[Keeping CEOs from making dumb decisions has won fans among Canada's biggest money managers.] In the majority of cases, you would have been better off as a shareholder if the companies had paid out extra money to you, rather than reinvested it. Most management teams are not good at capital allocation, ... Look at BCE [Inc.]. Instead of buying all those businesses they then had to write off, it would have been better just to pay out the money. |
Generally we don't like them as a basic principle. In some cases it is working reasonably well from a shareholder point of view and that has to do with the people involved. |
I don't come in with the desire to change anything particular or with a special vision to go anywhere different from where we've been. I want to build on the excellence on what's been there. I'm looking forward to building on what we've had. |
I think it just allows additional flexibility for the commission to ensure all legitimate inquiries are handled appropriately. And just a timing issue should not necessarily throw it out. |
I'll take off work (today). No going to work. I won't be able to speak. |
It's disappointing to lose any qualified individual that was interested in this job, and that we were interested in. I have to review this with the commission as to how they would like to move forward with this. |
Management is basically going home on Friday and coming in to work on Monday in the same job with the same responsibilities. I can't imagine how any self-respecting director would agree to an arrangement like that . . . In Calgary, in particular, it seems like it's just a standard thing to do. When there's a corporate development of any kind, management just put a lot of money in their pockets in the process, regardless of whether they created value or not. |
Nothing has been decided or taken to the board. Should the board decide to proceed with a sale it will still require shareholder approval. |
patterns or something in it to try to resolve this issue. |
Quite the opposite of undermining the competitiveness of the economy, [trusts] actually improve things. Capital ends up getting invested in things that make sense. |
Ron Cranford is trying to make heroes out of people who have done some really evil things. The whole conference needs to be opposed. It's a morbid and sadistic thing they're promoting. |
Some of them are extremely onerous. |
The usher will tell me to sit down 30 to 40 times each game, but I can't. I'm motivated. |
We are looking at tightening any discussion with regards to any candidates. And we will be holding that closer to our vest. |
We had to do something special for opening night, |