Nortel Insider – by Desk Jockey

The view from one Desk Jockey

Nortel revealed to be exploring bankruptcy options

with 6 comments

monopoly-bankruptcyYesterday, it was revealed that Nortel has been exploring bankruptcy options and soliciting legal advice on the matter.  This stands in stark contrast to the message of “Business as Usual” that has been continually broadcast on the loudspeakers to employees.  While it is refreshing to see that management does have a grasp on reality, it is nonetheless very worrisome  that they have been pursuing these actions while telling a completely different story to customers and employees.

Even more depressing was the fact that Nortel PR attempted to get the WSJ, the organization that initially broke the news about the dealings, to pull the story.  This shows that management is more concerned with perception than reality and would like to have their dealings kept in secret for as long as possible.  We will say this: People want to know the truth, even if it hurts, sooner rather than later.  Trying to keep a house of cards propped up for as long as possible only hurts those who dwell within.

More incredulous, however, was the response to this story on AAN. Many simply could not believe it, and blindly lashed out at the WSJ as spouting “rumors” and also attacked those that “leaked” the story.  More important than who leaked it is the actual story itself – if there was a whistle blower, I applaud his/her actions to bring the truth to light.

Today is a sad day in the history of Nortel, and such days are seemingly becoming more frequent ever since September 17th.  We only hope things will turn out for the best, but at this point, that’s all we have to go on.

Written by Desk Jockey

December 11, 2008 at 6:32 pm

Posted in Uncategorized

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6 Responses

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  1. […] » With all the bad news that Nortel has faced during the past week, including the very real possibility of bankruptcy and an NYSE delisting notice, it’s perhaps no surprise that some are wondering (and perhaps […]

  2. […] a comment » Ever since it was revealed last week that Nortel was exploring bankruptcy options there has been much discussion, both internally at the company amongst concerned employees, and […]

  3. D Day = 1/14/09

    Shadow Force

    January 12, 2009 at 2:46 pm

  4. […] official FAQ to employees, in response to the WSJ article that Nortel was seeking bankruptcy advice, December 11th, […]

  5. […] enough, and determined just as much as any employee to set things right.  But as time went on, and news began to leak out, it became obvious that their actions were far different from their words.  At this point, […]

  6. […] speculation has often been proven to be reality, even when it was vehemently denied by upper management.  I invite you all to analyze the […]

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