Mike Z.’s Newest E-Mail

By Mark Evans | Published: March 12, 2009

Team Nortel: As you may have seen in The Wall Street Journal this morning, the media continue to speculate on our current situation. Although this is one more of the many stories that continue to be written about us, I want to take a moment to put their commentary into perspective.

Typically, we do not comment on rumors in the media, and I will not do it here either. However, I want to speak to you directly about our status and plans, so you can have the latest actual information. Let me reiterate that our process remains the same one Pavi and I discussed at the last global GIS and on calls with our ELT.

We have made every effort to stabilize our business, and in general, this is being accomplished with strong support by our customers and committed efforts by you, the Nortel employees. We are continuing to serve our customers well, which is in the best interest of all of us. And, we are now developing a business plan to present to creditors and the courts that will determine our future.

As we shared with you on February 25, we expect this plan to be ready internally in the late March timeframe, with creditor reviews in later March/April. The restructuring of Nortel is a complex process that requires thoughtful analysis of the various possible paths open to us. As I have said before – and which the Journal story also emphasizes – there is much still to be done and decided. As soon as we are able to share more information with you – including our go-forward plan – I assure you, we will.

Most importantly, we must continue to focus on customers as we go through this process. We must continue to tell them that Nortel is open for business. And, we must continue to focus on the work at hand. That is the only way forward, and thank you for the strong efforts and results on these fronts since we filed.

As always, thank you for all you are doing for Nortel and our customers.

Mike

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danman

(PROTOSPHERE) I'm posting this reply at the top of the page above so you have no excuse not to answer.

I really do think you suffer from Schizophrenia or another mental disorder. The proof is all in your blogs. Only recently did you write above that you are more than confident Nortel will survive.

Than you turn around and post that they do not have a chance. Stop flip-flopping and get the story straight in your mind, for your mental health and for the sake of this blog.

This is what you wrote yesterday in this very blog…
“and today I have never been more adamant contrary to these ongoing claims above that Nortel will not emerge from bankruptcy.”

Haha… translation in basic English. Please correct me if I’m wrong smart man…

“and today I have never been more sure opposed to these ongoing claims above that Nortel will not emerge from bankruptcy”
less

By that measure Mikey and his fans could use some pills, too, I Believe.
.
danman

P.S: To all the bloggers out there. Please weigh in on this savage. Tell me what you think.
TongueInCheek

It's very simple. Every single thing Nortel does will always be wrong and bad, because Nortel must be destroyed. It's like a cult. He's been like this for more than 4 years. He gets quite emotional about all of this while making tons of attacks and false accusations against people that do not agree with him.
Chew_117

TIC, that might be the case, however, when reviewing past blog statements (including yours), he appears to be more right than wrong...
Desk Jockey

I agree, TiC tends to dismiss media reports as "speculation" and then ends up with egg on their face:

"With $2.6 Billion is cash, they can easily afford the interest payment. The bankruptcy statements are pure speculation." - TongueInCheek, Jan. 12th, two days before BK filing.
Nortel watcher

Chew, I agree with you...the only thing TiC has right is the timeframe of 4 yrs and Proto has been dead-on with his NT analysis
Got_Out

The Z's message is quite simple
- dont listen to rumours, I'll tell you what you need to know, when you need to know it
- keep your head down and work, work, work

His credibility is entirely based on his track record of action, leadership and communications. Strike one, Strike two, Strike three.......

Sadly, Im sure that he gets enough "arent you great" from his inner circle of cheerleaders/bootlickers that he doesnt see what's really going on inside the company with his own people. And even more sadly, he doesnt appear to care enough to find out, let alone do anything.

Given he and the leadership team have generally hidden from the Financial Analyst, Market Analyst and Media communities its not surprising that Nortel (and his) credibility isnt much higher outside the company.

