Comments on: Mike Z.’s Sweet Compensation Package

By: BOB

BOB — Thu, 03 Apr 2008 15:18:19 +0000

I have not seen a increase in pay for more than 10 years, my health care cost has increased by 250% I’m filling for bankruptcy, I am being told I make to much money, yet they could get a pay increase amounting to more than I could make in a life time. There’s something wrong with that. If mike cannot see what is happening then it is being done on purpose.

By: Anonymous

Anonymous — Wed, 28 Jun 2006 02:43:15 +0000

To the point made by USAtalks:
2) mgmg doesn’t strip employee pension plans
It happened:
http://nortel.wordpress.com/2006/06/27/nortel-cutting-1100-jobs/

And just think, the money they save each year by taking away the pension plan equals the ‘firing or quiting’ bonus that the last few exec’s have received.

By: USAtalks

USAtalks — Tue, 04 Apr 2006 02:34:52 +0000

MikeZ’s salary and the $11.5M the BOD paid Motorola will be worth it if:

1) Mike turns Nortel around
2) mgmt doesn’t strip employee pension plans and health benefits for the sake of their bonuses
3) employees get a decent raise and a lump sum bonus in 2006 and beyond
4) mgmt simplifies both internal and external processes so employees do value added work not just justify other’s positions by a steam of repetitive, valueless paperwork.

If Mike Z can’t accomplish these things then blame the BODs who knew the price tag going into the deal….not Mike Z.

By: Kevin

Kevin — Fri, 24 Mar 2006 22:08:13 +0000

Think of Mike Z. as a solution that has its price. When he does turn Nortel around (just a matter of time), I am confident that he will not forget what is at the crux of his platform’s success; his team, the employees of Nortel. Give him a chance before you scream foul play on his pay and incentive package. I know I am.
Sincerely yours,
An investor of believes in Nortel’s employees.

By: Baffled Employee

Baffled Employee — Sat, 25 Feb 2006 01:56:19 +0000

Oh yeah, you forgot to mention the $11.5 million dollar penalty Nortel paid to Motorola!!

By: Baffled Employee

Baffled Employee — Sat, 25 Feb 2006 01:54:23 +0000

And have you asked what the employee’s get? Another year of nothing !!