Comments on: Big Bucks for Nortel Executives

By: To All Nortel Haters: Your hatred is misguided « Nortel Insider - by Desk Jockey

Tue, 10 Feb 2009 04:05:58 +0000

[...] utter contempt for shareholders, employees and the public at large with their lavish bonuses and profiteering from the demise of this great company. Like hyenas and vultures they shamelessly seek to benefit from a disaster and in doing so, bring [...]

By: McBeese

McBeese — Mon, 09 Feb 2009 23:34:04 +0000

And by the way, management use of consultants is one of the surest ways to lose the respect of the employee base. It broadcasts a message of “We don't know what to do so we're going to ask people who have never done what we need to do what we should do.” The day that a company hires a McKinsey is the day that company jumps the shark.

By: McBeese

McBeese — Mon, 09 Feb 2009 23:29:18 +0000

Correct. The McKinseys of the world are editors, not authors. You pay them great sums of money to tell you what you already know. The happier you are with their output, the more clueless you were to begin with.

By: less

less — Mon, 09 Feb 2009 21:19:33 +0000

Ugh. Apropos of sliced bread: I remember when consulting/branding/imaging became all the rage during the yuppie 80s overseas.

Yer neighborhood bakery, with all of its 6-7 employess, was remodeled with chrome, mirrors, tile, bistro tables and halogen lamps, its workers stuck in logo'd uniforms, the CEO pro-actively policing his businesses in the flashy de rigeur Miami Vice couture du jour.

"This is 1985, buddy! I got with it! Bought a Real Car! It takes money to make money! What? Our donuts and pretzels are now smaller because its healthier for you! Plus, we buy and use less ingredients which leaves less waste, which reduces the strain on our landfills! Halogen saves energy!"

Its infectous. All it takes is a consultant to interpret your books in a positive light to make you rich, admired and, WTHey, envied.

By: exnt2

exnt2 — Mon, 09 Feb 2009 19:51:33 +0000

According to Dilbert: CONSULTANT is a person who CONs and then INSULTs.

I have seen this with McKinsey, Gartner, BCG etc. They just massage the same old chartware, put a spin and make it sounds like the next best thing from sliced bread. Only they never implement. And if you question them then they give you this look like you were a high school geek who knows nothing about business.

They have visibly even doctored their own reports to suit what the 'client' is looking for and charged big bucks north of 500/hr for it.

By: NortelSouth

NortelSouth — Mon, 09 Feb 2009 19:35:50 +0000

Layoffs in CALA will happen independently of the CH11 fillings. US based employees are reached by CH11 proceedings as far as I know. Employees from Mexico to Argentina will have severances because the local laws do not allow companies to fire people without paying severances. But it will not affect Nortel cash because there are not many employees in CALA offices outside Sunrise (around 600) and they have comparatively cheaper salaries and thus cheaper severances.

By: Another_Nortel_Watcher

Another_Nortel_Watcher — Mon, 09 Feb 2009 18:34:04 +0000

By: Another_Nortel_Watcher

Another_Nortel_Watcher — Mon, 09 Feb 2009 18:29:18 +0000

By: less

less — Mon, 09 Feb 2009 16:19:33 +0000

Ugh. Apropos of sliced bread: I remember when consulting/branding/imaging became all the rage during the yuppie 80s overseas.

Yer neighborhood bakery, with all of its 6-7 employess, was remodeled with chrome, mirrors, tile, bistro tables and halogen lamps, its workers stuck in logo'd uniforms, the boss policing his businesses in the flashy de rigeur Miami Vice couture .

"This is 1985, buddy! I got with it! Bought a Real Car! It takes money to make money! What? Our donuts and pretzels are now smaller because its healthier for you! Plus, we buy and use less ingredients which leaves less waste, which reduces the strain on our landfills! Halogen saves energy!"

All it takes is a consultant to interpret your books in a positive light.

By: exnt2

exnt2 — Mon, 09 Feb 2009 14:51:33 +0000