I am sure this name 'telecomguy' is a shame for the entire industry. I think he confessed as a sales or some other sundry and how can you expect anything about technology leave alone
the current market environment. The best way is to ignore his
all contentless venting.
Here is an interesting article about beloved Roth (a la McGinn of Nortel) and how he ripped as CEO.
How good a CEO was Nortel Networks Corp.'s (NYSE/Toronto: NT - message board) John Roth? So good that he is being paid more not to be at work than he was getting when he ran the company.
Just a few days before former Nortel CEO Roth announced his retirement back in May 2001, he received a $250,000 annual raise, according to documents Nortel filed with the Securities and Exchange Commission (SEC).
For the first four months of 2001, Roth?s base salary was $1,250,000 per year. This climbed to $1,500,000 a year on May 1, 2001. Roth officially retired as Nortel's president and CEO on November 1, 2001. Since then he has been on a yearlong leave of absence, during which he will continue to draw his entire salary.
In 2000, Roth earned $6.7 million in cash, including $1,104,167 in base salary, a bonus of $5.6 million, and miscellaneous pocket-change of $33,199 (see 2001 Top Ten: Fat Cats ).
follows the link for the complete article.
lightreading.com 
I hate these CEO's who screw royally and take a hugh retirement benefits.
Take guys like WCOM CEO who gambled a lot in market and
the company bails him out via loan.
I think it was 19997 or 1998 when Disney went down by
more than 10% and the CEO Eisner took home more than 500
million dollars.
Of course these crooks cannot be compared to natural
crooks like Skilling and Fastow of Enron fame.
Only in America this kind of capitalism works.
Good bless America and stupid middle class which holds bag for all these nonsense. |
