re: Have you worked for a company that was "sinking ship"?

I went to work for Nortel in about 2005. They were a telecom manufacturer. It lasted about 3 yrs and the ship was sinking when I got there, but they paid me $80k plus commission and a car. It was never stable but they kept restructuring debt. I rode that horse until the end because I was making about $120-$150k a year. A few years later went work for Level 3, (a worldwide Internet and fiber networks provider). They were in a panic from day one...numbers, numbers numbers. I sensed something early on, but the money was too good. I was a victim of a 1,000 employee layoff. It was one of the best days of my life when they let me go.