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News | 02/19/2002 5:00 am EST

Last week, Nortel Networks Corp.'s CFO Terry Hungle abruptly resigned from his position as CFO of the company amid concerns over controversial stock trades he made during the last year. With the Enron situation getting international play in the media, Nortel reacted quickly to avert any potential serious consequences with security exchange officials, both here in Canada and the United States. He resigned on Monday, Feb. 11, a day before an analysts meeting, after questions arose from personal investments he made ahead of corporate announcements.

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