Nortel controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2003
Accounting restatement and executive bonus controversy
Nortel disclosed that liabilities and revenue had been recorded improperly across several reporting periods. The company restated accounts, removed senior executives and reported that some executives returned bonuses linked to erroneous results. The matter damaged investor confidence and generated substantial external audit and consulting costs.