Sunday, February 19, 2006

DAILY TELECOM NEWS: Lucent shareholders vote to rein in executives' pay

By Daily Telecom News, Power by Cogni360

Telecommunication Industry News & Updates.- Lucent Technologies stakeholders yesterday voted to limit executives' stock-based compensation and to exclude noncash pension credits in the calculation of performance-based pay. CEO Patricia Russo defended the company's pension positions, saying plans were adequately funded and that total pension outlays were on the high end of what's reasonable. Click here for free telecommunication tips.


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