Comments on: Two Years of Mike Z.

By: Casual Observer

Casual Observer — Sun, 02 Dec 2007 02:08:13 +0000

Okay Nortel employees, here comes year two of the forced ranking system ! Are you ready ?
Perhaps this was instituted in order for Nortel to get rid of older/higher cost employees. My guess is there will be a class action lawsuit at some point as Nortel continues to shed older/higher cost workers as more work moves to China and India.

http://www.abanet.org/irr/hr/spring04/forced.html

By: Nortel Watcher

Nortel Watcher — Fri, 30 Nov 2007 05:34:23 +0000

Two years of Mike Z is like two terms of George Bush. Bad hiring, controversial cabinet members, and poor results.

By: qwak

qwak — Mon, 26 Nov 2007 15:29:01 +0000

Mr Z’s record is awful to date, but here is my prediction.

1. Nortel will deliver a very modest profit in Q4 to follow Q3.
2. Z will continue to talk up all that he has accomplished.
3. Stock will go up a bit.
4. Z will get offered a new job by some private equity outfit in 1H08.
5. Z will leave Nortel touting his accomplishments and saying he has turned it around.
6. Nortel will then tank under Z’s handpicked successor, Joel “slap-happy” Hackney
7. Nortel gets broken up in 1H09. Z, when reached for comments, says that it was going great when he left it.