Mike Z Wants $12M
He is claiming severance money, bonuses, and two-years salary. This is unlikely to endear him to the remaining rank-and-file Nortel staff, or those who have already lost their jobs without redundancy payments and who now fear they may also lose their pensions.
Zafirovski left Nortel once the fire sale of the company's assets began in earnest. (See ITU: Ciena Bids $521M for Nortel's MEN, Nortel to Sell GSM Biz, Nortel's Next Auction: The Packet Core, Avaya's $900M Bid Wins Nortel Auction, and Ericsson Delivers Knockout Blow to NSN.)
There's one piece of good news for Nortel et al, though: Reports suggest the company has come to an arrangement with the U.S. authorities over an outstanding $3 billion tax bill, and that details of an agreement will be announced soon. (See Nortel Fire Sale Update.)
— Ray Le Maistre, International News Editor, Light Reading