Comments on: Lots of Unanswered Questions

By: lostfaithandquit

lostfaithandquit — Mon, 17 Nov 2008 19:50:35 +0000

Let Mike Z. go and save the millions. The split can be handled as a financial transaction by Pavi.

By: lostfaithandquit

lostfaithandquit — Mon, 17 Nov 2008 14:50:35 +0000

Let Mike Z. go and save the millions. The split can be handled as a financial transaction by Pavi.

By: Desk Jockey

Desk Jockey — Sat, 15 Nov 2008 01:59:04 +0000

Dude, what are you talking about? The “prole masses” are the ones being screwed here, be it the stockholders or the employees.

And to insinuate that the employees “never stress over anything” is a charge beyond recognition. It is easy to point fingers from the outside.

By: John

John — Fri, 14 Nov 2008 16:56:17 +0000

“So, what would you do? Either you’re looking for another job outside Nortel, or you’re doing some serious brown-nosing within the company to keep your job or find another position. Either way, lots of Nortel employees are probably doing something other than being focused on work.”

Now translate that to the North American auto workers……..how well are their cars being built by workers constantly having their thoughts occupied with job security.

By: Desk Jockey

Desk Jockey — Fri, 14 Nov 2008 03:13:37 +0000

I feel sorry for you (never good to lose your job) but realize that many who are still with the company may get even less when the SS Nortanic finally dips below the surface…

By: Desk Jockey

Desk Jockey — Fri, 14 Nov 2008 03:12:30 +0000

Too much Lean Six Sigma and black belts running around spouting BS about DMAIC, all caught up and high on their own delusions to realize that the ship was headed for an iceberg.

By: fedupwithstupidity

fedupwithstupidity — Fri, 14 Nov 2008 02:57:05 +0000

During his time at NT, MZ has thoughtlessly and unimaginatively copied verbatim Jack Welch’s business philosophy, processes, tactics, strategies and HR system, which he learned while he was at GE. The irony is that GE has moved on in many ways from the old JW GE rule book that MZ is using. He says he was mentored by JW, but he didn’t learn anything other than JW’s methods (which can be obtained in a pocketbook at Chapters). As a matter of fact, he has done a very poor job in executing the JW GE management system. A true mentor of JW would ideally have learned how to create his own business strategy like JW did at GE, one that was properly matched to the uniqueness of NT; at the very least, they would have learned how to execute on the JW method. As others have commented, the JW system was developed to manage a huge holding company, but until recently, NT has been a matrix organization. Why did MZ wait so long to begin decentralizing NT? Especially given that he was applying a holding company model to a matrix org and was not a fan of a matrix org? The NT board and many employees were suckered in by the JW/GE mystique that MZ was selling. It was and is B.S. You cannot manage a company in a complex dynamic technology industry by ineffectively cloning ideas and methods developed many years ago for a very different company in a different era. The stupidity is staggering; the results are shocking and heartbreaking.

By: Another Nortel Watcher

Another Nortel Watcher — Fri, 14 Nov 2008 00:41:49 +0000

Yes, MZ can be sued. Suing him as a member of the board is easier than suing him as CEO. It won't hurt him personally because all officers of Nortel are insured against such lawsuits. However, if the insurance company feels that lawsuits are coming, they can apply pressure to the board to act.

By: Gail

Gail — Fri, 14 Nov 2008 00:10:48 +0000

Don't kid yourself. I was laid off Nov 6 along will several of my colleagues – remnants of the 2007 layoffs – with more to come. When will Nortel figure out that destroying peoples incomes is not the answer to their problems.

By: Keith

Keith — Thu, 13 Nov 2008 20:47:50 +0000

Has anyone considered Back to the Future, could BCE unspin Nortel and bring it back under the fold?