Headin' for dry-dock

More bad news for the admiral of Nortel. The mounties, who "always get their man," are starting a criminal investigation of the beleaguered company. The G&M has the story here: RCMP start Nortel criminal probe. To the best of my recollection, a criminal investigation needs a criminal, which is a person -- or persons, in the case of a conspiracy. Here's what the story says:

A Nortel spokeswoman said the RCMP didn't precisely define the scope of the investigation in the letter. "They didn't provide details whether it was company-specific or if it was executive-specific," said Tina Warren of Nortel.

[Former CEO and beneficiary of a whopping bonus just prior to the floor falling through] Mr. Dunn did not return a phone call to his home. [Former CFO] Mr. Beatty could not be reached.

Posted by Grayson at August 17, 2004 07:18 AM