Tag Archives: bonus

Nortel Goes Down, Bonuses Go Up

By Mark Evans | Published: April 20, 2010

Do you think the crew upon the Titantic would have received big bonuses if any of them had survived? After all, they did prove that it was possible to sink the unsinkable, and some people did manage to live. Well, Nortel seems to be intent on rewarding its senior executives for taking the S.S. Nortel [...]

Posted in Financials | Also tagged john doolittle, Nortel | 19 Comments

And the Bonuses Keep on Coming

By Mark Evans | Published: February 14, 2010

Earlier this week, Nortel provided an update about its bankruptcy protection process, which has now been underway for more than a year. Despite the sale of most of its major assets, Nortel is asking for court approval for an incentive plan for the next two years for 1,475 employees working for two units; Nortel Business [...]