Qwest filing shows new CFO's pay, bonus
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.