Unfortunately, this was a necessary next step for us to achieve renewal and stay competitive in today's dramatic business environment, particularly given the current slowdown in the economy.
More Quotes from Mike Zafirovski:
We have an unwavering commitment to be among the top companies in the world in corporate governance and business and financial controls.Mike Zafirovski
Our priority is to have accurate financial information. Although the need to restate certain financial statements is unfortunate, it's the right thing to do. This revenue is real - it was recognized in the wrong periods. The restatements do not affect the Company's cash position. The extensive contract review we undertook in 2005 underscores our commitment to ensure a solid foundation for this Company going forward. Though it will take time, our unwavering commitment to be among the top companies in the world in corporate governance and business and financial controls remains.
Mike Zafirovski
There's a sense of confidence and optimism about the future.
Mike Zafirovski
With his experience at GE, ATT, The Home Depot and Motorola, Dennis brings to Nortel an impeccable business pedigree. As I continue to strengthen the Company's leadership team, it's critical that we have individuals with global business experience working for world-class companies. Dennis will play a key role in driving the cultural and business transformation at Nortel that will be essential to the Company's future success.
Mike Zafirovski
Today's agreement in principle is an important milestone for Nortel. We continue to work vigorously on the implementation of our remediation plan and addressing our outstanding regulatory matters. In addition, we continue to improve our governance provisions and financials systems and controls. These are critically important for the company. We remain fully committed to rebuilding value for the benefit of all stakeholders.
Mike Zafirovski
We have a very tall mountain to climb.
Mike Zafirovski
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Based on Topics: Environment QuotesNever let the other fellow set the agenda.
James Baker
Is it a surprise that into the vessel, in which the mercury has no inclination and no repugnance, not even the slightest, to being there, it should enter and should rise in a column high enough to make equilibrium with the weight of the external air which forces it up?
Evangelista Torricelli
Western art is built on the biographical passion of one artist for another.
Jim Dine