The real corporate heroes are grocery executives who deliver financial benefits to shareholders and refuse to bend to politicians. Read on
session in December, during which MPs grilled execs from Empire Co. Ltd. and Loblaw Cos. Ltd. on their companies’ finances. At last week’s meeting, NDP MP Alistair MacGregor made clear his disappointment that Metro Inc. sent CFO François Thibault to appear before the committee instead of CEO Eric La Flèche. In December MacGregor had fumed when Loblaw CEO Galen Weston had sent a senior VP instead of visiting with the committee himself. Now he wanted to know: “Why wouldn’t Mr.
Thibault gave, but a reasonable one — is that the CEO of a company worth $17 billion that employs over 95,000 people might have more important things to do than undertaking the hopeless task of trying to educate parliamentary blockheads on basic principles of business and economics.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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