China Financial Daily

March 25, 2009

Nortel executives bonus

Filed under: Financial News — Tags: , — Nancy @ 5:57 am -0700

Nortel executives obtained 7.3 million U.S. dollars bonus, the employees who had been dismissed are critical of it!
According to foreign media reports, the Court of the United States and Canada on Friday (March 20) ruled that the Nortel incentive pay plan have been passed, even though former Nortel employees strongly objected to this plan, the company’s eight executives ultimately obtained twice of annual incentive bonus payment.

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