Sponsors

HD Voice News

Nortel CEO Mike Zafirovski finally departs – Took you long enough

To the surprise of no one, Nortel CEO Mike Zafirovski has departed his sinking ship, just before the final pieces of the wreckage are sold off to the highest bidder. He leaves “at a natural transition point” as the company is broken apart in bankruptcy and it reports double the losses it had last quarter, due in part to reorg costs.

Z blames the final disaster on the economic crisis, but that is a easy way out for poor marketing decisions and failing to trim costs sooner.

Be Sociable, Share!

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>