charges to past earnings as it changes its pension-fund accounting. The change will lead to a $600 million expense in Verizon’s 2010 results.

Viacom pay

Viacom Chairman Sumner Redstone re ceived 2010 compensa tion of $15 million, down from $16.9 million in 2009. CEO Phillippe Dau man was paid $84.5 mil lion, more than double his 2009 pay, an SEC fil ing said.

Condo deal

Stephen Ross’s Related Cos. took title to 232 un sold condo units in Bat tery Park City for $82.8 million after buying a foreclosure bid from lender Anglo Irish Bank Corp. Related was the original developer of the building at 225 Rector Place, in 1986.

Volt boost

GM plans to double the 2012 production capacity for the $41,000 Chevrolet Volt to 120,000 in a effort to boost the plug-in hy brid’s sales.

Pandit pay

Citigroup’s board of di rectors voted to increase CEO Vikram Pandit’s base salary to $1.75 mil lion from $1 a year, the company said in a securi ties filing.