Nortel gets it--wrong
Article Abstract:
Northern Telecom Ltd. saw its capitalization decline by C$9.1 billion in late-September 1998, momentarily after chief financial officer Wes Scott issued a warning about a possible slowdown in sales growth at the Canadian company. Aside from resulting in frantic stock sell-offs made by analysts, the statement made by Scott also affected the firm's credibility, and prompted calls for the resignation of its senior executives. Scott's report, made in a meeting with analysts on September 29, 1998, ironically followed a company statement issued on that same day, that depicted a bullish picture on the company's future performance and of its revenues.
Comment:
Saw its capitalization dip after frantic stock sell-offs in late-9/98, following CFO's warning about slowdown in sales growth
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Governments buckle to privatization trend
Article Abstract:
Canada's privatization program is expected to expand further with the sale of the electronic tollway Highway 407 north of Toronto. The reach of the private sector is expected to extend into water treatment, sewage management, airport terminal construction, air traffic control and even hockey rinks. Economic experts also add an emerging trend towards private financing for schools, government buildings, ports, power plants and public transportation.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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TD's Baillie highest-paid bank boss at $8.5-million
Article Abstract:
Toronto Dominion Bank chmn Charles Baillie was paid a total compensation of $8.5 million last year, making him Canada's bank chairman with the highest revenue. Chmn Matthew Barrett of the Bank of Montreal was second with a total compensation of $4.5 million. Mr Baillie's compensation included a salary of $899,452, a bonues of $950,000 and other compensation amounting to $82,329.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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