re: Canadian Regulator Probes NortelSo here's a Hobson's choice for you: are the people who run Nortel really, really stupid and incompetent (I mean come on, the bubble burst what, almost four years ago and they still don't have their act together?), or are they just Lucent-like, criminals?
Why is it that two of the top five equipment companies in the world are completely screwed up and can't find their asses with both hands? It is almost comical. It would be funny if it weren't for the thousands and thousands of families whose livelihoods depend on these companies.
re: Canadian Regulator Probes NortelIts not hard to figure out. Just look at the bonus figures for the top 30 Nortel employee's. They received those bonus's based on a return to profit. The BOD needs to clean house and get a real senior team.
re: Canadian Regulator Probes NortelThe behavior of LU and NT represent typical monopolistic behavior. MSFT does the same thing. Due to telecom economics, and the resultant years of "regulated monopoly" they enjoyed, their world view was to screw everybody and charge what they wanted for anything they wanted to sell.
This is how monopolists think. They do not believe they are doing anything wrong. They think they deserve to get rich selling junk becaue they are privledged. Anyone with a 2-year-old is familiar with this truly selfish line of thinking.
We need Mr. Market to kick these guys into growing up. They do need to leave their posts, as they do not know how to behave in this new era. They do not want to seem to learn, but would rather take all the money they can before they go to "spend time with family." The sooner we are rid of them, the better for investors.
Why is it that two of the top five equipment companies in the world are completely screwed up and can't find their asses with both hands? It is almost comical. It would be funny if it weren't for the thousands and thousands of families whose livelihoods depend on these companies.
Unfu_king believable.