A View on View :: Another Take on Gary Daichendt's Leap from Nortel

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Another Take on Gary Daichendt's Leap from Nortel

by Mark Evans on Sun 26 Jun 2005 06:44 AM EDT | Permanent Link

With Nortel's 2003 and 2004 AGMs this Wednesday, perhaps we'll get answers for pressing question such as why ex-CEO Frank Dunn was fired for "cause", and why ex-COO Gary Daichendt packed his bags and headed back to California after his restructuring plan was rejected by Nortel's board. In the meantime, Ronald Gruia had an interesting take on what went down with Daichendt and the board. He figures it was simpy a question of hubris, ambition and different corporate cultures as Daichendt pressed for rapid changes. If the board found this scenario unappealing, the next question they didn't they realize this was Daichendt's approach/modus operandi before they hired him?

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