12/28/2010 10:12 am ET Updated May 25, 2011

Qwest Gives Top Execs Millions In Tax Breaks

Four days before Christmas, Qwest gift-wrapped millions of dollars in tax breaks for top executives in a move that included a special waiver from the company's board of directors to avoid a shareholder vote.

The Denver-based telecommunications company, which is merging with CenturyLink, accelerated into this year the vesting of restricted stock awards and payments of cash severance.

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