Tag Archives: bonuses

U.S Trustee Balks at Bonuses

By Mark Evans | Published: March 2, 2010
It looks like the incentive bonuses that Nortel wants to give to its remaining employees over the next two years may turn into a battle. According to BusinessWeek, acting U.S. Trustee Roberta DeAngelis is objecting to the $55.6 million of retention and incentive payments for 866 employees, describing them as “extraordinary”. The payments are part [...]
Posted in Financials, Legal Issues | Also tagged , | 39 Comments

What’s Nortel Business Services?

By Mark Evans | Published: February 16, 2010
Just in case you were wondering why Nortel needs to employ 1,475 people over the next two years (and give them incentive bonuses), here’s some information about Nortel Business Services, which was created last year after the company decided to sell all of its assets rather than restructure. NBS was created to “facilitate an orderly [...]
Posted in Financials | Also tagged , , | 36 Comments

Nortel Shares the Wealth…With a Few

By Mark Evans | Published: February 12, 2010
Imagine if you one of the thousands of people who were dismissed by Nortel over the pass year without a single penny of severance. Imagine if you were one of the 400 Nortel employees on long-term disability were had take a buy-out recently rather than risk losing all of their benefits. Then, imagine how pissed [...]
Posted in Financials | Also tagged , , | 31 Comments

While Rome Burns, More Bonuses for Execs

By Mark Evans | Published: November 26, 2009
Update: CBC (television) will be running a report tonight on its investigation into 72 Nortel executives getting additional bonuses. If the Nortel soap opera could turn any more bizarre, the CBC has obtained documents that indicate Nortel launched a new compensation plan earlier this Fall that will see executives receive $7.5-million in addition to their [...]
Posted in Financials, Legal Issues | Also tagged , , , | 40 Comments
  • TwitterCounter for @markevans
  • Seeking Alpha Certified