Regardless of how this goes (smaller company or complete liquidation), his days are numbered. While all will be nauseated by the dollars he'll walk with, what he wont walk away with is what he most wanted - "The Greatest Turnaround in Business History". Cushioned landing on his wallet, but the ego will hurt for as long as the media and academic communities continue to rehash the final years of what was once a great company as it hit iceberg after iceberg then sank with the captain still calling for more speed. A Harvard Business School Case Study and an "Air Farce" sketch all rolled into one.....
InTheRoundEye

"This is not a closing or liquidation. Chapter 11 of the Bankruptcy Code allows a company to reorganize its business affairs so that it can continue to operate. It is a process through which the company can strengthen its balance sheet, create a more efficient expense structure and, we believe, ensure that we are better positioned to compete more effectively. We hope to emerge as a stronger, more competitive company."

Nortel 2009? Actually Circuit City 2008.. I just love that last line.
NTdown

Asian black belts became hyperactive since last Nov, they are desperate to show values here and there.... I wonder if NSN or Avaya need these great guys to help "improve" performance through damn LSS.Come on, bb, don't just hide in office, will u guys face customer in person? Z man told us ,we must focus on customers!

BTW, I feel like throwing up at the Z pic, literally.
AcrimoniousAl

"Focusing on the customer" and "Talking to the customer" are Z's favorite euphemisms.

BTW, in some parts of Nevada it's legal to hire a "consultant" to talk to your customer.
Got_Out_Years_Ago

This pretty much sums it up.

http://www.fool.com/investing/value/2009/03/12/...
Theleftbehind

see this
is this a joke? ARE YOU A FAN OF NORTEL?

http://community.nortel.com/go/blogs/buzzboard/...
InTheRoundEye

You really have to hand it to Bo for trying!
Got_Out_Years_Ago

awesome. A total of 44 fans on Facebook. Actually the largest Facebook fan base for NT is the ExNortel page, with about 1300 fans.

There are 2 Facebook sites for CSCO, with a total of over 17,000 fans.

Good luck with that
Got_Out

Actually, Mike's message is pretty clear - dont worry about rumours, keep working hard. Trust me, I'll tell you just after something happens.

If he had any credibility or trust with anyone other than his acolytes, it wouldn't be so embarrassing obtuse. Only someone who is totally engrossed in his own smoke screen and completely out of touch with the organization he's supposed to be "leading" would actually believe that his so called "communications" have anything other than comedic value.

Rather like Mr Pitt from several Seinfeld episodes - "We will drive the stock price high!!" (delivered with a Hitler moustache)
McBeese

Mark - you torture me every time you post that face. The damage that man has done to so many careers and so many families makes me feel ill every time I see his picture.
broadbandbill

Agree, the face of a soul-less person; enough!..--bb
NortelGal

That is obviously an old photo. Mikey isn't smiling quite so much now!
protosphere

For those that know me for swimming against the tide over the last few years, it was not it was not easy. =) I could have just watched than added my 2 cents without the politics and antagonism.

I argued the delayed restatement deadlines fluking within 3 days, I threw a fit the spit second triple profits were announced, I reiterated how reverse splits tank stocks, warned of inevitable bankruptcy, maintained MENS would not be sold early, etc., etc., etc., and today I have never been more adamant contrary to these ongoing claims above that Nortel will not emerge from bankruptcy.

Whether the CEO is relentlessly and unrepentantly hopeful, actually believes what he says, or lies with intent is hard to say. History does his credibility no favors though if I may be so crass.

As for the good employees, I believe we need to get the good Nortel people who need to work back to work. They are among the best in the world and even Chambers knows this!

Why don't the employees finance cherry picking parts of the company they know will fly beyond all odds in a bid backed by the EDC!

All EDC requires formal and researched plan!

If anyone has any better ideas post them.

