Summary:

Nortel’s decision to come clean and fire the tainted executives might be a good thing in the long term for the company, argues Associated Press. This is especially important when compared to the current turmoil at Computer Associates. bq. “The decision to terminate Frank Dunn was […]

Nortel’s decision to come clean and fire the tainted executives might be a good thing in the long term for the company, argues Associated Press. This is especially important when compared to the current turmoil at Computer Associates.

bq. “The decision to terminate Frank Dunn was particularly difficult, but it is the right decision for the company,” chairman Lynton (Red) Wilson, said Wednesday. “Under new leadership, the board believes we will be better positioned to put the accounting issues behind us, restore confidence in the company’s financial reporting and take advantage of the company’s strong market position.”

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