$170-million windfall for CEO

Article Abstract:

Robert Gratlon, chief executive officer of Power Financial Corp. has gained about $170-million on stock option in the year 2004, which is the largest stock options in Canadian history. The securities filings indicate that Robert Gratton had exercised 3.88 million options in total, or 56% of the options he owned and still has three million more options that is not yet exercised.

Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Personnel administration, Financial services industry, Compensation and benefits, Power Financial Corp., Gratlon, Robert

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How Nortel lost the race to redemption

Article Abstract:

Nortel Networks Corp's problem starting from the 1990s boom in telecommunications, prompted in large part by U.S. legislation that allowed long-distance phone companies and local phone companies to compete against each other. Nortel Networks Corp. shareholders were in trouble when the company suspended its chief financial officer and controller in mid-March 2004.

Telephone and telegraph apparatus, Sales, profits & dividends, Organizational history, Telecommunications equipment industry, Company sales and earnings, Nortel Networks Corp., NT, Company restructuring/company reorganization, Reorganization and restructuring, Company earnings/profit, Company organization, Accounting fraud

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