Something terrible happens if we don't think, nothing.
danman

are you suggesting nortel comes out of bankruptcy stronger than ever?
flygoose

商女不知亡国恨，隔江犹唱后庭花。

mem in China
Nortel_Sucker

Judas Z is the bottom feeder of the Corporate world. This guy is a weasel and scumbag. Voted worst CEO of 2008 for a reason. Will top the list in 2009 again.
Bail out will you can still get vacation pay and part of your pension.
Don't do it with dignity because scumbags like Judas don't deserve any respect.
Rot in hell with all the other low lifes.
Moose_Chaser

With APOLOGIES to Desk Jockey....

Here is the latest video, just in from the corporate Headquarters
at West Mall :

http://www.youtube.com/watch?v=I4khXkE5gEI

Moose Chaser
Glad_I_GotOut

Actually chapt7, if Siemens ended up with Enterprise, should not be too bad as they have very little sales footprint in N.A. May be bad for R&D in Canada, but Sales force, or what's left of it, could benefit from that. If it is Avaya, line em up!

Interesting that IBM is not mentioned as a suitor because that is a rumor that is still running pretty hard inside Nortel.
S_O_S_This_is_HMS_Nortel

Why was he in a such haste to issue such an empty email either denying or confirming the news ?

Plan to be available in late March ?....KEIP to be considered on March 20 ...hmmm. Is there a need to approve KEIP if the LOBs are cut to pieces and sold off now ?

Wait, Z is not in KEIP ..Is he ?...Pavi, CRO, CFO..bonus can be up to 184%...

Hmm
chapt7

Wireless to Nokia Siemens (Sue Spradley is former NT Pres and current NSN Pres) and Enterprise to Siemens and/or Avaya and employees to the unemployment line.
bankrupt_bob

It just occurred to me how much Mike Z looks like the proverbial "used car salesman" in his photo. "Have I got a deal for you! It was only driven on Sunday to church by an eighty year old lady." ;>)
Moose_Chaser

I am SOOOooo tired of this charade ! Words have become meaningless !

They talk about INTEGRITY...I don't see any...

The only reason any employees are still at Nortel is because no-one ELSE is
hiring !

Does anyone really believe what is being said anymore ? Moose Chaser
Still_waiting

Your commit about no one else is hiring is true at this time in my area. I had an interview slated for last week but I was given a courtesy call stating that the job I was interviewing for was frozen. I have an job offer but it is out of state and my wife would never move because of family and we have been preparing for life after Nortel since 1998. I know for a fact that the majority of my peers are looking and will take an substantial cut in pay to be free of the sword hanging over their heads each and every day. Enough is enough especially when the SLT will be eligible for KEIP/KERP after the March 20th decision. We, the engineers are running out of juice, time for a change of venue. Too many ,thank you for all you are doing for Nortel and our customers and too little conpensation for our effort.
Nortel watcher

Still_waiting,

I couldn't make sense of the following:

"....the majority of my peers are looking and will take an substantial cut in pay ...."

"....too little conpensation for our effort.."

If you know you are overpaid when compared to the job market, then you can't say in the same breath that your NT paycheque is insufficient for your effort.

Nonetheless, you guys are indeed what's kept and is keeping the company going. Good luck to you.
Still_waiting

Any remark I make is frustration, plus sick and tired of being sick and tired. Yes, I am also looking at opportunities that interest me that will separate me from this current debacle. I can not control what this management team does but I can control what I do.
Still_waiting

The substantial cut in pay remark, I was trying to make a statement that engineers are entertaining any type of position to get out of this situation. Actually, a peer engineer found a postion in another state with a pay increase and left the company a couple of weeks ago. Too little compenstion remark is probably because I am still frustrated over the potential 183% KEIP payment the upper management can collect while I am working constantly over 70 hrs plus a week. No one at Nortel deserves a BONUS at this time. According to the market anaysis performed by Nortel, my salary is inline with the rest of market .
scalpcutter

