AUSWR
The Association of U S West Retirees
 

 

 

Qwest 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.

http://www.rockymountainnews.com/drmn/tech/article/0,2777,DRMN_23910_4723520,00.html