[Newsbot]

Title: Nortel executives continue drawing bonuses years after bankruptcy
Category: Business
Posted By: shockedcanadian
Date: 2016-10-07 10:23:22
Canadian

[shockedcanadian]

Standard Canadian welfare system.

No wonder our allies don't trust us...

[BartSimpson]

shockedcanadian shockedcanadian:

Standard Canadian welfare system.

No wonder our allies don't trust us...

We honestly don't care. We've got our own problems right now.

[shockedcanadian]

BartSimpson BartSimpson:

shockedcanadian shockedcanadian:

Standard Canadian welfare system.

No wonder our allies don't trust us...

We honestly don't care. We've got our own problems right now.

Maybe you don't care, but many do and should.

[BartSimpson]

This is not something that would shake our trust in Canada as an ally.

[shockedcanadian]

BartSimpson BartSimpson:

This is not something that would shake our trust in Canada as an ally.

Maybe our NATO contributions (or lackthereof), or interference in U.S corporations on Canadian soil will. Or perhaps you fancy the penny stock scammers and telemarketing scams that were run against Americans over the last couple of years.

Of course, Americans don't share values with nations that don't respect the rule of law and liberty. This is clear in the International positions of principle the U.S has taken.

Bankruptcy, IPO, trade index rules and even Canada's accounting rules have been under fire in the U.S for decades. This story confirms what many already know.

Some of us are fighting the good fight and trying to bring Canada into the 21st Century. We might just have a Prime Minister who "gets it", we will see.

[BartSimpson]

Hillary Clinton has been tied to the questionable deaths of over 100 people and she might be elected President.

So your comment:

"Americans don't share values with nations that don't respect the rule of law and liberty."

Speaks for a lot of Americans but not quite the way you meant it to.

[ShepherdsDog]

Next the crayola scholar will be telling you that you're not a real American.....or are a subversive enemy of liberty(according to the voices).

[shockedcanadian]

BartSimpson BartSimpson:

Hillary Clinton has been tied to the questionable deaths of over 100 people and she might be elected President.

So your comment:

"Americans don't share values with nations that don't respect the rule of law and liberty."

Speaks for a lot of Americans but not quite the way you meant it to.

Any and every president or politician will be second guessed. It's up your voters to decide the outcome, at the very least you have an open media system that can challenge and debate accordingly, even if not perfect. Then there is that little thing about checks and balances, term limits.

[raydan]

Nothing to see here... this is just the price of doing business, or in this case, the price of not doing business.

[BeaverFever]

Except remember:

$1:

Nortel’s painful pension lessons

When telecom giant Nortel collapsed, its 20,000 employees were out of job. Six years later, 10,600 pensioners remain without a secure retirement. Next week a court will decide whether their long battle is over. A group of Canadian pension experts argues it is well past time for them to receive just treatment.

By BOB BALDWIN FOUR OTHERS
Wed., Oct. 21, 2015


The shocking treatment of Nortel employees when the company collapsed in 2009 was a wake-up call for many Canadians concerning the holes in our pension laws.

For several years, Nortel’s 10,600 pensioners faced the prospect of getting nothing for their years of service to the company, as creditors fought over the corporate assets. The fees demanded by the lawyers and accountants during the six years of battle – more than $2 billion – were so excessive that the advisers as a group were publicly slapped by the judges. Simply stated, this prolonged legal battle has become an undue burden on thousands of Canadians’ potential retirement protection.....

https://www.google.ca/amp/s/www.thestar ... ent=safari

[shockedcanadian]

BeaverFever BeaverFever:

Except remember:

$1:

Nortel’s painful pension lessons

When telecom giant Nortel collapsed, its 20,000 employees were out of job. Six years later, 10,600 pensioners remain without a secure retirement. Next week a court will decide whether their long battle is over. A group of Canadian pension experts argues it is well past time for them to receive just treatment.

By BOB BALDWIN FOUR OTHERS
Wed., Oct. 21, 2015


The shocking treatment of Nortel employees when the company collapsed in 2009 was a wake-up call for many Canadians concerning the holes in our pension laws.

For several years, Nortel’s 10,600 pensioners faced the prospect of getting nothing for their years of service to the company, as creditors fought over the corporate assets. The fees demanded by the lawyers and accountants during the six years of battle – more than $2 billion – were so excessive that the advisers as a group were publicly slapped by the judges. Simply stated, this prolonged legal battle has become an undue burden on thousands of Canadians’ potential retirement protection.....

https://www.google.ca/amp/s/www.thestar ... ent=safari

Precisely Beaver.

As I said, no wonder our allies don't trust us...