Comments on: The SEC Comes Down on Four Former Execs http://www.allaboutnortel.com/2007/09/13/the-sec-comes-down-on-four-former-execs/ All the News about Nortel Networks Thu, 09 Feb 2012 03:34:00 +0000 hourly 1 By: Mark Evans http://www.allaboutnortel.com/2007/09/13/the-sec-comes-down-on-four-former-execs/comment-page-1/#comment-1841 Mark Evans Fri, 14 Sep 2007 11:53:07 +0000 http://www.allaboutnortel.com/2007/09/13/the-sec-comes-down-on-four-more-nortel-execs/#comment-1841 Casual Observer: Fair enough point, although I do mention in the post itself they are all ex-VPs of finance. Casual Observer: Fair enough point, although I do mention in the post itself they are all ex-VPs of finance.

]]> By: Paul Stevens http://www.allaboutnortel.com/2007/09/13/the-sec-comes-down-on-four-former-execs/comment-page-1/#comment-1840 Paul Stevens Fri, 14 Sep 2007 04:57:48 +0000 http://www.allaboutnortel.com/2007/09/13/the-sec-comes-down-on-four-more-nortel-execs/#comment-1840 I think this is unjust. With what we now know about Nortel's financial reporting tools, and given the % variance in question, how could these individuals have been certain about any numbers to that degree of detail? Didn't it take a few years and about $500M of cost for the replacement teams to get it right after these individuals were let go? I think it all boils down to intent. I believe that these are high integrity individuals in line jobs who were doing their best with the tools they had and the information at hand to deal with turbulent post-crash markets. I think this is unjust. With what we now know about Nortel’s financial reporting tools, and given the % variance in question, how could these individuals have been certain about any numbers to that degree of detail? Didn’t it take a few years and about $500M of cost for the replacement teams to get it right after these individuals were let go? I think it all boils down to intent. I believe that these are high integrity individuals in line jobs who were doing their best with the tools they had and the information at hand to deal with turbulent post-crash markets.

]]> By: Casual Observer http://www.allaboutnortel.com/2007/09/13/the-sec-comes-down-on-four-former-execs/comment-page-1/#comment-1839 Casual Observer Fri, 14 Sep 2007 03:41:28 +0000 http://www.allaboutnortel.com/2007/09/13/the-sec-comes-down-on-four-more-nortel-execs/#comment-1839 Why don't you mention they are FORMER Nortel execs ? Like anyone else, your blog's credibility is affected every time you post something that doesn't state the facts. Despite the new management's lack of a clear vision or strategy, as a shareholder, I think they have done a damn good job of cleaning house and will continue to do so until non-performers are weeded out. Mark - if your a Canadian you need Nortel to succeed so please be more factual. It will also help your blog in the longer term ! Why don’t you mention they are FORMER Nortel execs ? Like anyone else, your blog’s credibility is affected every time you post something that doesn’t state the facts.

Despite the new management’s lack of a clear vision or strategy, as a shareholder, I think they have done a damn good job of cleaning house and will continue to do so until non-performers are weeded out.

Mark – if your a Canadian you need Nortel to succeed so please be more factual. It will also help your blog in the longer term !

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