What ever Article is found Example | Topics and Well Written Essays - 500 words

What ever is found - Article ExampleNortels sh ares peaked at 124.50 Canadian dollars in July 2000 in trading on the Toronto Stock Exchange. On Wednesday, Nortel closed at a market place price of 12 Canadian cents, or 1.2 cents after adjusting for a stock consolidation. While the current sparing slump contributed to Nortels decision to file for protection in both Delaware and its hometown, Toronto, the companys problems began in 2001, when it was hit by the technology stock price collapse and became mired in an accounting shite that led to criminal charges against three of its former executives.There have sometimes been problems at Nortel, as in that respect have been in any company that is more than 100 years old. An accounting scandal a few years ago put a dent in the companys reputation. This, however, was an anomaly. Nortel has in condition(p) from its mistakes. It has a strict business and ethics code which goes a long way to restoring the companys reputation. It is not ne cessary to tie Nortel down in a web of social responsibilities that will poorly cut into its margins. Those who suggest that Nortel should change its policies in order to pay pensioners first instead of real creditors are missing the big picture and are getting in the way of Nortels efforts to manage what assets it has in a way that can be considered for the greater good. It is in a sense understandable that people would pack Nortel to do this, but that is more of an emotional response than a reasonable one. There are some(prenominal) unintended consequences for those who push the Corporate Social Responsibility agenda. It does not always lead to the results that we might expect. permit businesses be businesses and let charities be charities. It is simply too confusing and leads to too many unintended consequences for things to be set up in any other manner. The bottom of a company sometimes waterfall out there there are no sure things in life.These are dark economic times and i t is important for Nortel