Mike Z Out At Nortel

Mike Z, the last CEO of Nortel, failed on three counts:
1) to rebuild a great company- instead he filed Chapter 11;
2) to re-emerge from bankruptcy- instead he undertook a sale of all its assets; and
3) to get maximum value for these assets- instead only one fourth of the company has been sold and that is under government review, and there is still no plan for getting maximum value from thousands of patents.

Employees, that have built the company and shown so much commitment to service and technology excellence over the years, have been left the task of turning off the lights.

Corporate greed has destroyed a great company and impacted employees, past and present, in so many ways. Very sad.