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Nortel va plati zeci de milioane de dolari bonus pentru management

Compania a dat faliment, si-a concediat majoritatea angajatilor, dar refuza sa moara. Avocatii Nortel au castigat in Justitie dreptul CEO-ului de a primi bonus milioane de dolari, iar ceilalti manageri vor fi si ei premiati pentru rezultatele “foarte bune”. In total 22 de milioane de dolari vor intra din fondurile ramase in firma in buzunarul celor care au distrus afacerea. Totul in numele dreptatii si al economiei de piata.

Nortel nu se va inchide, dar se va relansa. Ce inseamna asta? Ca va continua sa profite de contractele semnate, va vinde produse, va incasa bani si va plati echipa de management.

Si mai departe? Mai departe nu, pentru ca este protejata de legea falimentului. Nu va plati datoriile acumulate, furnizorii, creditori, fostii parteneri. Nu va achita nimic, doar bonusurile managerilor.
Foarte tare! Va sugerez sa faceti in continuare afaceri cu Nortel…

Este practic un abuz clar al legii de protectie americane, care fereste companiile
Nortel Networks, the Canadian equipment maker that filed for bankruptcy protection last month, has won court approval to begin paying tens of millions of dollars worth of incentive bonuses to top executives and other employees in an effort to help keep them from leaving the company. The move comes despite an announcement last month that Nortel’s Board had earlier approved management’s recommendation to not pay any bonuses for last year. TheStreet.com, citing a Bloomberg report, notes that Nortel has been cleared to pay US$22 million in bonuses to 880 employees. Meanwhile, the vendor is also reportedly seeking a further US$23 million to pay 92 senior executives who can help pull the company out of its restructuring. Nortel will go back to court later this month for approval of those payments.

Last week Nortel’s chief executive Mike Zafirovski told the Financial Times (FT) that the company hopes to complete its reorganisation plans and emerge from bankruptcy protection before mid-year. Zafirovski told the FT that the Canadian equipment maker – which earlier this month reiterated plans to become a viable business despite reporting a widened fourth-quarter loss of US$2.14 billion – aims to complete the reorganisation plan “over the next few weeks” before submitting it for approval to the board towards the end of this month. The Nortel chief executive said he hoped to put the business reorganisation plan before stakeholders – including creditors – next month, and to complete the process “by the end of April or May.” The FT noted that would clear the way for Nortel to seek the courts’ approval to emerge from bankruptcy protection. As well as announcing the appointment of CFO Pavi Binning as Chief Restructuring Officer, the vendor has also announced plans in recent weeks to cut around 5,000 jobs.

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