I see that Enbridge Inc has hired the former Bank of Canada governor Peloz 2 only two days after he retired from his post as governor They are giving him a hefty salary. Something very fishy smelling here and very unethical I bet, regardless if it was cleared by an ethics commission. By the way, make sure you all take your on line ethics course!
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Is a good get for Enbridge. Just some slight poor optics.
State run media? Seriously? Come on now. Read the article.
"Well deserved bad press" - really? Lemme guess - the state run media (which is arguably all of it, not just CBC) somehow deems this is unfair/prejudicial/inherently evil? What part of it doesn't pass the smell test? Seriously - what is the issue? If you are an Enbridge employee you presumably have some stake in the company's success so how exactly is having a highly respected, well educated and experienced financial expert on the board a bad thing? What do you propose as an alternative? Should experience and merit no longer even been a consideration in these decisions? Should we base every decision solely on quotas built around inherent physical characteristics that people can't change and have nothing to do with ability and competence? Come on. Step out of the media echo chamber for a moment and do some actual research on your own - you might be surprised by what you learn.
The press have reported this as not passing the smell test.
I applaud them hiring him. Why wouldn’t you want someone who has led the economy of an entire country on your leadership team?
I don’t see anything unethical with the timing. He knew he was leaving his other job, so he lined something else up first. Makes sense to me.
He's been appointed to the Board of Directors, not as an employee. That's how the business world works - highly skilled people in prominent public roles often "retire" onto the boards of publicly traded companies. This is a big win for Enbridge, particularly during increasingly challenging times. Critical thinking and research are lost arts. Knee-jerk reactions based solely on emotion with no actual understanding of the circumstances or rationale are not helpful.
Nothing fishy, true. Just typical. A continuation of the status quo. Stephen and the boys on the board will undoubtedly enjoy many good steaks together.
Nothing fishy or unethical about an ex-public servant taking a job in the private sector. What the hell else is he supposed to do?
Enbridge’s appointment of Stephen Poloz is typical. Just what one would expect. Poloz will fit right in with the other privileged white men on the board and will have no difficulty having his views accepted. Directors will continue feeling comfortable that their thinking is the right thinking because it has served them so well in their own lives. Why ruffle feathers? That might be hard on the old ego.
he will be there to give advice with the dollsrs and sense, he is a numbers guy - good move
I never said he was being hired as an employee. I am pointing out it is getting bad press because of the optics.
He was hired onto the Board of Directors. This in NOT the same thing as being hired as an Enbridge employee. He is independent and works on other boards also. Thats how they do it. There are many members of the Board of Directors that either work for companies other than Enbridge and sit on multiple company boards across Canada and the US. He is not different. It is wrong to state he is an Enbridge hire. google the Board of Directors and you can see this
This issue is getting well deserved bad press.