The Association of U S West Retirees



Qwest filing shows new CFO's pay, bonus
Denver Post
Thursday, March 8, 2007

Denver  -  John Richardson, who will replace Oren Shaffer as Qwest's chief financial officer April 1, will receive an annual salary of $525,000 and a bonus with a target of 150 percent of his annual salary, according to a regulatory filing Wednesday.

Richardson will also receive 257,000 stock options and restricted stock valued at $977,500.  If he is fired without cause, Richardson would be paid one-and-a-half times his annual salary, payable over 18 months, and a lump-sum payment of the same amount after the 18-month period.