No offence, you talk like if SNC didn't take the contract it would go over seas. I highly doubt this is true and most likely whats actually true is the contract didn't properly go up for tender so that all companies within Canada can put a bid in.. What probab;y happened is that process was circumvented, the contract given to SNC for a set sum without having lower bids offered.
This thread is venting, but its venting about factual information.
Yes, Canada has a huge problem within our government and poloticians on all sides.. Is their such a thing as an honest politician? They exist, but are about as rare as a purple unicorn.
Whats power corp?
essentially power corp is the leading shareholder in Canada Incorporated, mostly owned by the richest family in canada the
Desmarais.
wiki tries to be unbiased so ill put that up
Power Corporation of Canada is a management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.
Politics
The corporation has been criticized for its participation in Canadian politics through its relationships with prominent politicians, including several prime ministers and provincial premiers.
[6] Critics "occasionally charge that the family’s political connections give it unfair advantages," says the
New York Times in 2007.
[6]The company has been known to defend
federalism in Quebec.
Paul Desmarais, Jr., was one of thirty members of the
North American Competitiveness Council, a group whose advice directed the policies of
Security and Prosperity Partnership of North America (SPP).
Several former
Canadian prime ministers have occupied a position on the management team or on the board of Power Corporation, of one of its group companies or of its international advisory council. A brief summary of the connections between Power Corp. and those with political power in Canada is below.
Former
Prime Minister of Canada Paul Martin was hired in the 1960s to work for
Paul Desmarais, Sr. by
Maurice Strong. Martin became President of
Canada Steamship Lines, a subsidiary of Power Corp., and in 1981 Desmarais sold the company to Martin and a partner. Martin went on to make his personal fortune as an owner of CSL.
Former Prime Minister of Canada
Jean Chrétien sat on the board of Power Corp. subsidiary Consolidated Bathurst in the late 1980s, before he became the leader of the Liberal Party of Canada. Chrétien's daughter
France is married to the son of
Paul Desmarais,
André.
Chrétien's long-time aid
[33] and chief policy advisor
Eddie Goldenberg also worked in the past for Power Corp. John Rae, strategist for Chretien, served as Power Corp.'s executive vice president.
[34] His is the brother of former interim
Liberal Party of Canada Leader
Bob Rae.
[33]
Former Prime Minister of Canada
Pierre Trudeau served in the mid-1990s on Power Corp.'s international advisory board. Trudeau's assistant Ted Johnson also worked for Power Corp. During the Trudeau administration,
Michael Pitfield held a variety of positions in government, but during his time in the private sector, he was at one time a Vice-Chairman of Power Corp.
Former Prime Minister of Canada
Brian Mulroney also has a relationship with Power Corporation. Mulroney's friend
Ian MacDonald described Desmarais as "Mulroney's mentor in the business world", and it is believed that Mulroney has done legal work for Power Corp. since the end of his term as Prime Minister. Additionally, former Mulroney Minister of Transport
Don Mazankowski served as Power Corp.'s company director.
Former Premiers of Ontario
Bill Davis and
John Robarts of the
Progressive Conservatives have both sat on Power Corp.'s national advisory board.
Former Premier of Quebec
Daniel Johnson, Jr. worked for Power Corp. from 1973 to 1981, and in the last three years of this term was a Vice-President of the company.
Former member of the Liberal Party of Canada
Maurice Strong became President of Power Corp. by his mid-thirties. He had a role in the creation of the
Canadian International Development Agency, and in 1976, he was appointed to run
Petro-Canada. He later worked for the United Nations.
Power Corp.'s international advisory board has featured individuals such as former
German Chancellor Helmut Schmidt, former oil minister of Saudi Arabia Sheikh
Ahmed Zaki Yamani, former head of the
US Federal Reserve Board
Paul Volcker, and the previously mentioned former Prime Minister of Canada Pierre Trudeau.
The former
Caisse de dépôt et placement du Québec's President and CEO, Henri-Paul Rousseau, acted as the vice-chairman of both Power Corporation and Power Financial Corporation starting in 2009 until January 2018.
[9][35]
