11 janvier 2005

Nortel Finally Files Updated Financial Statements

I wrote about this in November: Nortel hadn't refiled their financials statements but were launching a "branding initiative."

Well, that situation has finally been updated by this morning filing of their 2003 financial statements.

One interesting tidbit:
twelve senior executives of Nortel’s core executive leadership team have voluntarily undertaken to pay to the Company over a three year period the amount of their Return to Profitability bonuses awarded in 2003 (net of tax withheld at source)
The webcast is here as well a whole bunch of other info.

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