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Nortel Networks

Headquarters : 8200 Dixie Road, Suite 100 Brampton, ON L6T 5 Canada Canada
Job offers, investor relations : web www.nortel.com tel. 905 863-0000 email: investor@nortelnetworks.com stock : NT analytics

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« Ethical » rating of Nortel Networks , group and subsidiaries

Jobs -73% /1998 Fraud 7 Sales 11 Bn $.€ /year Wage 206 *min. Influence 3
[click on the rating for the method or on the number for the data]

year
business
source
2008Nortel Networks files for bankruptcy its and requires the protection of the Canadian and American law on the bankruptcies.Les Echos
2004Nortel sells 11% of the optical equipements for telecommunications bought in the world.Les Echos
» More business descriptions and market shares for Nortel Networks.
subsidiarycountry%source
Bookham Technology PLC United Kingdom29,8
Matra Nortel Communications Distribution France19,9Les Echos
» More subsidiaries of Nortel Networks
country
address & contact : production type
incentive source
China China
:
 Globe & Mail
South Korea South Korea
:
 Globe & Mail

  • Environmental impact

  • Human impact

year name
photo position; compensation
source
2006Zafirovski, Mark
See the photo of: Zafirovski, Mark Chief Executive Officer; salary: 2,37 million US$;
2005Owens, Bill
See the photo of: Owens, Bill Chief Operating Officer;
Globe & Mail
2004Owens, Bill
See the photo of: Owens, Bill Chief Executive Officer;
2001Dunn, Frank
See the photo of: Dunn, Frank Chief Executive Officer;
Les Echos
2001Roth, John
See the photo of: Roth, John Vice-president;
Les Echos
1999Roth, John
See the photo of: Roth, John Chief Executive Officer;
year
employees
<>
social impact : country
source
2009
-3200
Internal restructuring: Canada
Les Echos
2009
26000
Les Echos
2008
33700
-3100
Relocation: Nortel cuts 2.100 jobs in the world and will delocalize 1.000 others after a loss of 844 million dollars in the fourth quarter. The plan of reorganization will save approximately 300 million dollars per year and cost 275 million dollars.:
AFP
2006
-1100
Internal restructuring: Nortel will eliminate about 1,900 positions and create 800 new ones to improve margins, with total restructuring costs of about $100 million over the next two years. Nortel said it will save about $100 million in 2007 through the job reorganizations and $175 million by 2008.: Canada
Reuters
2005
-9000
Les Echos
2004
32000
-3500
CBC
2003
36960
2002
35000
-7000
CBS Marketwatch
2002
-3500
The Star
2002
-4000
Les Echos
2002
48000
Bloomberg
2001
94500
Bloomberg
2001
-10000
Les Echos
2001
-10000
Les Echos
2001
-5000
Montréal Gazette
2001
-6000
AP
2001
-5000
Canadian Press
2001
-4000
New York Times
2000
95000
Les Echos
1999
-1000
AP
1998
75052
1989
-521
Canadian Labour Congress
1988
-920
Canadian Labour Congress
year
employees
<>
social impact : country
source
 23 informations, access to subscribers

yearfinancial misdemeanorsalesincome buybacksource
2008   -5,8   billion US$Les Echos
2007   10,9-0,96   billion US$
2007 Nortel is charged by the Securities and Exchange Commission, of embezzlements. Nortel would have falsified its results and its sales accounts of the years 2000, 2002 and 2003 in order to meet Wall Street's expectation. Nortel will pay 35 million dollars to settle the lawsuit.     La Tribune
2007 The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers.     AP
2006   11,420,03   billion US$
2006    
2006 Nortel pays 575 million dollars in cash and emits stocks for a total value of 1,64 billion dollar. The shareholders will receive addiionnally 228 million dollars on behalf of Nortel's insurance companies. This agreement was validated by two American judges, and must still be approved by the Canadian justice, also seized by shareholders.     ZDNet
2006 Nortel said it expects changes to its results for 2003, 2004, and the first nine months of 2005. It will also need to adjust periods before 2003, largely due to revenue recognition mistakes.Nortel said it expects the revisions to negatively impact 2003 revenue by $157 million and earnings by $91 million, and its 2004 revenue by $77 million and earnings by $93 million. For the first nine months of 2005, the restatement will negatively impact $162 million in revenue and $95 million in earnings. In financial results prior to 2003, Nortel expects revisions to negatively impact revenue by $470 million and earnings by $99 million.     Reuters
2005   10,52-2,58   billion US$
2005 Des actionnaires ayant investi dans Nortel entre le 24 avril 2003 et le 27 avril 2004 poursuivent l'entreprise devant la Cour supérieure de l'Ontario pour présentation erronées et trompeuse d'états financiers     Le Bulletin des agriculteurs
2004   9,83-0,05   billion US$
2004 Nortel overstated its reserves as part of a "cookie jar" accounting manipulation, that let managers and executives grab past reserves from a financial "cookie jar" to make income look better than it was.     Wall Street Journal
2004 PDG Frank Dunn remercié suite à erreur comptable de près de 400 millions de dollars, surestimation du bénéfice net dans les années 2000-2003    
2003   9,810,73   billion US$
2002   10,56-3,58   billion US$
2001   17,51-27,3   billion US$
2000   30,28-3,47   billion US$
2000   10million shares
1999   22,22-0,17   billion US$
1999   10million sharesSmartMoney
1998
yearfinancial misdemeanorsalesincomeassetsbuybacksource
 21 informations, access to subscribers
year
purpose : intermediary/lobby : institution
source
2000Prevent binding regulation, co- or self-regulation instead. : American Chamber of Commerce's EU Committee : : European Commission translateCorporate Europe Observatory
1999Removal of barriers to trade and foreign direct investment, taxation (VAT : GBDe : : WTO translateGBDe
1998Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 92 thousand US$ : US President, Congress, Senate translateCenter for Responsive Politics
» More influence from Nortel Networks
» Influence in 2007
year
purpose : intermediary/lobby : institution
source
 3 informations, access to subscribers
» More influence from Nortel Networks
» Influence in 2007
yeardonatorcountryamountsource
1989FederalCanada130 million US$Canadian Labour Congress
yeardonatorcountryamountsource
 1 informations, access to subscribers
year
dubious practice : image
source
2008slogan: Business made simple;

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