Tuesday, June 23, 2009
Nortel executive retention plans
There is a brief commentary on the National Post blogs by Kelly McParland, writing about executive compensation at Nortel through all of its angst.The article is worth a read.
Since Nortel began it's disastrous fall from grace nine years ago, its CEOs have either retired wealthy, faced criminal charges or disappeared into the woodwork. None has managed to reverse the slide. Yet despite their uninterrupted record of miserable failure, they they all seem to get paid, and retain their unshakeable belief that people like themselves are essential, while everyone else is expandable.And what about the board of directors, who acted on behalf of shareholders? Mark Evans and James Bagnall have more.
In the interests of disclosure, I had a Nortel pension coming to me - I was supposed to begin to receive $25 per month in September, 2017. And that was 25 real American dollars!
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Posted by Mark Goldberg @ 6/23/2009 06:52:00 AM 
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