How can KK put a positive spin on 16/17 quarters loss and huge losses this year. Don't be fooled by EBITDA as that's what KK gets his bonus on. Remember he took circa $9M in bonuses this year, knowing Avaya were making huge losses and with huge debt. Says it all. Get out while you can guys.
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Just repeating the same lines hoping to believe them at some point. I would think he would move on at some point soon, creditors wont want the man that led the company down the toilet to bring it back out.
http://www.reuters.com/article/us-avaya-bankruptcy-idUSKBN1532JY
"Absent additional financing, I believe the debtors could be forced to liquidate on a highly expedited basis," said a court filing by Eric Koza, a managing director at the restructuring firm Zolfo Cooper, which has been advising Avaya.
glad I left a few months ago as there were red flags over two years ago.
Not only him, all the EC are towing the same line reading from the same presentation . What's a joke.
KK is probably told to shut up during the conf. call and just read the script. He didn't look at the camera.
He will be out as soon as the bankers become majority owner and he doesn't have his friends at Silver Lake to hide under anymore.