You are dead on with that.
They still continue to pay reward and glorify useless, bloated, overpaid execs, managers and yes even rank and file too much for too little impact. It is all about who you know and how deeply you are burrowed up somebody.
The useless keip, kerp and krap awards are totally useless.
I think DJ needs to post a new video.
Monty python meaning of life.
In the restaurant when the big guy is throwing up all over the place. The dialogue between him and the waiter could really be used to the advantage of DJ.
Think about it.
Nortel watcher

Does anyone have an idea of how many director level employees have been let go at NT during the latest 2 rounds of layoffs?
Folks, this is for the purpose of illustrating that the buddy system in NT is alive and well.
WhySoSerious

Here is Lisa, your friendly Chief Compliance Officer, rockin' her Tina Fey glasses : http://www.nortel.com/corporate/exec/gressel.html

She can comply with me, anytime, if you know what I mean...
McBeese

Oh YAAAAYYY! Another GEnius. That ought to REALLY help Nortel. Those GEniuses already on the payroll have done so much good already! What is her role? To make sure that the other GEniuses hold the stake properly when they pound it through Nortel's heart?
upset_with_NT

umm... I bet you work at QC for NT....

you gotta be kidding...
Still_waiting

Dude, at the risk of sounding callous and shallow, you need your glasses check.
Moose_Chaser

Another GEnius, I see.....Moose Chaser
felixmk

He did not say the story was wrong, he just said "blah blah blah yadda yadda as always thank you for allowing me to continue to collect my big salary." I am sure Deskjockey has his pick of Hitler movie scenes to portray this worthless Zmail.
protosphere

Seems like the Globe picked up on this too.

http://www.theglobeandmail.com/servlet/story/LA...

Nortel in talks to break up instead of trying to rebuild -March 12, 2009

In a move that would end one of Canada's oldest and greatest business sagas, Nortel Networks Corp. is looking to break itself up by selling off major divisions rather than trying to rebuild itself under bankruptcy protection...
MyHeadHurts

Considering he used the words "As you may have seen in The Wall Street Journal this morning", the key being "THIS MORNING", I'm going to go out on a limb and say the Nortel PR machine leaked the details of potential asset sales to the WSJ and others.

This follows the idea that Nortel is checking to see what reaction this plan generates. If there is a hostile reaction to breakup, or particular asset sale they may change plans.

Communications always vets the emails before they hit the employees. Legal must approve of the content before it can go out. So, unless MikeZ has the ability to override the legal team, I would say this was cooked up to go out. If the message was released a day or two later, then, my hypothesis would be wrong.

This is what you learn in Business School 101 :)
stillatnortel

Mike Z is the new Baghdad Bob
WhySoSerious

"There is no presence of Bankruptcy infidels in the city of Ottawa."
protosphere

http://www.reuters.com/article/marketsNews/idCA...

Is looking to get a sense of what units are worth

Nortel wants to present a "concrete" analysis of its assets to its creditors in April

The source said on Thursday that in order to get a detailed picture of what the divisions may be worth, Nortel has reached out to potentially interested parties to gauge possible prices.

The comments came amid media reports that Nortel could be broken up and sold, rather than have the company emerge from bankruptcy protection, as interested parties make offers for its core business lines.

Nortel spokesman Mohammed Nakhooda declined comment.

A second source also told Reuters on Thursday that Nortel has held talks with Nokia Siemens Networks regarding some businesses that Nortel plans to sell, but no decisions have been made on either side.

Analysts had speculated the division, which includes Nortel's optical and carrier ethernet technology, could fetch as much as $1 billion.

The business -- which accounts for roughly 14 percent of Nortel's revenue -- was put up for sale in September, but no bids materialized.

____________________________________________

I think everything is hard to sell.... not good.
danman

anyone else think the following...?

