Comments on: Richardson Appointed to the Board http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/ All the News about Nortel Networks Thu, 09 Feb 2012 03:34:00 +0000 hourly 1 By: always_truthful http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-30729 always_truthful Fri, 03 Apr 2009 20:35:23 +0000 http://www.allaboutnortel.com/?p=2242#comment-30729 The first thing he should do is to fire Pearce and MZ The first thing he should do is to fire Pearce and MZ

]]> By: always_truthful http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13759 always_truthful Fri, 03 Apr 2009 16:35:23 +0000 http://www.allaboutnortel.com/?p=2242#comment-13759 The first thing he should do is to fire Pearce and MZ The first thing he should do is to fire Pearce and MZ

]]> By: More Deets About David Richardson | All About Nortel http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13664 More Deets About David Richardson | All About Nortel Thu, 02 Apr 2009 11:06:50 +0000 http://www.allaboutnortel.com/?p=2242#comment-13664 [...] hindsight, Nortel’s appointment of David Richardson as a new board member earlier this is, well, [...] [...] hindsight, Nortel’s appointment of David Richardson as a new board member earlier this is, well, [...]

]]> By: horace_grimswold http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13596 horace_grimswold Tue, 31 Mar 2009 23:30:49 +0000 http://www.allaboutnortel.com/?p=2242#comment-13596 Air Canada and its parent ACE Aviation is a shell game created to shuffle money between a bunch of ventures (Aeroplan, Air Canada, Jazz, etc.) in an obfuscated fashion:<br><br><a href="http://www.thestar.com/printArticle/551947" rel="nofollow">http://www.thestar.com/printArticle/551947</a><br><br>Hasn't Nortel been doing exactly that in recent years? Are we truly surprised to see they brought on an EXPERT at this to the board? Note to creditors: hire a forensic accountant ASAP.<br><br>The more things change, the more they stay the same. Air Canada and its parent ACE Aviation is a shell game created to shuffle money between a bunch of ventures (Aeroplan, Air Canada, Jazz, etc.) in an obfuscated fashion:

http://www.thestar.com/printArticle/551947

Hasn't Nortel been doing exactly that in recent years? Are we truly surprised to see they brought on an EXPERT at this to the board? Note to creditors: hire a forensic accountant ASAP.

The more things change, the more they stay the same.

]]> By: broadbandbill http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13584 broadbandbill Tue, 31 Mar 2009 20:00:52 +0000 http://www.allaboutnortel.com/?p=2242#comment-13584 Cramer on CNBC this morning talking about management compensation (singling out Kraft’s and ATT CEOs): “If you have any self-respect you give the money back because your performance is abysmal. I doesn’t’ matter what the contract says, it doesn’t matter what the compensation committee says; it matters what your own conscience says, assuming you have one.”<br><br>Also, he states that the real problem in corporate America is the severe lack of backbone on the part of compensation committees that only follow what others do and are almost single-handedly responsible for the creation of class warfare between management and employees. Are you listening Mr. Z? ...--bb Cramer on CNBC this morning talking about management compensation (singling out Kraft’s and ATT CEOs): “If you have any self-respect you give the money back because your performance is abysmal. I doesn’t’ matter what the contract says, it doesn’t matter what the compensation committee says; it matters what your own conscience says, assuming you have one.”

Also, he states that the real problem in corporate America is the severe lack of backbone on the part of compensation committees that only follow what others do and are almost single-handedly responsible for the creation of class warfare between management and employees. Are you listening Mr. Z? …–bb

]]> By: 4merEmployee22 http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13580 4merEmployee22 Tue, 31 Mar 2009 19:33:17 +0000 http://www.allaboutnortel.com/?p=2242#comment-13580 March 31, 2009<br><br>AIR CANADA CEO RESIGNS<br><br>Will Nortel CEO be next ??? March 31, 2009

AIR CANADA CEO RESIGNS

Will Nortel CEO be next ???

