tiredofitall

Why Capping Pay Is Likely to Work

phaf wrote: I can't really muster much sympathy for the overpaid schmucks who brought things crashing down when they were paid to know better.

Amen.

Replacing Nortel's CEO: Is It Possible?

The team formed to create the restructuring plan should review strongly if Nortel can afford to remove Mike. He does not have the capability to lead the "new" Nortel or frankly any other company. Maybe there is a reason Motorola 'overlooked' him as a CEO? Regardless, there is waste at the top due to Mike Z and continues to be with his personal influx of mulitple levels of execs and his Six Sigma black belts. Remove that waste and the operating expenses will decrease dramatically.

Is Nortel on the Verge of Filing for Bankruptcy?

Already done. Filed this morning in Canada and US.

www.nortel.com/corpora...

Wall Street Breakfast: Must-Know News

Of course GM asked for more money - I'm sure the bill from this past weekend's NFL playoff sponsor was quite high.

Where is the accountibilty? If consumers get a car loan, they are not allow to use the money on a hot tub for the back deck.

When Will Criminal Conflicts of Interest Stop?

It's time we all admit that government is corrupt, regardless of who is in 'power'. It's also time we all admit that the only way to really change or fix the issues with Wall Street is to stop enabling them - we live off them daily through the buying, selling and trading of stocks.

Big business will likely always be corrupt, but at least when it's private, hundreds of thousands don't loose their life savings.

Nortel News: Rethinking Bay Networks Acquisition, Delisting Threat

Amen to both comments. Having lived through it as well, it was 100% the execution that was so poorly planned, there is still the seperation 10 years later. It was the buying spree that Roth took Nortel on right after that Bay purchase that was destructive...18 companies in 2 years....a corporation that couldn't execute became broken as a result.