Serraphin

Nortel Networks: 5 Big, Unanswered Questions

They need to get the government to allow them to address their pension problem, Eliminate it, reduce it, whatever. The fact remains that if Nortel folds not a single pension will be paid. Second they should sell their Defense related assets, Nortel Government Solutions and focus on their market which is presumably now Unified Communications. Mike Z and at least half the board should be replaced. Everyone has a hand out for a bailout, why not Nortel. Give Canada a share in our stock for some bail money or perhaps let the employees take ownership. Turn Nortel into an employee owned company. Let us clean house and turn this ship around. Move over board, we'll handle your fiduciary duties...


On Nov 14 11:49 AM Red Green wrote:

> Answers to your questions:
> 1. I would be looking for another job and all the Nortel people are
> doing the same.
> 2. No, they are not going to replace them. Probably combine several
> positions into one and hire someone cheap who will then fail. <br/>3.
> The board is doing lunch and pontificating about nothing important.
>
> 4. Mike Z's future is bleak. What has he done to merit a future?
>
> 5. Soon. Neither Mike Z, the board or anyone else presently there
> knows what to do. So it will happen by default.