Jim Prentice had himself all all tied up in a knot over the fact that BCE and Telus were going to start charging 15 cents for income text messages.
Jim was so tied up (in political self interest), that he demanded a meeting with the CEOs of Telus and BCE.
Just how did our Apprentice Minister of Industry exactly think that BCE was going to service the interest on $44 billion of junl bond debt? By defaulting?
Of course not, they will do it the old fashioned way: raise prices and lay off workers.
Maybe Jim Prentice needs to invite the CEO of Teachers’(Jim Leech) to his photo op meeting in August with the CEO’s of Telus and BCE.
Prentice has much bigger egg on his face for approving the LBO of BCE than text messaging fees, How about the little matter of 2500 knowledge sector jobs:
BCE to cut 2,500 management jobs
Jamie Sturgeon, Financial Post Published: Monday, July 28, 2008
A pair of Bell Canada's repair and installation vehicles are parked outside one of the company's downtown offices in Toronto, Ont. BCE Inc. announced Monday it was cutting 2,500 management jobs.Norm Betts/Bloomberg NewsA pair of Bell Canada's repair and installation vehicles are parked outside one of the company's downtown offices in Toronto, Ont. BCE Inc. announced Monday it was cutting 2,500 management jobs.
BCE Inc. said on Monday it plans to cut 2,500 management jobs at Bell Canada as part of a massive restructuring plan announced on July 11. The cuts at the telecommunication giant's main division will represent about 6% of Bell's total workforce and 15% of its management.
Monday, July 28, 2008
Hmm.....maybe Jim Prentice needs to invite Jim Leech to his August photo op meeting as well?
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3 comments:
The two Jims!!
No it`s not another set of singing tenors.
Wish it were.
These are the two guys responsible for today`s lost jobs at Bell Canada.
This whole mess was put into motion by Jim Flaherty on Oct 31st 2006 with his slaying of the big bad income trust dragon & it`s associated greedy old fart investors.
The job losses were brought to fruition when the deal was approved by Jim Prentice who never saw a foreign investor he did not like.
The two Jims--frick & frack--Laurel & Hardy.
I just wish they were singers.
Dr Mike Popovich.
Sorta reminds you of those credit card commercials .. where the low rates suddenly rocket skyward. The NDP is useless .. the Bloc .. well only in Canada would that nonesense be allowed. Here's the plan .. give the Libs a majority .. a smattering of Greens to keep their feet to the fire. We need to turn this country around and fast!!!
I don't live in flaherty's riding (lower case intended), but I'll be working there to make sure he doesn't get re-elected. Dang, will he get a Fed Pension?
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