Quote:
Originally Posted by Hecate
What more evidence do you need? Carney said he wasn’t on the board when the board voted to move the headquarters. He was. He then sent out a letter addressed to shareholders encouraging them to vote in favour of the move as well. He was being deceptive when he said he wasn’t involved with the shareholder vote.
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Lets look at some clear reporting on the issue:
https://www.cbc.ca/news/politics/mark-carney-brookfield-1.7469116
So the move needed shareholder, not board approval. The move was on paper, no change was made to where head office staff work or tax filling. They were trying to get the company on S&P 500 so they would pick up investments from a larger number of index funds.
He resigned the board by January 15. Shareholders voted on January 27. The board likely need to do some voting/resolution to implement the direction from shareholders.
In these difficult times where we are going to need to attract significant capital investment from some of the worlds largest corporations to deal with Trump, don't you think it is would be good to have a PM that has experience running one of the worlds largest corporations with extensive connection of Wall St and Bay St.
The choice is clear, we can have the former chair of a S&P 500 or we can have someone with no corporate experience.
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