Qwest chief executive Ed Mueller received an 11 percent increase in pay in 2010, the same year the Denver-based company shed nearly 1,800 jobs.
Mueller, who negotiated the pending sale of Qwest to Monroe, La.-based CenturyLink, was paid nearly $13.5 million, up from $12.1 million in 2009, according to a regulatory filing.
His compensation included a base salary of $1.2 million, a cash bonus of $4 million and the use of the corporate aircraft valued at nearly $300,000.
Mueller’s contract allows him to use the corporate jet “for all business and personal travel and allows his family members to travel with him.”
Qwest chief operating officer Teresa Taylor’s compensation nearly doubled last year, from $5.6 million to $10.7 million. Taylor’s compensation included base salary of $660,000, a cash bonus of $1.5 million and early severance pay of nearly $5 million.
Compensation for other top executives were: Roughly $5 million for Qwest’s chief administrative officer Rich Baer, $4.7 million for chief financial officer Joe Euteneuer and $3.1 million for executive vice president Dan Yost.
None of those five executives will be joining the combined company.
Qwest cut six percent of its workforce in 2010, ending the year with 28,343 employees.
CenturyLink plans to close the merger and take over Qwest’s operations April 1. The combined company will be called CenturyLink and based in Monroe.
Andy Vuong: 303-954-1209, avuong@denverpost.com or
