Nortel CEO hasn't had a raise in three years

The poor man must be suffering tremendously, given the increases in the price of such basics as food and housing.

Clearly, living on only $1.2 million a year, which reflects 20 percent of Mike Zafirovski's "pay package," he cannot be expected to cut back. True, Nortel's bankruptcy protection wrecks havoc on the company's suppliers, laid-off and pensioned employees, and other creditors. But Zafirovsky is already sharing the pain. For three whole years he has been stuck on that salary.

... which would fairly adequately¹ support, based on 2006 figures,

• 40 families composed of two adults, two children or
• 47 families composed of one adult, two children or
• 80 seniors who live alone.

¹ Daphne, yours truly and many others can and do live on substantially less than the amounts given in Canada's Lowest Income Cutoffs. Not that there's a whole lotta a choice.

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