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Blogging from the Nortel AGM
It feels like the calm before the storm. The AGM doesn't start for another hour but shareholders are already starting to trickle in – I guess to secure the best view of Nortel CEO Bill Owens' keynote. The company is expecting as many as 1,500 people to attend but the PR folks suspect some people may decide not to come after reading newspaper reports the AGM will could last a long time. The conspiracy theorist in me thinks that Nortel may have an issued a press release last week warning about the length to deter the curious and the tourists from checking things out. As for the meeting, Nortel is alloting three minutes for each of the 11 shareholder proposals on the agenda. Shareholder questions will be limited to three minutes, although there apparently will not be a cap on the number of questions.