Nortel Executives Found Not Guilty On Fraud Charges 151
Following up on the earlier story about Nortel execs waiting for a ruling in their corporate fraud case, new submitter Unknown1337 writes "Something doesn't add up when a multi-billion dollar corporation loses it's value so quickly, but the courts have decided it wasn't intentional fraud by the executives that caused it."
Shows how good they were at creative accounting (Score:5, Informative)
Never work again. (Score:5, Informative)
Oh gee, how will they ever survive on the mere millions they've got in the bank? They might have to cut back right down to the bone, where they can no longer afford a new car every month, have to give up 3 of their 5 mistresses, and settle for only a gold swimming pool instead of the platinum one they set their little hearts on.
Nortel: victim of industrial espionage? (Score:5, Informative)
the rootkits employed on Nortel hardware were sophisticated enough to survive formatting [canada.com]. it wasn't until recently that Canadian Security and Intelligence Service became interested in the role Huawei had in Nortel's demise [cantechletter.com]
I suggest the story of Nortel's demise has not been fully revealed. Nortel presented with a sudden, public exanguination and it has been a mystery in Canadian IT industry. This is not just another "golden parachutes" story.