Nortel Execs vs Their Severed Employees

With all due apologies to Lyra and Pan.

The former employees of Nortel, robbed by the swindlers who held off their severance pay until the company filed for bankruptcy, are suing the company to prevent it from awarding 29 million dollars worth of "retention bonuses" to members of the executive.

That money, apparently, is needed to retain top talent during the restructuring.

The same top talent that led the company in to the ground? Hard to say, as they aren't saying who exactly is getting how much.

What the executives don't seem to understand is the same thing that the AIG people don't seem to understand. People are angry. People are so angry they're willing to accept pain themselves in order to punish those they believe have hurt them.

These executives, flush with privilege, don't quite understand the situation they're in. People are mad. People are absolutely, raging mad. Their lives have been ruined. Their pensions have been stolen. And the executives want bonuses.

They don't seem to understand that it's not a choice between bonuses withheld or bonuses given. It's a choice between bonuses withheld and eventually, if you follow the mounting anger, pitchforks. It's only a matter of time if they keep this up.

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