Comments on: U.S. Creditors to Battle Disability Deal

By: scalppeeler

scalppeeler — Wed, 03 Mar 2010 07:32:11 +0000

Gee.
Whaddya know. I was right again as usual.
The crumpeters come up empty again.
Must be the post olympic North American Gold
Rush feel good story.
Remember the Brits and Ruskies bad mouthed
the canucks at the olympics because they
themselves were so pathetic and were full of sour grapes.

By: scalppeeler

scalppeeler — Wed, 03 Mar 2010 02:32:11 +0000

By: less

less — Tue, 02 Mar 2010 19:40:23 +0000

Nortel’s Proposed Incentive Payments Opposed by U.S. Trustee
March 02, 2010, 12:03 AM EST

Nortel Trustee Objects to Proposed Incentive Payments By Edvard Pettersson

March 2 (Bloomberg) -- The U.S. trustee for the Nortel Networks Inc. bankruptcy case objected to a proposed new round of retention and incentive payments for employees of the maker of telephone equipment.

The aggregate payment of $55.6 million to 866 employees over two years under a new incentive plan is “extraordinary,” Acting U.S. Trustee Roberta DeAngelis said in a filing yesterday in U.S. Bankruptcy Court in Wilmington, Delaware. The trustee also objected to a proposal to make milestone payments under existing plans irrespective of the milestone in question occurring.

By: wss

wss — Tue, 02 Mar 2010 18:15:49 +0000

Nortel employees get screwed again, while management get bonuses for bringing down the company.

It all started with Roth leaving with a glorious payout, instead of an investigation as to how this could occur.

By: scalppeeler

scalppeeler — Sat, 27 Feb 2010 00:19:52 +0000

So mike harris was Genghis Khan to un-established and established Canadians of Contribution cutting social assistance and welfare. There were no refugee payouts when Harris was in charge. You have the opposite with McGuinty. Welfare, Refugee payouts, social assistance up the ying yang including housing and subsidies. McGuinty brings in wave upon wave of immigrants regardless if they contribute or not and sets them up for life. Perhaps Harris was a little harsh on one end. But McGuinty is extremely harsh on the opposite end of the spectrum rewarding Canadians of Convenience at the taxpayers expense. Don't know about but I'll take the Harris model over that.

By: Nortel watcher

Nortel watcher — Wed, 24 Feb 2010 16:42:01 +0000

I agree it is very surprising the auction lacked particpants when all other BUs did not. At least Genband has maintained and Samih Elhage of Nortel has reiterated that the great majority of CVAS employees worldwide will be given a job offer. Good luck to you. Regardless of the salary amount, be glad you have an offer to stay.

By: OneOfTheFewLeft

OneOfTheFewLeft — Wed, 24 Feb 2010 14:25:15 +0000

I find it shocking that no other companies were interested in CVAS and did not enter a bid by the deadline yesterday.

By: Nortel watcher

Nortel watcher — Wed, 24 Feb 2010 13:59:37 +0000

NORTEL CVAS SOLD THIS MORNING TO GENBAND...THERE WILL BE NO AUCTION...SEE THESE TWO LINKS

http://www.marketwire.com/press-release/Nortel-...

http://finance.yahoo.com/news/GENBAND-Selected-...

By: TongueInCheek

TongueInCheek — Tue, 23 Feb 2010 20:59:36 +0000

Nortel hasn't announced any of the biddres for any of the auctions given the confidentiality agreements in place, other than the Stalking Horse bidder. That's not about to change.

By: XPM_guy

XPM_guy — Tue, 23 Feb 2010 19:57:56 +0000

Funding the executive bonuses, of course…