Hard Times at Alcatel-Lucent

Less than a year after CEO Patricia Russo took over, she's under a cloud because of a slew of problems, some of them inherited

Alcatel-Lucent (ALU) Chief Executive Patricia Russo is running out of time. Less than a year after she took the top job at the Paris telecom equipment maker, Alcatel is in free fall. The stock is cratering, sales are shriveling on both sides of the Atlantic, and the board is demanding answers, fast.

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