Description: In a move to halt the falling fortunes of Bombardier, the board of directors have replaced their CEO, Pierre Beaudoin, with an outsider, Alain Bellemare. Pierre Beaudoin will now be the Chairman of Bombardier in place of his father. Source: CBC Date: February 12, 2015 Video Link: http://www.cbc.ca/player/News/Business/ID/2653563918/ Questions for Discussion: What were the… Read more »
Posts Tagged: Change Leadership (pp274-275)
Tim Hortons lays off 350 workers
Description: Tim Hortons confirmed that it laid off 350 people – these job cuts came mainly at Tim Horton’s headquarters and regional offices. Employees mentioned that they did not see these job cuts coming and were blindsided, especially because when Burger King acquired Tim Hortons last year, there were no indication of job cuts. Source:… Read more »
Target appoints a new Canada head
Description: Target’s success in the U.S. has not yet translated to Canada; in fact, they have suffered huge losses in Canada. As a result, Target appointed a new person to revive its falling fortunes in Canada. Source: CBC Date: May 20, 2014 Link: http://www.cbc.ca/player/News/Business/ID/2458548998/?page=2 Questions for Discussion: What prompted Target to enter Canada in the… Read more »
Can Fairfax save BlackBerry?
Description: Fairfax financial has made a $4.7 billion bid for BlackBerry. This bid amounts to an offer of $9 per share. In 2007, BlackBerry boasted a share price of $230.52. This is a remarkable drop for a company that started the smartphone market. Source: CBC Date: Sept. 23, 2013 Video Link: http://www.cbc.ca/player/News/Business/ID/2408193839/?page=2 Questions for Discussion:… Read more »
Female representation on corporate boards
Description: Maureen Jensen, executive director of Ontario Security Commission (OSC) , discusses new provisions to increase female representation on corporate boards. Presently, corporate boards across Canada include only 14% females. The OSC is bringing in measures to increase gender diversity. Source: CBC Date: July 30 2013 Video Link: http://www.cbc.ca/player/News/Business/ID/2398849816/?page=2 Questions for Discussion: What are some of… Read more »
CEO dismissals highest since 2003
Description: A study on CEOs of S&P 500 companies reveals that the number of CEOs dismissed is the highest since 2003. Source: Financial Post Date: June 18 2013 Link: http://business.financialpost.com/2013/06/18/ceo-dismissals-highest-in-almost-a-decade-study/ Questions for Discussion: What are some of the reasons for the high number of CEO dismissals? Do you see this trend to continue for the… Read more »
Roger’s CEO Stepping Down
Description: Nadir Mohamed, after spending five years as the CEO of one of Canada’s largest companies, Rogers Communications Inc., is retiring in January 2014. Source: CBC Date: February 15 2013 Video link: http://www.cbc.ca/player/News/Business/ID/2335379273/ Questions for Discussion: In your view, did Rogers gain or lose during the time Nadir was its CEO? What were some… Read more »
Lululemon sets its sights on menswear
Description: Lululemon is planning to increase its target market by entering into menswear. Christine Day, CEO of Lululemon, believes future growth will come from this new target market. Source: Global BC Date: January 17 2013 Text Link: http://www.globaltvbc.com/lululemon+sets+its+sights+on+menswear/6442790625/story.html Questions for Discussion: Will men be keen to buy from Lululemon given its strong association with… Read more »
RIM Troubles Continue
RIM Troubles Continue Description: RIM continues to perform poorly. RIM CEO, Thorstein Heins, hints that they are open to selling RIM. Wall Street Journalists discuss possible suitors for RIM. Source: Wall Street Journal Video Date: March 29, 2012 Link: http://online.wsj.com/video/can-rim-survive-the-turmoil/C79D4470-7F3B-4898-AA9B-E7E544B952F7.html Questions for Discussion: Discuss important reasons that led to the eventual decline of RIM? Should… Read more »
McDonald’s growth
McDonald’s new chief executive Don Thompson, who has taken over Mr. Jim Skinner, continues to emphasize on diversification despite the reduction in the compound annual growth rate of the firm’s overseas assets. Link: http://www.theglobeandmail.com/report-on-business/international-news/global-exchange/financial-times/mcdonalds-growth-supersize-me/article2379161/) Questions: Do you think having an earlier CEO like Mr. Skinner has raised the bar for Mr. Thompson? How would we have… Read more »
