After being forced into retirement by Nortel, Bill Owens seems as busy as ever. He has joined U.S. private equity firm AEA Holdings and leading their expansion into China and India. Owens is clearly bullish about India given his willingness to have Nortel take on a money-losing wireless contract with BSNL.Owens will move to Hong Kong to supervise AEA’s investments in China, India and Southeast Asia. The fact he’s so active and doing so well makes you wonder why Nortel had to give Owens such a lucrative going away package but, then again, Nortel has shown tremendous generosity towards is departing executives in the past couple of years even as it battles through accounting woes. Update: Owens has also been appointed a director with Wipro Technologies.
Bill Owens’ New Gig
After being forced into retirement by Nortel, Bill Owens seems as busy as ever. He has joined U.S. private equity firm AEA Holdings and leading their expansion into China and India. Owens is clearly bullish about India given his willingness to have Nortel take on a money-losing wireless contract with BSNL.Owens will move to Hong Kong to supervise AEA’s investments in China, India and Southeast Asia. The fact he’s so active and doing so well makes you wonder why Nortel had to give Owens such a lucrative going away package but, then again, Nortel has shown tremendous generosity towards is departing executives in the past couple of years even as it battles through accounting woes.
Update: Owens has also been appointed a director with Wipro Technologies.