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Tag Archives: CEO

A CEO, but not exactly a Bay Street guy: Bill Morneau’s path to becoming Canada’s finance minister


TORONTO • In their 2013 book The Real Retirement, authors Bill Morneau and Fred Vettese muse about changes in our view of what it means to be poor. “One of the authors of this book,” they write, “was raised in Toronto and enjoyed a happy and healthy childhood. There is little …

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TransCanada Corp CEO vows to keep hiking dividends despite ‘worst commodity cycle I’ve seen’


TransCanada Corp. is extending its plan to increase investor payouts by 8 per cent to 10 per cent annually through 2020 even after the U.S. rejected its US$8 billion Keystone XL pipeline. Forget tankers and pipelines, David Black says he has the best plan to export Canada's oil With prospects dimming …

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Sun Life CEO to Trudeau government: Go easy on CPP reforms


TORONTO — The chief executive of Sun Life Financial says Canada’s new federal government should go easy in proceeding with promised changes to the country’s public retirement system, the Canada Pension Plan. “CPP was designed to provide basic income replacement, not to be a panacea,” Dean Connor, CEO of Sun …

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Goldcorp CEO Chuck Jeannes to retire in spring, Hudbay Minerals CEO to take helm


VANCOUVER — Goldcorp says its president and chief executive Chuck Jeannes will retire in the spring and David Garofalo, who is currently the president and CEO of HudBay Minerals Inc., will take over his role. The gold miner said Jeannes will step down following the company’s annual general meeting in …

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Chipotle CEO apologizes over illnesses, vows restaurant chain will be ‘safest place to eat’


WASHINGTON — Chipotle founder and co-Chief Executive Officer Steve Ells on Thursday apologized to patrons who fell ill after eating at the company’s restaurants, and pledged that sweeping new food safety practices will prevent such outbreaks in the future. “This was a very unfortunate incident and I’m deeply sorry that …

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TMX CEO waves off competitive threats as rivals gather at the gates


TORONTO — Lou Eccleston, the CEO of TMX Group Ltd., puffed his chest and dismissed the wave of new entrants that run, or likely plan to run, a rival stock exchange to the ones he operates. Besides, did you assume he was just going to sit back and watch it all unfold? No, he says …

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Valeant’s new CEO trio shows company has no clear successor while Michael Pearson on medical leave: analysts


MONTREAL — Following a year of unpleasant surprises for Valeant Pharmaceuticals International Inc., on Monday the company announced chief executive Michael Pearson would take a leave of absence following his hospitalization last week with severe pneumonia. During his absence, Pearson’s duties will be split between three company executive vice-presidents. With few …

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Why BMO’s CEO expects it to take two or three years for oil prices to stabilize


Oil prices won’t return to more normal levels for two or three years, and those expecting a speedy rebound from this month’s 12-year lows are being unrealistic, Bank of Montreal Chief Executive Officer William Downe said. “It’s unrealistic to believe it’s going to snap back,” Downe said in an interview Friday …

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Air Canada stock met with turbulence after CEO takes shot at ‘short-term investors’


Air Canada’s decision to stop providing capacity guidance was a shot across the bow at short-term investors, but the shrapnel is hitting long-term investors too. The airline’s stock fell for the second day in a row Thursday after it said it will no longer release capacity forecasts and will also …

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Toronto-Dominion Bank CEO Bharat Masrani paid $9.38 million in first year as top executive


Toronto-Dominion Bank paid Bharat Masrani $9.38 million for fiscal 2015, his first year as chief executive officer of Canada’s largest lender. Masrani, 59, received $1 million in salary, $4.22 million in share-based awards and $2.08 million of option awards as well as $1.7 million in incentive pay and $383,692 in …

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