Qwest CEO saw 2009 compensation rise as net profit fell
By Andy Vuong
March 18, 2010
Even though Qwest posted a 39 percent drop in net profit and a 9 percent drop in revenue in 2009, chief executive Ed Mueller enjoyed a 6 percent bump in pay for the year.
received total compensation of $12.1 million, including a base
salary of $1.25 million and a cash bonus of nearly $2.5 million,
according to the
He was paid $11.4 million in 2008, with a base salary of $1.2 million and bonus of $2.25 million.
Mueller's 2009 compensation included $7.6 million in stock awards. Other compensation included personal use of the corporate jet valued at roughly $249,000. Qwest also covers maintenance costs associated with Mueller's home-security system.
Teresa Taylor, appointed as chief operating officer last August, was the next- highest-paid executive, receiving total compensation of $5.6 million.
Chief administrative officer Rich Baer received $4.5 million; chief financial officer Joe Euteneuer, $4.3 million; and executive vice president Dan Yost, $2.9 million.
Qwest stock closed Wednesday at $5, the first time it's hit that mark since 2008.