Sometimes the communication skills of Leaders & Politicians really surprise me. It is amazing how they can manage to still say something positive (also known as bull sh**t) even during disasters.
Alcatel-Lucent CEO and Members of the Board stepped down (in 2008) due to such a bad performance that the newly merged (Alcatel & Lucent) company’s shares went down by more than 60% in the last year, and the net Loss equivalent to $1.7 Billion, was larger than analysts’ expectations (they were shocked basically).
The news reads:
“Alcatel-Lucent, one of the world’s largest telecommunications manufacturer, posted a second-quarter net loss of 1.1 billion Euros and announced that its CEO, Patricia F. Russo, and its Chairman Serge Tchuruk, would step down.
Now look what the Leaving CEO and Chairman Stated:
CEO Ms. Russo said “she was Pleased with the Progress the Company was making, but that it was the right time to step down. The company will benefit from new leadership aligned with a newly composed board to bring a fresh and independent perspective that will take Alcatel-Lucent to its next level of growth and development.”
Mr. Tchuruk the Chairman said . “I am proud that Alcatel-Lucent has become a world leader in a technology which is transforming our society.”
WOW What a performance!!!!!!
lolz……….just trying to play with the words but its not worth it, he even lost his credibility as a person.
I know a Telecom company (and I am sure you know that company too), whose top management when asked to step down, stated in their speech, They would like to take off now and spend their time with their families as they have worked very hard for many decades. (Yeah, as if we will take that).