Category Archives: Compensation

Pushback Time?

By Mark Evans | Published: August 18, 2008

Over the past few months, it has not been easy being a Nortel employee as the company has aggressively restructured operations by slashing costs, shedding thousands of employees, and moving many jobs to lower-cost places such as Mexico, Turkey and China. For the employees who have stuck around or managed to avoid being made redundant, you [...]

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A Good Year for Mike Z.

By Mark Evans | Published: March 22, 2007

According to the Ottawa Citizen, Nortel paid CEO Mike Zafirovski a sweet $8.27-million last year, while CFO Peter Currie made $2.25; Richard Lowe (head of carrier operations) $2.19-million and Dion Jonnou (head of North American operations) $2.11-million. Meanwhile, Brandes Investments Partners doubled its stake in Nortel to 10.8% from 5.4% las year.

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Ex-Executives Get Packaged

By Mark Evans | Published: March 1, 2006

Two of Nortel’s former long-time executives – Pascal Debon and Brian McFadden – have been sent along with nice severance packages. Debon, who was a "special advisor" will receive a lump sum payment of $295,000 on June 24 and bi-weekly payments of $22,692 through Dec. 28 of 2007 while McFadden, who was chief research officer, [...]

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Mike Z.’s Sweet Compensation Package

By Mark Evans | Published: February 16, 2006

So Mike Z. gets a $1.2-million annual salary just for showing up. Then, he’s eligible for a bonus worth $1.8-million to $3.6-million if certain performance benchmark are reached. Then, there’s the five million stock options and 2.25 restricted stock options he received last year, which are currently worth nearly $18-million. And if Mike Z. sticks [...]

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Owens Joins Sprint Board

By Mark Evans | Published: January 24, 2006

It hasn’t take long for ex-Nortel CEO Bill Owens to get back on the board bandwagon. Owens is one of five designees to Sprint’s board that will own its local communications business. You may remember Nortel rewarded Owens – as only Nortel can do – when he resigned many of his [...]

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