NORTEL HIRES READY-MADE TEAM OF 34 SCU STUDENTS
Nortel Networks shocked many in business and academia when it
offered jobs to each of the 38 Santa Clara University
undergraduate engineering students who attended its November
recruiting banquet.
Thirty-four students accepted the
job offers, which were made following dinner by Nortel Vice
President Mario Bruketa. Each student received a Federal Express
packet the next day containing the employment offer letters.
Starting salaries reportedly ranged from $53,000 to $72,000.
Students who accepted within the first week received a signing
bonus and those who accepted during the second week received half
of the bonus. Some students are believed to have received stock
options as well.
Some critics, including university officials and
executives from other companies, believe such "blanket hiring" is
not necessarily beneficial because it prevents students from
examining options with other companies and limits their focus and
subsequent experience.
(SiliconValley.com, 5 April 2000)
Contact F. David Peat
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