Mea Culpa
November 29th, 2004 Posted in Main Page
You've got to hand it to Nortel CEO Bill Owens who said today he is
“embarassed” by the company's failure to get out its restated financial
results. It's healthy to see a CEO admit to being anything other than
confident and/or arrogant. The again, Owens set himself up to be embarassed
when he vowed a couple weeks ago Nortel would have its results out by
mid-November. He obviously forgot the old adage of “under-promise and over
deliver”.
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