Nortel Pulls an AIG

And the absurdity continues.

The executives who run companies into the ground continue to get rewards “retention” bonuses and the rest of us get laid-off.  In the fine tradition of AIG rewarding the brainiacs who led us all into this global economic melt-down, the geniuses who took Nortel from $250 billion market cap to $65 million market cap and bankruptcy are being rewarded with “retention” bonuses of $ 30 million dollars.  With performance like that,  why they are being retained for any reason?

rb- At least the Nortel “retention” bonuses are not being funded by my tax dollars (yet).

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