MrGregorio

What to Expect from Nortel in '09

I worked for NT under Roth. Yes, he ruined the company and should be in Jail. How the hell these egotistical CEO's aren't held reponsible for their actions boggles the mind. Two of Roth's senior execs dumped millions of shares just before NT's largest share price drop. Roth said he didn't know about it, and had he known he would have advised them to sell after that price drop so that they could write it off as a tax loss. That tells ya how much money was STOLEN from investors.

ALSO, one day at work long ago Mr. Roth announces a mystery term to all staff of NT and hypes it up to be revealed at a later date....tells us all to remember the term "Right Angle Turn". Months later he has a global conference and announces that NT will now produce only software and no more hardware!!!! We were all in shock as well was the industry since NT's core business is HARDWARE. The idiot Roth had to renounce that since everyone was ready to immediately pull the plug on NT. The term 'Right Angle Turn' applied to the stock price - DOWNTURN.

Can't recall the amount of salary and bonuses this cretin was paid, but it was EXTREME. Hope you read this Roth you crimminal.