]]> By: Got_Out http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13559 Got_Out Tue, 31 Mar 2009 14:19:24 +0000 http://www.allaboutnortel.com/?p=2242#comment-13559 Now there is an interesting (ironic) twist....Frank Dunn wins his lawsuit, but there is no money (or Nortel) left to get paid his award! Now there is an interesting (ironic) twist….Frank Dunn wins his lawsuit, but there is no money (or Nortel) left to get paid his award!

]]> By: LoyalLoser http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13555 LoyalLoser Tue, 31 Mar 2009 12:16:16 +0000 http://www.allaboutnortel.com/?p=2242#comment-13555 Retired from the partnership in 2002- dodged the "Conflict of Interest" bullet there (technically). <br><br>More interestingly..... Is currently a "Director and Chairman of the Board of Directors of AIR CANADA"??????<br><br>Isn't Air Canada also on verge of Creditor Protection.... AGAIN! And he has been recruited to assist in the restructuring?<br><br>Oh yeah! Another brilliant business decision. It's was a comedy of errors (bad decisions) that got us here and the fun just never ends. <br><br>You'd think someone would stop the train and say, "Hey! It hasn't worked in 8 years. What are we doing wrong?" Instead of just continuing on hoping that same old knee jerk reactions will somehow hit the magic button and work now! Retired from the partnership in 2002- dodged the “Conflict of Interest” bullet there (technically).

More interestingly….. Is currently a “Director and Chairman of the Board of Directors of AIR CANADA”??????

Isn't Air Canada also on verge of Creditor Protection…. AGAIN! And he has been recruited to assist in the restructuring?

Oh yeah! Another brilliant business decision. It's was a comedy of errors (bad decisions) that got us here and the fun just never ends.

You'd think someone would stop the train and say, “Hey! It hasn't worked in 8 years. What are we doing wrong?” Instead of just continuing on hoping that same old knee jerk reactions will somehow hit the magic button and work now!

]]> By: protosphere http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13551 protosphere Tue, 31 Mar 2009 06:21:29 +0000 http://www.allaboutnortel.com/?p=2242#comment-13551 "Dr. Manfred Bischoff has decided to step down from the Boards of Directors of Nortel Networks Corporation and Nortel Networks Limited."<br><br>"has decided" to "step down" than they fired him?<br><br>How polite. I believe he didn't step down at all but was asked to leave. <br><br>If they restructure, is Burstoff entiltled to any restructuring bonuses I wonder.... =) <br><br>Besides, how could he have stepped down ...he wasn't slandered =) “Dr. Manfred Bischoff has decided to step down from the Boards of Directors of Nortel Networks Corporation and Nortel Networks Limited.”

“has decided” to “step down” than they fired him?

How polite. I believe he didn't step down at all but was asked to leave.

If they restructure, is Burstoff entiltled to any restructuring bonuses I wonder…. =)

Besides, how could he have stepped down …he wasn't slandered =)

]]> By: protosphere http://www.allaboutnortel.com/2009/03/30/richardson-appointed-to-the-board/comment-page-1/#comment-13550 protosphere Tue, 31 Mar 2009 06:02:28 +0000 http://www.allaboutnortel.com/?p=2242#comment-13550 Will DeRoma suddenly come out of retirement too someday I wonder? =) What good is Drinkwater if he can't push the Koolaid to the court? =) Manley is a lawyer too.<br><br>This guy suddenly came out of retirement coincidentally knowing E&Y and the guru yodda "advising organizations with respect to business and financial restructurings ...and provided advice to governments, regulators, lenders and major public and private corporations . Will DeRoma suddenly come out of retirement too someday I wonder? =) What good is Drinkwater if he can't push the Koolaid to the court? =) Manley is a lawyer too.

This guy suddenly came out of retirement coincidentally knowing E&Y and the guru yodda “advising organizations with respect to business and financial restructurings …and provided advice to governments, regulators, lenders and major public and private corporations .

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