#1: Avaya Close to Bankruptcy Again?
All eyes in the middle of last month were again on Avaya. “People familiar with the matter” told the Wall Street Journal that the customer experience and cloud solutions company was nearing its second chapter 11 bankruptcy filing in five years. The move would supposedly revamp its business and overcome accounting problems.
Read: There’s a lot of debt.
Avaya has gone through a significant transition in the last few months to right the ship, including the hiring of ex-Vonage CEO Alan Masarek as its chief executive. However, it raised some eyebrows just this week when we learned he’ll be getting a $6 million cash payout at the same time Avaya risks a delisting from the New York Stock Exchange.
Read our update on the Avaya situation.
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