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<p>[QUOTE=&quot;rush2112, post: 1284013, member: 25570&quot;]The CEO who walked away with 135 million, was in charge when Nortel bought 11 companies in the year 2000, totalling 19.7 billion US with shareholders funds. One of their many bad decisions to help led to their downfall. </p><p>Former CEO Frank Dunn was charged by the RCMP with fraud along with 3 others affecting the public securities market, falsification of accounts and documents, and involvement in issuing a false prospectus.</p><p>There was also a suit filed in New York which claims the four repeatedly engaged in accounting fraud to bridge gaps between Nortel’s true performance and its internal targets and Wall Street expectations.</p><p>Nortels downfall had nothing to do with bad products or being in Canada but more to do with the fact they were committing fraud to make themselves rich as well as making bad decisions with shareholders money.</p><p>You can call it what you want, but I call it greed.[/QUOTE]</p><p><br /></p>

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