No Sale, No Merger: Mike Z.

For more on Nortel’s AGM, here’s my story in today’s National Post. It is interesting that CEO Mike Zafirovski’s strong interest in boosting the stock price through improved operations may have something to do with the fact he’s got millions of stock options, including a new tranche with a $2.12 strike price. So, if the stock doubles or triples on the basis of better profits over the next few quarters, it’s likely Mike Z. will do much better financial than selling the company for a 20% to 30% premium (40 to 60 cents at current levels).


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: