Shift Happens for ALU-E

by Dave Michels

Last month, Alcatel-Lucent’s (ALU) new CEO Michel Combes announced details how he intends to return the beleaguered firm to profitability. He calls it the “Shift Plan,” and that’s what it better do. In 2012, under CEO Verwaayen, ALU reported a net loss of $1.81 billion, and since the 2006 merger of Alcatel and Lucent the company has lost about $13.4 billion.