It makes you wonder what really went down with ex-COO Gary...

It makes you wonder what really went down with ex-COO Gary Daichendt, who apparently quit in May because he wanted to be CEO but Owens and/or the board showed no sign it was going to happen any time soon. In a nutshell, Owens' departure -- was he fired, pushed or did he resign? -- is another one step forward, two steps back move for Nortel, which has now had three CEOs in the past 18 months.