BCE Buyout: Meet the New Boss Same as the Old Boss

1 Jul ’07

From the CBC: “For consumers, the privatization of BCE likely won’t have much impact because the company will still be run by the same management team led by Sabia.” An intriguing “strategy” – spend billions of dollars on an asset, and give it to the one group of people on the planet who’ve definitively proved their inability to manage it. Update: From the National Post: “Between Mr. Sabia’s 134,124 shares and other compensation awards, he should be able to cash out more than $30-million under the deal announced Saturday.”

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