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Re: Re: Nortel's Q4 Results
by
Mark Evans
i think owens got a sweet deal - relatively speaking - for someone who appears to be more of a stop-gap measure than an executive who can lead nortel out of the woods. You pay for what you get. Since leaving the U.S. military, Owens has wanted to be a CEO. It didn't work out at SAIC because the founder/CEO refused to step aside, which is why Owens left. When the Nortel CEO job came up, Owens probably jumped at the chance - even though it is not the most lucrative package. It was the perfect marriage: Nortel badly needed someone to take the job but couldn't offer a huge package because of its accounting woes, while Owens desperately wanted to be a CEO.
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