MP questions executive bonuses at Nortel - Macleans.ca

MP questions executive bonuses at Nortel

Executives are expected to appear in the House before the summer recess

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MPs are questioning Nortel executives who continue to earn “retention bonuses” at the expense of their current and former employees. Recent bonuses totalled $30 million, of which $7.3 was split between eight executives. “Here you have senior executives at Nortel paying themselves millions of dollars in bonuses at a time when the company is tanking,” says NDP MP Thomas Mulcair, “and we just find it inadmissible and we want answers.” A date has not been set, but the executives are expected to appear in the House before the summer recess.

Ottawa Citizen

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