Nortel chief fired over finances

April 28, 2004/0 Comments/in Nortel Networks /by ceadmin

Telecoms equipment firm Nortel Networks has fired its head Frank Dunn and two executives after conducting an internal review of its accounts.

Nortel also said it was reviewing its earnings figures for the past three years, and profits for 2003 would be revised lower by about 50%.

The company’s accounts are already under investigation by the US Securities and Exchange Commission