Postscript: The aforementioned CEO of the Year ....Ed Clark of TD Bank...warned the Canadian government today (Dec. 12) that any move by the govt. to privatize Canada's socialist mortgage insurance program ---- the one that has blown the Canuck real estate gasbag up into the stratosphere --- would be bad for Canada's banks.
I can't say as I disagree with that statement. But isn't coping with basic real world, free market economics kind of a "featured skill" for a "CEO of the Year" kind of guy? What a pathetic joke.
Government loves mud. It lives in it, thrives in it, is completely lost without it.
Harrison is a natural cleanser. He eliminated decades of built-up railroad mud wherever he's been. But a couple of pissant short lines, still as mudcaked as the day they were spawned by gutless politicians, screwed things up for everyone in a heartbeat.
And now, in a classic government panic, it wants to shovel all the mud back on railways. That's the government solution to everything....add more mud.
Government isn't the solution. Government is the problem.
As a side note, the Grope & Yell newspaper's weekly (?) magazine chose its CEO of the year to be the current occupant of the seat at Air Canada......I am not kidding.
But I suppose overlooking a guy overseeing the complete revinvention of your country's rail industry is justifiable...first off, you have to pick an airline winner while you can. After all, everynoe in that sector is on the verge of bankruptcy every 18 months.
And it would really confuse the G&Y's readers to absorb all the non-factual criticism of rail in your articles and editorial pages, and then read what a wonderful job Harrison is actually doing. No need for that.
So Air Canada it is! Listen to the throngs of happy customers applaud your choice!
HH was named Canada's "Turnaround CEO of 2013" by Canadian Business magazine.
Overall (?) CEO of the Year was the head of TD Bank ...... oooooh, that's an equally hard job. What innovations or struggles did TD bank face this past year? Whether or not to raise ATM service fees?
the singlemost awful piece of biased and openly hostile investment opinion I've ever come across in my investing life. By a guy who purports to have an MBA from a well known Canadian university. As it is a good laugh, I cannot say that it has no value at all.
And full disclosure, I did not feel that continuing past gthe first 2 paragraphs was worth my time...it was that bad. If anything, it taught me that I owe an apology to Walter Spracklin.
If you ever see the last name "Michael Blair" associated with anything financial, I would advise proceeding with extreme prejudice, if at all.
is one stubborn, clueless putz who is beyond d lucky to have ever gotten, let alone still have, any job in the field of finance. I have never before seen anyone so eager to continue digging a hole deeper and deeper than this "professional". RBC, I am amazed that you think so little of your corporate reputation as to let this head-scratcher of a vendetta continue to fester on your letterhead.
I notice you don't have a word to say about the terrible "civic derailment" of Toronto...seems like an issue on which a guy in your position might have at least SOME relevant or worthwhile point of view. But you're much more willing to stick your ignorant beak into trestle engineering standards, and making irresponsible quips about corporate ethics.
Quite a leader.
Ooooh..an anonymous "thumbs down". Who could it possibly be?! That railway soothsayer whose "thing" is posting in a faux southern drawl? Or just another, equally prophetic putz?
After reading this little "jewel" one more time, it really is remarkable. If one wanted to dig up one perfect example --- perhaps to quote in a book that could be written on the monumental turnaround of CP Rail ---- of the outright lies, incorrect assumptions and small-minded pettiness that was being spewed during this proxy fight, you really would have a hard time finding a more perfect example of every single wrong assumption in one short passage.
Where have you gone, be.pick? Your insights are so sorely missed.
"... y'all giving Ewing H H way too much credit for IC, sooo does smoke who thinks that Hunter walks on water... Ed Moyers is the one who turned IC 'round, making it profitable and an ideal strategic partner for CN... when Hunter took the reins of IC, he simply followed Moyers' plan... before Moyers took over, IC had been sliced and diced...
guess, we're (referring to himself and fellow poster 'beagle badge') 'bout the only ones on either CNI or CP's message boards, who believe that another will take the reins of CP, besides Ewing H H... and if Ewing H H does take the reins, it won't be for long, 'till he fails most miserably... CNI and CP are fundamentally different... particularly with infrastructure costs, geography challenges, customer base, balance sheet opportunities, to name a few of the differences... with what Ewing H H did at CN, just won't work at CP... Fred actually had a good plan in place, just needed time for its execution... yet time to do the job, is what #$%$ like Pershing looks for, to buy in, then disrupt, sell their pie in the sky story to other greedy shareholders, for which isn't all that difficult to do, then once the peak of excitement arrives, selling off and making a handsome profit... for which then, either one like Fred will have to come in and pick up the pieces, or CP will be sliced and diced, sold off in pieces itself... "
-Yahoo Messageboard poster 'be.pick'; comment made on the CNI board during the CP proxy fight in 2011.
"The Globe and Mail reports in its Friday edition Morningstar has announced the three finalists for its 2013 CEO of the Year award: Darren Gee of Peyto, Hunter Harrison of CP Rail and John Martin of Gilead Sciences. The Globe's David Berman writes that while congratulations are in order for the chief executive officers involved, their elevation may signal it is time to sell the stocks. Awards that celebrate the past successes of CEOs can be the kiss of death in terms of future performance."
Hunh. Couple of things:
1) The Globe & Mail has the most blatantly socialist, anti-corporate "Business" journalism desk one could not even imagine. But they do know their customers, and they want to stay in "business" themselves, so...
2) The list of precedent CEO-of-the-Year winners that prove this "rule" include (I'm not kidding): Nokia, Cisco Systems, Nortel, and RIM...all technology companies whose stock prices briefly exploded in euphoric manias. So. CP Rail....really?
3) Perhaps this award's selective "pattern" as a predictor of doom speaks more to how the media trips over itself to cover anything to do with the latest technology stock darling, and directly facilitates driving it into the stratosphere, until the gasbag implodes. ........Apple, Google, Twitter are all current cults enabled by the media.
So way to go, David Berman. Helping to ensure Canadians let their American neighbours make all the profit from their few superstar investmentys instead of themsleves. How Canadian, eh.
Canadian Pacific Railway (CP) CEO Hunter Harrison is the second finalist in our CEO of the Year award. Harrison, who has now successfully transformed three railroads in his career, joined CP in June 2012 and dramatically improved the company's operations by making rapid changes to senior leadership, assets, and operating practices. According to Morningstar industrials analyst Keith Schoonmaker as a result of Harrison's actions, "CP is now on track for nearly 30% operating margin in 2013 (up from 18.7% in 2011), and we project that returns on invested capital will improve from 2% in 2011-12 to 14% in the next few years, easily exceeding the firm's cost of capital."