1. Nortel will sell divisions and generate billions of $$
2. The creditors will be paid off
3. Nortel will emerge from bankruptcy and the stock price will rise.
protosphere

absolutely, everyone !
Now run out and buy as many shares as you possibly can
lardo

If this rumour is confirmed on the following weeks, does it mean that people already laid off and future ones may expect to get some money for their severance package of if this is only a dream of?
protosphere

if it looks like a duck, walks like a duck, and quacks, what can it possibly be?

secured creditors get paid first
unsecured last /severances are unsecured

creditors are big guys they need for approval to burn more monry and bonuses and such
employees are little guys they tell to work hard as they cut these severances and gag like their shareholders/ analysts after telling them a reverse split would entice institutions in a 3 to 5 on track plan or $20 is a buy etc, as they promote pals and fraud trials loom etc...

today they said they don't comment to downplay...

got it yet? don't hold your breath. This is Nortel we're talkin here
danman

no i don't "got it". Your english is at the same level as tony montana off the boat.

"secured creditors get paid first
unsecured last /severances are unsecured"

this is under the assumption they are going to file for bankruptcy, which they will not. Once they sell off even half the company's divisions the creditors will be paid off. so say by by to the creditors and say by by to bankruptcy.
protosphere

How intelligent. but I was responding to your other ID lardo

what do you mean "say by by by?"
did you mean buy or bye

...and who is the heck is tony montana or is this another feeble at racial slur you displayed on Yahoo that got you banned and all your posts removed?

Who else short of having incurable encephalitic syphilis would pump this corrupt corpse at this stage of the game

I almost feel embarrassed to stoop to your level of pathological idiocy to even reply but in the rare event anyone remotely considers being scammed into buying a bankrupt stock , the TSX should allow to trade, I had to add my uncivil 2 cents to expose your integrity and brilliance

bye bye
danman

I really do think you suffer from Schizophrenia or another mental disorder. The proof is all in your blogs. Only recently did you write above that you are more than confident Nortel will survive.

Than you turn around and post that they do not have a chance. Stop flip-flopping and get the story straight in your mind, for your mental health and for the sake of this blog.

This is what you wrote yesterday in this very blog…
“and today I have never been more adamant contrary to these ongoing claims above that Nortel will not emerge from bankruptcy.”

Haha… translation in basic English. Please correct me if I’m wrong smart man…

“and today I have never been more sure opposed to these ongoing claims above that Nortel will not emerge from bankruptcy”
scalpcutter

I think what he is saying is this.
Yes once they sell off the company division the creditors will be paid off. But the big boys will be paid off first and they probably owe the big guys around 11 billion dollars. Therefore we know the big guys will get less than half of what they were owed, and even less than that after the lawyers. The poor schmuck rank and file employees are on top of the 11 billion. They are last in line and unfortunately they will get nothing. This is likely the sad reality of the situation. Sorry to Say.
horace_grimswold

if NSN or Company X or Company Y pays more than the secured creditors are owed, they're fooling themselves.

Picture a cigar-chomping smoke-filled backroom with executives from both Nortel and its suitor hammering out a deal. They're working hand-in-hand to come up with a plan and get this damn bankruptcy thing over with. They'll collude, then approach the bankruptcy judge saying "please approve -- this is the best we can do" and the amount offered will magically equal the amount owed by secured creditors. Surprise, surprise!

And you thought the acquiring company will be feeling altruistic to those unsecured creditors who threw their money at full risk towards Nortel? Fuhgettaboutit! And if the suitor does throw money around wildly and overpay, you have the next stock that you can short sell picked out for you.
McBeese

"Picture a cigar-chomping smoke-filled backroom with executives from both Nortel and its suitor hammering out a deal."

Thanks to DJ, I picture them in more of a bunker setting than a back room setting.
protosphere

And to think Cisco and Nortel use to spit at each other behind closed doors years ago.

Today Cisco casually peruses the goods for sale to say no thanks =)
protosphere

"Typically, we do not comment on rumors in the media, and I will not do it here either."
So did he untraditionally comment when downplaying rumor last time too?

