Nortel is still paying out, much like a slot machine, not very often and in very small amounts. Too big to fail was the thoughts as this company went under, but they certainly aren’t paying their creditors back much.
Stories, articles and commentaries on Nortel Networks and Bell Northern Research
What happened to the folks who were on Disability insurance when Nortel went under? Nothing good, unfortunately.
What is the best financial decision you have ever made? For me, it was a decision I made out of spite, but it ended up paying off very nicely, and gave me a path to victory for my retirement.
Over 15 years ago I was laid off from Nortel, and even now I still feel the pain of this important event in my life. In the end it was a good thing.
What is left of former Tech Giant Nortel? Legal cases, litigation, and a few patents. Nortel itself is still out there in terms of equipment, but it is being supported by other companies.