Comments on: A CEO Who Shares the Pain

By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts - Leaky Pipes Edition

Fri, 05 Dec 2008 06:58:40 +0000

[...] All About Nortel asks the question, will Mike Zafirovski take a pay cut like the chairman of JAL has the past few years? I am curious to find that one out myself. [...]

By: exnt2

exnt2 — Fri, 05 Dec 2008 03:46:15 +0000

Z is not even worth paying 1 nortel share at 51 cents. he creamed the business in 3 years, something no Nortel CEO has done in over a 100 years.

sounds awful does it not. we can play the same marketing game he does.

By: exnt2

exnt2 — Fri, 05 Dec 2008 03:42:41 +0000

you and all who you can find should offer publicly to put your entire salary on the line and work for $1. only then will management Director and above get the hint and take a pay cut. until they are humiliated, they will only fill their pockets, thick headed and thick skinned as they are.

By: exnt2

exnt2 — Fri, 05 Dec 2008 03:39:34 +0000

6 figure salary they get is puny when compared to what the top dogs get. Its pocket change. Compare a line manager at 120000 to 500000 for a board chairman attending 16 meetings likely 1 hour each, of which at least half must be going thumbing his little corporate Blackberry.

On question 8 below NT low price is what NT is worth. It has nothing to do with AAN, propaganda, haters etc. Going by the same thought, if we were all to do a song and dance on NT, do you think it will go back to $30. Come on. NT is worth 0 and many analysts have said so.

What can you say about a company that generates over 10 billion but not a single cent in profit going to the bank?? And people think AAN is responsible?

Only management and the board are responsible. You cannot blame this on economy, shareholders, media, NT employees, customers. If you did, there is no need for management or a board.

By: exnt2

exnt2 — Thu, 04 Dec 2008 22:46:15 +0000

Z is not even worth paying 1 nortel share at 51 cents. he creamed the business in 3 years, something no Nortel CEO has done in over a 100 years.

sounds awful does it not. we can play the same marketing game he does.

By: exnt2

exnt2 — Thu, 04 Dec 2008 22:42:41 +0000

By: exnt2

exnt2 — Thu, 04 Dec 2008 22:39:34 +0000

By: puddintane

puddintane — Thu, 04 Dec 2008 15:26:55 +0000

The plaintive wail of a currency-free global village emerging from this one last, final secular bear brought about by oil-driven capitalism is a load of, well, bull.

If the working masses were indeed smart they'd finally develop their own metrics to grade their bosses' performance and the license to adjust their salaries accordingly. Establish a meritocracy. Wouldn't it be fun to pay Mike Z solely in NT stock these days?

But no, the oppressed proles actually pay to join unions replete with bosses, eagerly vote for the vague possiblity of mere "change", which, hello, isn't synonymous with "improvement", and buy bumper stickers to advertise how much they care and how smart they are.

By: Clint

Clint — Thu, 04 Dec 2008 13:35:30 +0000

Points 1-7 apply directly to most of current (not all) NT managment.
At least the ones who have been there 10 years or more.
But I would not call six figure salaries puny in their cases.

By: Another Nortel Watcher

Another Nortel Watcher — Thu, 04 Dec 2008 07:58:04 +0000

My comment was quoted in the G&M so he couldn't delete it without revealing his cowardice.