He frantically migrates from "speculation" to "storys" to "commentary" to "rumor" in desperation yet he won't dismissing as false either

So what's his point? He says he wants to "put it in perspective" ?

Well, "developing a business plan to present to creditors and the courts that will determine our future." ...says says it all. However, the most important aspect is approval.

He should have mentioned this forever eluding plan (with compound interest and costs mounting) is already stalled with the courts which doesn't humor these creditors. Let alone addressing the very employees that aren't humored with their severances

What a futile exercise, the more they talk the more they put their foot in their mouth, like the "strong customer support" punchline as we witness their trend pre-bankrupt let alone today. Green Hackney in Enterprise down 30% as his veteran proven predessor works for Cisco. booming into bankruptcy post a $20 buying opportunity what foirecasts and downplayed this like bankruptcy or revisions when they also get bonuses on the business units they sell or financial innovation, nuff already Mikey, stick a sock in it. No one believes you anymore, the townspeople's sicke's aren't for the wolf anymore !

I'd believe the journal before these guys or their forecasts any day, at least the journal has proven credibility
horace_grimswold

The 'Journal was the first media outlet to report that Nortel was exploring bankruptcy as an option back in December.

Do the Nortel executives find out about what's happening at Nortel by reading the 'Journal? It's further ahead of the curve than most Z-mail updates are.
bankrupt_bob

This is kinda like when they siad, "We're not really going into bankruptcy protection, we're just exploring our options," right?
Ibelieve

Extract from Mike's Z Mail from 12/18/2008 remember all this while they where letting go employees he knew will not get paid. and the Media was talking about Chapter 11:

" also know, that as we work to reassure customers and regain ground, the speculation out there will continue. And, even potentially intensify. We are focused on our own coverage, but if you read the papers what you will see is speculation about multiple sectors and multiple companies. It is a sign of the times we are now living in. There is no easy way to put an end to the rumors. Frankly – only actions, not words will help Nortel."

Also:

"In the coming weeks, around the world, I hope you will spend time with family and friends. Take time to look back on 2008 and be proud of your accomplishments. But also look forward. We know 2009 will not be any easier, and the media will not be any kinder. But, we also know that Nortel is filled with the most resilient, determined and talented employees in the industry. Let's start the New Year with a renewed passion for and focus on what lays ahead."
McBeese

Here is an analogy for the Nortel situation up to the point we're at today:

- A large plane is flying across the Pacific, it left the West coast full of Nortel BoD members, shareholders, employees, and Mike Z and his cronies.
- Part of the way through the journey, it was revealed that the pilot either miscalculated the fuel load or he lied about it. Without waiting for an investigation, the BoD members threw the flight crew off the plane.
- The BoD appointed Bill Owens to act as pilot and fly the plane because he had worn a uniform before.
- Owens left the plane on auto pilot and sat in the pilot's seat looking important. He checked the fuel guage and confirmed that the plane did not have enough fuel, but by now everyone realized that Owens could not fly the plane.
- Mike Z was appointed to turn the plane around and fly it back to Profitability Airport. He was chosen for the job because he had once ridden in first class on a plane like this and hadn't caused it to crash just be being there. The first thing he did was give parachutes to the remaining airline employees and throw them off the plane.
- Hackney cut in front of a young woman in line for the bathroom. When she protested, he grabbed her face and said "I'll do as I please". When Mike Z was told of this incident, he dismissed it with a "Whatever, Joel and I are too important to be bothered with trivial matters like assault" comment.
- Mike Z and his cronies now had control of the cockpit and were randomly pushing buttons and turning switches trying to get the plane to turn without any luck. By now, one of the engines had run out of fuel and the plane had begun to descend.
- The shareholders were in window seats and began to complain that the plane was descending and there was no turn happening to get them back to Profitability airport. Mike Z and his new flight crew had a strategy meeting and decided that the best option to address the shareholders concerns would be to throw them off the plane. It might lighten the load and make the fuel last longer.
- The remaining passengers, the Nortel employees and the BoD members, were getting a little uneasy because another engine had run out of fuel. The BoD members in first class were complaining that since the two engines had stopped working, the cabin heater was not working anymore. They decided to tap into the remaining fuel to run the heaters so that the BoD members would be comfortable.
- Still without a clue how to fly the plane and turn it around, Mike Z decides to take further action to buy them more time - "Joel, start throwing employees off the plane to lighten the load. Keep the remaining parachutes though, we might need them for ourselves!"

