Tag Archives: frank dunn

Paperworks Stalls Criminal Prosecution

Lost amid Nortel’s bankruptcy proceedings and the dumping of all of its assets is the fact that criminal prosecution against three ex-Nortel executives – Frank Dunn, Doug Beatty and Michael Gollogly – is still happening. The trio were charged by the RCMP in 2008 for allegedly cooking Nortel’s books to trigger a lucrative bonus structure. The [...]
Posted in Legal Issues | Also tagged , , | 50 Comments

The Board’s CEO Miscues

You can look long and hard at what Nortel’s board could have done or should have done, particularly over the past three years while it let CEO Mike Zafirovski drive the company into the ground. (And folks, let’s stop sugar-coating Mike Z.’s performance by citing accounting issues, the economy, fierce competition, the credit crunch, etc.) Just [...]
Posted in General | Also tagged , , , , , | 28 Comments

Frank Dunn’s Legal Woes

Given Nortel’s slow march into the abyss, a lot of people might have forgotten about Frank Dunn, the ex-CEO who was abruptly fired five years ago amid allegations of an accounting scandal. Since then, Dunn has been involved in litigation after being sued, along with several other Nortel executives by the Securities and Exchange Commission for [...]
Posted in Legal Issues | Also tagged , , | 27 Comments
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