Thursday, March 12, 2009

Four of Harpers' 10 appointees to the NACC are regular screw-ups


Back in June 2006 Stephen Harper appointed 10 individuals to the North American Competitive Council (NACC), whose purpose was to bring about the North American Union of Canada with Mexico and the US. I am not making this up.

All of these 10 individuals were CEO’s, who supposedly knew what was best for Canada?

Such a concept was a non-starter from the outset, and four of these individuals have gone on to prove just how poorly represented Canadians would be, by who these appointees are as individuals and the values they represent as business people:

Here is the Hall of Shame of the Canadian members of the NACC: Incidentally, all of these folks were strong proponents and/or instrumental in the killing income trusts for their own commercial interests....and destroying $35 billion of Canadians hard earned savings. And incidentally, all are members of the Canadian Council of Chief Executive Officers (CCCE), a self serving group (and evidently comprised of incompetents), if ever there were one:

Rick George
, CEO of Suncor, which was today charged with 90 charges of dumping undertreated waste water into the Athabasca River and providing false or misleading information to the province about it. This is Rick George’s idea of North American competitiveness? On behalf of 33 million Canadians, no thank you. See Suncor, contractors face 90 charges over waste water dumping

Michael Sabia
, CEO of BCE, whose idea of competitiveness was to take Canada’s largest telco, BCE., and turn it into a junl bond basket case. His actions were prevented by BCE’s auditors who stated the company would have been insolvent from the get go. This is Michael Sabia’s idea of North American competitiveness? On behalf of 33 million Canadians, no thank you. See BCE deal was 'insolvent from day 1'

Dominic D’Allessandro
. CEO of Manulife, who almost ran Manulife into the ground by writing policies based on guaranteeing stock market returns....that he failed to hedge. This is Dominic D'Allessandro's idea of North American competitiveness? On behalf of 33 million Canadians, no thank you. See Manulife, Sun Life left reelin' in the years

Paul Desmarais Jr
, CEO of Power Financial, who personally spearheaded the purchase of US based Putnam Investment by Power Financial, and who yesterday announced a $1.35 billion write down of that failed foray into the US markets. This is Paul Desmarais Jr.'s idea of North American competitiveness? On behalf of 33 million Canadians, no thank you. See: Power Financial posts loss on Putnam charge

3 comments:

Kephalos said...

Rick George has been charged under the Alberta Environmental Protection & Enhancement Act. The act provides for heavy fines and a jail term for any excutive who "allows" a breach of the Act.

On grounds of public policy, it would be good to see George, if he guilty, go to jail. Why? As the criminal trial judge would say "A jail term will send a warning to all executives blah, blah."

Another reason is that if and when George is in jail, he can write a book just like Connie Black is doing. Except Connie knows how to write and maybe the only thing George has ever written is cheques.

Anonymous said...

Yup letting businesses regulate and monitor themselves is what we should be doing.

Robert

Dr Mike said...

Yeppers , I am certainly glad that they cracked down on those lousy coupon clipping ponzi running old farts in favor of the likes of those clowns on the NACC.

Yeppers , I certainly am.

%#@#$#%^

Dr Mike.