Monthly Archives: November 2015

Valeant story continues

Posted by & filed under Executive Compensation, Personal Tax.

Description: Valeant pharmaceuticals continues to be in the business press, with word this week that Goldman Sachs sold a huge chunk of CEO Michael Pearson’s shares in order to collect on a $100 million loan it had made Mr. Pearson. Apparently Mr. Pearson did not want his shares to be sold, though they had been… Read more »

Tracking down the secret payments

Posted by & filed under Accounting Principles, Auditing.

Description: Grabbing much attention in the Ontario media in recent days has been the ongoing discussion about secret payments by the Ontario government to the province’s teachers’ unions. During negotiations, the government paid approximately $3.7 million to the unions to cover various administrative costs associated with the negotiations. This week a legislative committee in Ontario… Read more »

Maybe the last of his kind

Posted by & filed under Accounting Careers.

Description: It was the type of headline that reaches out and grabs your attention: “Last of a generation of Bay Street vetrans.” The obituary went on to discuss the life and career of a stock trader, John Aiken, who had a remarkable career of 70 years. When he retired at age 87, he told the… Read more »

Costing things out at the post office

Posted by & filed under Canadian Government, Managerial Accounting.

Description: During the election campaign Justin Trudeau promised to suspend the previous government’s initiative to end home delivery of mail. And, in anticipation of the new government taking office, Canada Post has interrupted its plans to make scheduled cuts to the home delivery service. While this move may be politically popular, a analysis of the… Read more »