Top Heavy Ciena

The Philter The Philter 9/1/2005

3:30 PM -- Another nugget mined by Ray Le Maistre, International News Editor, while covering Ciena's earnings call:

Ciena CEO Gary Smith was just been named as the "Most Outrageously Overpaid CEO" by MSN's Moneycentral Web site, thanks to his $41.2 million cash and stock compensation during the past four years, during which time Ciena's share price has tanked by 93 percent.

— Phil Harvey, News Editor, Light Reading

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