To be continued.

... and so the Nortel plane continues to fly off in the opposite direction from profitability.
Disgruntled_ex_employee

Ahhhh .. this was hilarious !!! couldnt have put it in a better way
McBeese

You know, I wrote this trying to be funny yet when I re-read it it is painful to realize how on target the analogy is. How could the BoD not have comprehended how much damage this leadership team was doing? Are they really so incompetent that they couldn't tell that there was no credible strategy in place? Were they so seduced by the pirated buzzword 'hyperconnectivity' that they happily collected their compensation and didn't bother to look under the covers? The story behind the Nortel BoD is a looong way from over. I foresee many lawsuits in the not too distant future.
McBeese

Btw, John Manley is the ultimate disgrace amongst the Nortel BoD. He was recently quoted as saying he "didn't sign up for this." What a coward! What DID he think he was signing up for? A gravy train?

Imagine if Chesley Sullenberger said "I didn't sign up for this" and bailed out of the US Airways flight over the Hudson River when birds killed the engines. John Manley - and every one of his fellow directors - are a serious disgrace and are responsible for the destruction of a century old company and thousands of careers.
Desk Jockey

Well written! Though it is sad that humor is providing the best commentary on this whole situation. It really shows how laughable this management is, everything would be extremely funny if it were not so tragic for so many people involved.
S_O_S_This_is_HMS_Nortel

So true, so true..nicely told sir !

You forgot the part when the Admiral told Z "For you to take her down!"
NortelGal

Hilarious, and absolutely dead on.
angermanagement

Brilliantly observed and reported!
Baudelaire

Thank you for all you are doing for All about Nortel
longgone

Zschitt
angermanagement

We're not going to comment on media stories, except to comment on this one that we're not going to comment except to say that we have everything under control and please get back to work.
Guest

How much time will be spent today explaining away this embarrassment?
20yrsNT

Once again the typical blah, blah, blah!! Does he really believe that he has an ounce of credbility with any of us remaining, or departed for that matter???
EmployeInChina

he said nothing!

Mike Z 的英文书写能力一流，全是吹牛，嘴里喊着激昂的口号，背地里不知道干着什么！！
爷爷不陪你玩了，爷爷去NSN了。
OldBNR1

Exactly!

From Google translate:
Ability to write in English first-class, all are bragging, passionate mouth shouted slogans, secretly do not know what do! !
Grandfather did not accompany you to play, and Grandfather go NSN
CommonCents

Wasn't there an email dismissing a Bankruptcy article by the WSJ a month before it happened. There is a pretty good track record of the accuracy of these articles.
slk

Yep. And Z-man came out with a Z-mail right away and denied it, much like this time.
qwertyuio

Got it. The selling is going to happen in April.
tryn2makealivin

So what are your thoughts? Is Z and the Hacker secretly leaking the info to WSJ to drive bids or is there someone high enough that shares the love for those two like many here do that is leaking?
Purpletip

There is definitely a "deep throat" (circa Watergate) somewhere. He/she may not be identified until 2050 though.
stinkyfoot

Another possibility would be a leak from E&Y since they were involved from last September.
gone2moro

How does one respond to a trite email like this?

... Liar, liar pants on fire?
Asset_Number_XXX

He didn't lie because - as someone already mentioned - he said nothing.
I know who I'd believe if I'd hear conflicting stories from M.Z and WSJ.

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