Only two of eight directors have had any executive officer experience with technology firms. Several directors declined to comment. Ruddy Bad Health Lucent's fall from grace has perplexed investors and analysts alike for nearly a year. The astonishingly good health of the networking industry, which Lucent now struggles to compete in, makes the collapse only harder to comprehend. And the company' s continued stumbles speak to problems at the very core of the organization.
Former insiders describe the company as a shambles.
There's no sense of urgency, no sense of accountability. They are all looking for new jobs. Meanwhile, it has become obvious to some who worked with McGinn that his priorities lie more with currying Wall Street's approval than in running the company, says the former Lucent manager who had close ties to colleagues who worked with McGinn. He lost track of the business, and he didn't realize that if he took care of the business, that would automatically take care of the analysts. He was too focused on the short term.