I am pleased that my full focus can now be applied to accelerating Nortel's business momentum.
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
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
As we head into a new chapter in Nortel's history, our global headquarters will reflect both the proud heritage of Nortel and the exciting journey that lies ahead. As well as being home to many of Nortel's corporate functions, The West Mall site will utilize Nortel's sophisticated solutions to showcase how we deliver innovative communications capabilities.
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
I have found a deep sense of commitment and pride from the Nortel employees and I am excited by the energy generated for our business transformation, integrity renewal and growth activities. I also want to thank our employees and leadership team who have continued to execute with a passionate customer focus in the face of many challenges over the last several years.
Mike Zafirovski
Now we are ready for the next phase. We have our sights squarely focused on restoring Nortel's credibility, executing a winning plan for profitable growth and recapturing Nortel's position as a great company.
Mike Zafirovski
Readers Who Like This Quotation Also Like:
Based on Keywords: nortelsLet us never forget that the greatest man is never more than an animal disguised as a god.
Francis Picabia
Advertising is legalized lying.
H. G. Wells
People are needed to take up the challenge, strong people, who proclaim the truth, throw it in people's faces, and do what they can with their own two hands.
Abbe Pierre