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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.