2006 Compensation: $8,227,421
Mike Zafirovski joined Nortel in 2005 after Motorola's board of directors appointed Ed Zander as CEO instead of him. Zafirovski was serving as Motorola's COO at the time. A few months later he resigned and joined Nortel as CEO, but Motorola filed a suit against him alleging violations of a non-disclosure agreement. Nortel paid Motorola $11.5 million to settle the suit.
Links:
[1] http://www.fiercewireless.com/special-reports/ed-zander-motorola-ceo
[2] http://www.fiercewireless.com/special-reports/executive-pay
[3] http://www.fiercewireless.com/special-reports/michael-gallagher-fibertower-ceo