shareholders reject proposal
By Associated Press
Rocky Mountain News
Wednesday, May 24, 2006
Qwest Communications International Inc. shareholders
rejected a proposal Wednesday to require directors to win
election by a majority rather than a plurality, but CEO
Richard Notebaert said the board would consider the
proposal. Three other proposals on corporate governance and
executive compensation were rejected at the company’s annual
shareholders meeting, but the proposal on director elections
won the most support, 45 percent.
The meeting came two weeks after revelations that Qwest had
refused a request by the National Security Agency to turn
over phone records of its customers. One speaker at the
meeting commended Notebaert for the company’s decision.
Notebaert said after the meeting that he could not comment
on the matter.
Denver-based Qwest, the No. 4 U.S. local phone company,
serves customers in 14 mostly Western states.