4 ms·
We should also let Nortel know that cooking the books isn't a good look.
by unmole 3y ago
We should also let Nortel know that cooking the books isn't a good look.
- tw04 3y agoA year or two of abusing "bill and hold" should have absolutely resulted in the execs being punished (beyond Nortel just firing the CEO at the time), but it didn't cause the company to go under. Massive IP theft on the other hand...
- unmole 3y ago> Massive IP theft on the other hand... If that was the reason, Nortel should have suffered a slow decline, not a spectacular implosion. The accounting scam cratered the stock price, making it difficult for Nortel to access credit. The scandal also made customers wary of dealing with them. Add in the Dotcom crash and the GFC and you have all the ingredients for a perfect disaster, even without the evil Chinaman.