If you were at all curious about Mike Zafirovski decided to become Nortel's CEO, he came clean yesterday after a speech at a conference in North Carolina. "I would go with a small company and grow it, or I could go to a tarnished icon and rebuilt it," he said. "Obviously, Nortel fits into the second category." Of course, it doesn't hurt that Nortel was willing to give Mike Z. a very lucrative compensation package, complete with a nice salary, stock options and a $500,000 a year retirement package. Then, there's the profile of working for a world-class company such as Nortel versus a small, upstart battling for business. For more, click here.
Why Mike Z. Took the Job
If you were at all curious about Mike Zafirovski decided to become Nortel's CEO, he came clean yesterday after a speech at a conference in North Carolina. "I would go with a small company and grow it, or I could go to a tarnished icon and rebuilt it," he said. "Obviously, Nortel fits into the second category." Of course, it doesn't hurt that Nortel was willing to give Mike Z. a very lucrative compensation package, complete with a nice salary, stock options and a $500,000 a year retirement package. Then, there's the profile of working for a world-class company such as Nortel versus a small, upstart battling for business. For more, click here.