New Directors for NT

Who would want to be a Nortel director these days given its volatile past and uncertain future? Well, two well-seasoned executives want to join the board: Claude Mongeau, CFO with Canadian National Railway, and John Watson, EnCana’s former CFO are standing for election at Nortel’s AGM on June 29 in Toronot. I guess Nortel wants more financial clout given its accounting troubles. You wonder that if this type of expertise had been on the board a few years ago whether Nortel would have found itself in an accounting scandal. Alas, hindsight is often 20-20.

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