"It's distasteful to pay out very high reward levels when your shareholders are losing money, " explains Laurie Siegel, who spearheaded such limits as head of theboardcompensationcommittee at CenturyLink Inc.
He is chairman of the board's management development and compensationcommittee and also sits on the board's corporate governance committee and its finance committee, which oversees policies for managing credit and risk exposure at the firm.