Nortel: Who did it?
July 2nd, 2004 Posted in Main Page
According to the Wall St. Journal, Nortel Networks' books were cooked by senior executives. If this is accurate, you'll see the class-action lawsuits coming from miles away. The big question is who perpetuated the financial massage and why did they do it. Are we talking about fraud and criminal deceit here, or well-intentioned but flawed interpretation of accounting rules so Nortel could return to profitability. One suspects the answers are not that far off.
