Life can be better at the top

June 28, 2006

BY ZAY N. SMITH SUN-TIMES COLUMNIST




QT Trickle-On Economics Update:

Nortel will cut 1,100 jobs and reduce pension benefits in an effort to reduce expenses, it was announced by CEO Mike Zafirovsky, who received $18 million in compensation and hiring bonuses for the last six weeks of 2005.