Communications International CEO Got $3.15 Million Bonus For
Friday, March 31, 2006
WASHINGTON - (Dow Jones) - Qwest Communications
International Inc. said Thursday that Chairman and Chief
Executive Richard C. Notebaert got a $3.15 million bonus for
2005, up from his 2004 bonus of $2.97 million.
The CEO also received a $1.1 million salary for 2005,
unchanged from his salary the year before, according to
Qwest's proxy, filed with the Securiites and Exchange
Additionally, Qwest granted Notebaert 1 million restricted
shares for 2005 versus none for 2004. All 1 million shares
will vest on Dec. 31 this year if Notebaert is still
employed with Qwest by then, the company said.
Qwest also granted Notebaert options for 2 million shares,
compared with options for 1.93 million shares for the year
Notebaert also received $1.1 million in other compensation.
That number accounts for $462,498 in costs for the CEO's
personal use of company aircraft and $437,392 in gross-ups,
or tax reimbursements, among other items, according to the
By Antonie Boessenkool,
Dow Jones Newswires; 202-862-7139;