irish

Nortel: Still Waiting For Mike Z. To Deliver

Mark, Mike Z never had a real chance in the first place. Once the board and Harry Pierce voted against the new plan, the game was over. The networking experienced executives left and the GE team with no industry experience took over. Six Sigma was never going to fix this. Mike Z had a blueprint left him on what to do and could not get it done. Nortel is now a penny stock with no product market share in double digits, a not good distribution model, no money or stock to buy something. Can not go up and will go down. Mike Z might be talented, but with this set of cards John Chambers would fail and he knows/built this industry. The tipping point has passed. It is going to be painfull for 35,000 people.