Mike Zafirovski
Mike Zafirovski
Mike S. Zafirovskiis a Macedonian American business executive...
Mike Zafirovski quotes about
recognized revenue wrong
This revenue is real - it was recognized in the wrong periods.
accurate affect although cash certain financial priority recognized revenue statements wrong
Our priority is to have accurate financial information. Although the need to restate certain financial statements is unfortunate, it's the right thing to do. This revenue is real -- it was recognized in the wrong periods. The restatements do not affect the company's cash position.
business continue critical cultural driving essential experience future global key leadership role strengthen
As I continue to strengthen the company's leadership team, it's critical that we have individuals with global business experience working for world-class companies. Dennis will play a key role in driving the cultural and business transformation at Nortel that will be essential to the company's future success.
mountain tall
We have a very tall mountain to climb.
conducting continue currently decisions details expect full investment next priorities related review share team
We have a team currently conducting a full review of our R&D priorities and investment areas. You can expect us to continue to share details related to R&D prioritization as decisions are made over the next 12 months.
helped save
I don't think it is an exaggeration to say you have helped save Nortel.
business challenges commitment continued customer deep employees energy excited execute face focus found growth integrity last leadership passionate pride renewal several team thank
I have found a deep sense of commitment and pride from the Nortel employees and I am excited by the energy generated for our business transformation, integrity renewal and growth activities. I also want to thank our employees and leadership team who have continued to execute with a passionate customer focus in the face of many challenges over the last several years.
executing focused great growth next plan position profitable ready restoring sights winning
Now we are ready for the next phase. We have our sights squarely focused on restoring Nortel's credibility, executing a winning plan for profitable growth and recapturing Nortel's position as a great company.
brings business continue critical cultural driving essential experience future global home impeccable key leadership role strengthen
With his experience at GE, AT&T, The Home Depot and Motorola, Dennis brings to Nortel an impeccable business pedigree. As I continue to strengthen the Company's leadership team, it's critical that we have individuals with global business experience working for world-class companies. Dennis will play a key role in driving the cultural and business transformation at Nortel that will be essential to the Company's future success.
among business commitment companies corporate financial governance top
We have an unwavering commitment to be among the top companies in the world in corporate governance and business and financial controls.
areas business collection drive expanding identified key momentum robust services strategic
We have identified services as one of the key strategic areas to drive our business momentum and growth. We are expanding what is already a robust collection of services offerings.
addressing agreement benefit committed continue critically fully governance improve plan principle provisions rebuilding remain systems value work
Today's agreement in principle is an important milestone for Nortel. We continue to work vigorously on the implementation of our remediation plan and addressing our outstanding regulatory matters. In addition, we continue to improve our governance provisions and financials systems and controls. These are critically important for the company. We remain fully committed to rebuilding value for the benefit of all stakeholders.
achieve business current dramatic given necessary next renewal stay step
Unfortunately, this was a necessary next step for us to achieve renewal and stay competitive in today's dramatic business environment, particularly given the current slowdown in the economy.
confidence optimism
There's a sense of confidence and optimism about the future.