Cincinnati Bell 2006 Annual Report Download - page 60
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(e) The table below shows the components of the “All Other Compensation” column.
Name
401(k) Match
($)
Flexible Perquisite
Program Reimbursements
($) (1)
Severance
Payment
($) (2)
Total “All Other
Compensation”
($)
John F. Cassidy ................... 8,400 29,059 — 37,459
Brian A. Ross .................... 8,400 23,000 — 31,400
Rodney D. Dir .................... 8,400 16,989 — 25,389
Michael W. Callaghan .............. 8,494 23,000 819,682 851,176
Christopher J. Wilson .............. 7,233 12,915 — 20,148
(1) For more detail about the Company’s Flexible Perquisite Reimbursement Program see the discussion in the Compensation
Disclosure and Analysis beginning on page 37. In 2006, the following program benefits were utilized by the executives:
Mr. Cassidy — automobile allowance election, legal/financial planning fees and club dues; Mr. Ross — automobile allowance,
club dues, life insurance, monthly home security system and legal/financial planning fees; Mr. Dir — automobile allowance, club
dues and legal/financial planning fees; Mr. Callaghan — automobile allowance, club dues and legal/financial planning fees; and
Mr. Wilson — automobile allowance, club dues, life insurance premiums and legal/financial planning fees. None of the executives
received in excess of $25,000 for any individual type of perquisite available under the Flexible Perquisite Reimbursement Program.
(2) Mr. Callaghan’s severance payment was pursuant to his employment agreement which provided for a payment equal to two times
the sum of his current base salary plus target bonus in effect on his last day of employment. The severance payment also includes
an amount equal to the present value of an additional two years of participation in the Company’s pension plan as though his base
salary and target bonus had remained unchanged.
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