By: Jamez4all

Jamez4all — Thu, 10 Nov 2005 05:58:35 +0000

Who can not help but love a man like Mr. William Owens with a passion, hold the greatest respect, admiration, and affection for someone with such a high degree of tolerance, calm, and dilligence behind a wisdom too few if any will ever acquire.
I most strongly feel anyone else could have not steered Nortel anywhere as well as Mr. Owens in the turbulent waters Nortel found itself in, embrolied in fraud battling rapid demise with endless investigations. Too few could have weathered the internal heated code red poltics better than this iron man. Anyone else would have had exponentially more dire consequences on NT, exponentially, including our bright and eager Mr. Zifirowski.
Mike Zifirowski was at the right places at the right times according to his “track record”. Mr. Owens earned the multiply more degrees and social rank but he was at the wrong place at the wrong time with NT. As is Mike now. Nonetheless, Mr. Owens pulled the impossible feat of restoring stability amidst heated debate and directionless turmoil of Notell's internal politics, a supernatuaral event of maintaining Nortel's viability in the very throws of external outrage and attack no one could have survived, absolutely no one.
Mr. Owens is an ethical, moral, honest man and is only too proud to give credit to a higher power driving him, openly sharing his views on his spirtuality. Aside from his exempliary technical degrees and background, Mr. Owens also holds degrees in Philosophy to back up his reasoning, logic, and truths in what he firmly believes. He is no more a megalomaniac or lunatic than was Gary and just as well he leaves politely or who klnows what Nortel would slander him with as they did Gary =) HIS LEAVING WAS SOLEY BASED ON BEING AT THE WRONG PLACE AT THE WRONG TIME AND THE INEVITABLE EVENTS NT FACED AND FACES ( a universal lesson I hope Mr. Owens doesn't feel badly for in any way).
After all, we all can't win a lottery like Roth did =) As Mike will soon learn what it is like now to be at the wrong place at the wrong time too if his lawsuit and more realistic views on NT's challenges havn't already taught him or woke him up to his premature optimism =)
Can we use a man like Owens as Prime minister? He would thwart any Trudeau-mania here or JFK-mania in the U.S. in a heartbeat. What you see is what you get with this man. Solid, honest, undying passion, a will that would dwarf Alexander the Great's, with a modest and humble disposition accepting the fact he is only human. ( I question his mortality though, if you'll kindly excuse the pun)
It is ironic, and perhaps a lesson to be learned here, that the most sinister corporation I have ever witnessed hires such an exempliary high profile moral person to represent them during their darkest hour. A company who defrauded the widows and orphans out of food money and shelter trusting this blue chip's financials to be foreright and honest, like in a bank, especially after a recount, a restatement, let alone a restated restatement still being unreliable after a year in silence and delay.
Business was seemingly booming with large orders, almost a billion in profit, a monster rally was in session trading with a market cap larger than the Royal Bank's at a 47XP/E the analysts warned about let alone on bogus numbers. Fraud, just so they can get their immediate cash, cash bonus than traditional stock options. What a sham hit Nortel, a trainwreck.
When this bomb dropped, they fired CEO and controller and opnly after several months later fire 7 more senior financial people on formal announcement of a criminal police investigation. Later, the board finally stepped down in a timed fashion and under plead bargain to speed an inevitable court process and got 3 years to repay the cash bonuses they approved and received, it was hysterical trying to have them deny obvious red flags at the shareholders meeting rolling over on those they held “close relationships” probably those who believd this whole process was “unfair” (hint) Since then, we have witnessed the sudden departures of Daichendt, Kunis, Deroma, Collins, and now Owens, all the high profilers and heavy weights are gone as the vast majority who orchastrated this entire mess remain, in silence on their councel's advice as the wheels of justice turn slowly. The brokerage firms arn't refunding the money to the ageing defrauded chronically suffering in silence, they are at the mercy of the courts and Nortel. The gravity here can't be underemphasized.
A company in this position having a new CEO sued from day one for not honouring his contractual obligations with a previous employer who passed him by drew many jokes in irony. He is bright and alert, well liked, and was at the right place at the right time to have acquired a seemingly good track record. So why didn't Motorola keep him? Why did he violate the contract? Who knows…
To please the market and perception due to negative events that anyone else could not have handled, not unlike positive events or the same reason Mr. Z is seen in such good light, Mr. Owens suddenly left too. Nortel is always wrong with the decisions it has makes, one lie has led to more. Nortel is a fraud trainwreck. Mr. Zifirovski is at the wrong place at the wrong time now as was Mr. Owens then… just watch how long this one lasts in this CEO turnstile…. The decision for anyone to repace him is only too typical of this laughing stock.
I'd be proud to have a PM like Mr. Owens anyday, anyday! I'd somehow feel a little less comfortable having Mike Zifirovski address the nation or sign contracts on our behalf =) I can't see him attending the prole Chalpeau Legion either and if he did it might have been a lot more confusing for everyone there including him as socially acclaimed as he might be. =)
God bless Bill, I wish him the best, As for Nortel, they can go to hell. Pay the defrauded and furnish reliable numbers before being allowed to trade. Where is the government or SEC, the exchanges, it would have been fair to delist first, not these ongoing events to an inevitable demise Mr. Owens slowed down to such a dramatic degree in representing the antithesis of his very being.
I may be right or wrong in my strongly opnionated observations here but this is certainly how I see things.

Comments on: Northern Exposure for BCE, Nortel CEOs

By: Jamez4all