Rather than impugning divestiture, the AGs report confirms that divestiture is the right approach. While it will take 7 or more years to recover the combination of divestiture costs and unfunded pension liabilities, the Government of Ontario will save and estimated $73 million annually afterwards according to the Auditor General's report.
As governments here in Canada wrestle with the challenge of providing high-quality transportation infrastructure, they should increasingly consider public-private partnerships, or P3s. The record shows P3s are more likely to be built on time and on budget, and they offer greater value for money than conventional infrastructure projects.
I am currently advising a board whose company is a target for a terrorist attack. Many other companies in transportation, utilities, defense, property development and financial services could take a page from below. Here are six areas for boards to focus on to prepare for a possible terrorist attack.
As you walk into the Cowichan Biodiesel Cooperative's processing facility in Duncan B.C., it really does look like a microbrewery. Tanks, pumps, hoses and other assorted machinery are all reminiscent of the brew master's trade. But unlike the yeasty, worty smell that you get at a brewery, the biodiesel processing facility has the faint hint of French fries.
The billions of dollars that the US sends to Middle Eastern countries to import is a choice. This has led Amory Lovins to state that there's more oil in Detroit than in Saudi Arabia. There's actually no oil in Detroit, but the reluctance of auto executives to pursue higher fuel efficiency standards, imposes billions of dollars of cost on North American companies and car owners.
At first glance, the Canadian Pacific Railway contract fiasco of the early 1870s is the granddaddy of all Canadian scandals. But only the tip of the iceberg has been recounted ad nauseam by historians. The real story is far more gripping, and is actually one of the more fascinating events in Canadian business and political history.