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Suncor attacks Canadian Oil Sands leadership as having ’almost no skin in the game’

"Hope is still not a strategy," Suncor wrote in a letter to Canadian Oil Sands' shareholders, stressing there was "little time remaining" before its tender offer expires on Jan. 8.

CALGARY — Suncor Energy’s latest appeal to Canadian Oil Sands shareholders attacks the leadership of the reluctant takeover target for having ‘almost no skin in the game.’

Suncor CEO Steve Williams says COS directors and executives own less than 0.1 per cent of the company’s shares.

He says if COS top brass believed their own rhetoric about their company’s ability to thrive as an independent firm, they should own more than that.

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