FireMr.Z

What to Expect from Nortel in '09

Nortel was a decent company until the CEO incompetense parade lead by John Roth. Mr. Z is just latest overly paid CEO with an even bigger ego, leading the same sad parade of his generation. Add to the disfunctional era, board members on so many different boards involved in so many activities they can not provide sound governance.

Nortel's problem is that it was one of the many victums at the end of a generation of management only interested in what they could earn on the way out to retirement. There was no restructuring plan, it was purely resume stepping stones, paychecks and bonus stops for Mr. Z and his insiders. One more [big] CEO bonus pow-wow to go for M&A, now that most of the big indians are all gone.

This is not rocket science, had there really been a real restructuring plan; It would have been acompanied by a real marketing plan. C'mon!