madmax Posted March 24, 2009 Report Posted March 24, 2009 Nortel has been into schemes and scams for close to a decade. I recall smelling the stink of John Roth as he was exiting Nortel and cashing out hours before the stocks tumbled. Nortel lost any credibility with me around that time, but people continued to be suckered into supporting this company and in the following years, we have seen some outrageous business plans. But there is always a great price for incompetence. Yes, we must pay high dollars to keep the scammers and the incompetents running the company. Our courts are very complaint at providing for the most powerful and most incompetent at the same time. No, instead of cutting these guys off at the knees..... the courts provide them will millions to stay on. Should I expect anything more.... absolutely not. An Ontario judge has allowed Nortel Networks Corp. to pay three Canadian senior executives bonuses as part of an incentive plan to keep them with the company to drive a reorganization as it tries to emerge from bankruptcy protection.Courts in Canada and the U.S. granted the company the right pay a combined $7.3 million U.S. to eight top-level managers Friday even as thousands of former employees are being denied severance payments. Russell Schooley, a former Nortel software developer in Texas who lost his job, health benefits and about eight months severance pay in January, was disappointed the U.S. court did not listen to his objections. "Where is the fairness in giving these executives a bonus just a few months after they deny other employees their severance pay? Well, Russell, you need to be retrained, You need to get into technology.... opps wrong speech for the unemployed and severancely shafted...... our bankruptcy laws here, wouldn't do shit for you either. You are screwed. Russell you must recognise what could happen if we don't give these big fat bonuses to a bunch of Corporate bums. Sponsor an Executive Money well spent Quote
Progressive Tory Posted March 24, 2009 Report Posted March 24, 2009 No, instead of cutting these guys off at the knees..... the courts provide them will millions to stay on. That is insane. Quote "For all our modesty and self-deprecation, we’re a people who dream great dreams. And then roll up our sleeves and turn them into realities." - Michael Ignatieff "I would not want the Prime Minister to think that he could simply fail in the House of Commons as a route to another General Election. That's not the way our system works." Stephen Harper.
eyeball Posted March 24, 2009 Report Posted March 24, 2009 Sponsor an Executive Apparently this video isn't available in Canada. Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
madmax Posted March 24, 2009 Author Report Posted March 24, 2009 Apparently this video isn't available in Canada. Maybe George Galloways in it Try this link... http://www.youtube.com/watch?v=xRKYZAVJVmI Quote
85RZ500 Posted March 25, 2009 Report Posted March 25, 2009 And Nortel pensioners have just hired a gunslinger law firm to try to get their pensions paid. This is one screwed up country. Quote
Smallc Posted March 25, 2009 Report Posted March 25, 2009 This is one screwed up country. Why, because it doesn't agree with your personal moral values? Quote
Oleg Bach Posted March 25, 2009 Report Posted March 25, 2009 Why, because it doesn't agree with your personal moral values? "personal moral values" How dare you attatch the words personal and moral? What you are saying personally speaking if a guy has a thousand dollars and you want it -- it's fine to hit him on the head with a rock and take it because it is GOOD for you and fits your personal and "moral" needs..somethings are wrong and some are right - If you want to maintain a happy and civil society you need laws (morals) - If lawlessness suits you then I guess that is what you VALUE.. Quote
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