Mike Zafirovski

 

CEO Mike Zafirovski Out at Nortel

Mike Zafirovski, CEO of troubled Nortel Networks, says he will step aside in the coming weeks. The global economic crisis took its toll on Nortel, but many analysts say the Canadian equipment-maker’s fall started long before last year. Zafirovski often takes the brunt of the criticism. Zafirovski appeared before Canadian lawmakers in June to explain […]

Nortel to Sell Off Assets

It was a valiant effort to try and restructure, but struggling gear-maker Nortel Networks has seen the writing on the wall. It said late Friday that it will parcel out its remaining assets to buyers. The decision effectively ends Nortel’s bankruptcy court restructuring efforts. It was clear, it said, that the restructuring would not result […]

Canada Government to Nortel CEO: ‘You Can’t Snub Us’

Looks like Nortel CEO Mike Zafirofski’s polite decline to appear before Canada’s House of Commons today wasn’t good enough. Canadian lawmakers have now ordered him to appear Thursday to explain why top executives raked in big cash bonuses while pensioners and employees were seeing a reduction in benefits, all during the company’s bankruptcy proceedings. Zafirovski last […]

Nortel CEO to Workers: I Dont Have All the Answers

Nortel Networks Corp. (NT) employees got a note from the big cheese today after the company announced its rather depressing first-quarter earnings. Mike Zafirovski, president and CEO of Nortel, on Monday tried to assuage worker’s doubts about the future of the bankrupt telecom equipment maker. But he did admit he doesn’t have all the answers. Click […]

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