Nortel Insider – by Desk Jockey

The view from one Desk Jockey

Nortel Downfall Part 5

with 3 comments

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Written by Desk Jockey

February 18, 2009 at 6:39 pm

Posted in Uncategorized

Tagged with , ,

3 Responses

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  1. Speaking of GE….

    —–

    February 18:

    “General Electric Co. Chairman and Chief Executive Jeffrey Immelt declined a 2008 bonus and millions of dollars in performance awards, saying Wednesday that the company’s falling profits and plummeting share price prompted him to forgo the payments.”

    http://news.yahoo.com/s/ap/20090218/ap_on_bi_ge/general_electric_executive_compensation

    —–

    The z-man, on the other hand, comes up with KEIP to ensure he and his cronies remain paid. Yes, I do believe that KEIP == Keep Executive Idiots Paid.

    Reality Strikes

    February 18, 2009 at 10:05 pm

  2. Looks like thats one GE trait Z conveniently forgot to implement. Lets face it, there’s simply no chance Z will “share the pain” that will come with the downfall of this company that he and his cronies have had a large part in causing.

    For him, its KEIP all the way while maybe tossing a few breadcrumbs (i.e “incentives” like tickets to sporting events, etc) to a few “lucky” employees.

    Desk Jockey

    February 20, 2009 at 11:37 pm

  3. This Mike Z is one of the stupidest CEO ever a comany can have … He spoiled rather finshed the company … A company with legacy class of equipment . wonderful support & ops team excpet a stupid sales folks ,., Spoiled a comapny no one is asking them why they did this ….
    Mike Z is good for nothing he can be best suited a gaurd on the border

    raj

    February 26, 2009 at 3:46 am


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