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Via footnoted.org:
But two recent filings met the test and one’s particularly poignant because it comes from Qwest Communications (Q) a former “winner” of the worst footnote of the year. On Friday, Qwest filed this 8-K to announce the elimination of flexible bonuses — up to $75K a year for CEO Ed Mueller — and $50K a year for other top executives. That wasn’t the only example, though. CA (CA), another company that should be familiar to footnoted readers, filed this amended proxy that said that the company was getting rid of its tax gross-up for CEO John Swainson personal use of corporate aircraft. Last year, that perk was worth over $80K. When companies like Qwest and CA start to change their tune in terms of perks, other companies really ought to start paying attention.
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