w1ld wrote:
] ] TORONTO (Reuters) - Nortel Networks Corp. (Toronto:NT.TO
] ] - News; NYSE:NT - News) fired its top three executives on
] ] Wednesday and said accounting problems already under
] ] investigation by regulators ran deeper than expected.
] ] The surprise announcement from North America's largest
] ] maker of telecommunications equipment sent its shares
] ] plunging as investors speculated that an accounting
] ] review begun last year was developing into a full-blown
] ] financial scandal.

Accounting: The science or lying with arithmetic based on arbitrary but commonly accepted rules.
Statistics: The science of lying with higher mathmatic functions based on arbitrary but commonly accepted rules.

I am amazed that this took so long to surface given events of the past 3 yrs.

RE: Nortel Fires CEO in Accounting Probe