If blogging is about having a conversation, then All About Nortel fits right in. It’s great to see so many people so enthusiastic and passionate about Nortel – its successes, failures, prospects, troubles, etc.
That said, there have been a few comments recently that have crossed the line – and “the line” is pretty much mine to establish. If you want to make constructive comments about Nortel, its technology and its prospects, knock yourself out. But do not be surprised if everything else is moderated into the ether.
Are only positive comments acceptable? No more sarcasm? No more WTF? I will be seriously depressed Honestly, I sometimes just don’t know how else to put it.
Let me remind you of an old military saw that nortel seems to be unable to understand;
“Amateurs talk about strategy,
dilettantes talk about tactics, and
professionals talk about logistics”
Nortel can’t talk about strategy except to parrot the “hyperconnectivity” jingo.
Nortel can’t talk about tactics with people like Hackney not only able to keep their jobs, but get promoted in place of producing employees.
Nortel certainly cannot talk logistics with initiatives like six-sigma in place of compelling product, and ham handed off shoring of jobs coupled with ridiculous executive salaries.
Again sorry, I’ll try to be better
http://canajunfinances.blogspot.com Big Cajun Man
It’s to be expected, Nortel’s stock plunge killed many retirement funds (admittedly not as much as Bre-X, but…).
You just get the feeling that people want Nortel to succeed, but then they change their minds again?
Nortel may well come back, I don’t think anyone can say for sure either way right now, which makes it exciting to watch.
Keep up the good work.
Still a Nortel Slave
you are correct, most people did lose $$ in their retirement and 401K, and that money wont come back for awhile either. I think most of us feel betrayed and that is hard to overcome, which is why there is alot of “hate mail” towards Nortel.
Most of us who have worked so hard since (the fall of Nortel) 2000 with no raises (until recently) and the “wait til next year” attitudes, i think, still feel the need for retribution.
The sacrifices most of us have made have not been met by upper management, as they can do a crap job and still bathe in all the $$ they make.
I mean i can be CEO for a month and walk away with a million bucks as severance, c’mon!
Maybe Capt’n Z is showing how he can make up for the $11 Million is cost to get him to walk in the front door by buying $1 million in stock, so his losses are actually greater than mine now, but that Million he used was given to him to begin with, so it doesnt hurt him as much!
Ken
If you lost a lot of money in your retirement/401K because of Nortel stock then you need to blame your own greed/lack of investment sense. Some companies require matched 401K funds to be used for company stock purchases but Nortel doesn’t. So money in a 401K in Nortel stock was put their because the investor chose to do so. Its hard to feel sorry for folks that do that. Dito for the Enron folks that got to go in front of Congress and cry “I had all my money in Enron and I lost everything”. Yeah, really makes me feel sorry for them…
As for raises, it suxs not getting them. But if a company is losing money you should feel very fortuate that they aren’t cutting salaries. Actually considering everything Nortel’s been through I’m personally quite pleased with how they have treated employees money wize. We didn’t take cuts in salaries, and we had some raises, and bonuses all while the company is trying to get back on its feet. Pretty impressive in my books. All the layoffs/outsourcing is a different matter. But even that I can understand from a cooporate level (i.e. lower R&D cost).
Love the Comments but…
If blogging is about having a conversation, then All About Nortel fits right in. It’s great to see so many people so enthusiastic and passionate about Nortel – its successes, failures, prospects, troubles, etc.
That said, there have been a few comments recently that have crossed the line – and “the line” is pretty much mine to establish. If you want to make constructive comments about Nortel, its technology and its prospects, knock yourself out. But do not be surprised if everything else is moderated into the ether.