Tuesday, April 5, 2011

Unreal World


Company: Qwest Communication International (NYSE: Q - News)
Perk recipient: Edward Mueller
Executives are often given the right to use the company jet for pleasure travel, but their spouses, children and friends are usually only allowed to use the plane when they're accompanying the employee. But Edward Mueller demanded an exception to that rule when he became CEO of Denver-based Qwest in 2007.
His employment agreement gave his wife and daughter the right to use the company jet to commute to and from California, where his daughter was still in high school. The phone company expensed $281,182 that year for Mueller family joy rides on the jet and ended up buying his California home for a $1.8 million premium to its resale price, too

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