Wednesday, March 07, 2007

Drink deep, or dabble not in the Socialist Spring

In light of the recent news and fallout from RIM's stock option screw-up, I thought the following opinion piece in today's Financial Post might be of interest - "Jim Balsillie's Governance Follies".

The "governance" problems at BlackBerry-maker Research in Motion highlight a profound irony. Co-CEO Jim Balsillie, who took responsibility for the options governance cock-up that will cost the company US$250-million in restated earnings, is the primary private- sector promoter of something called the Centre for International Governance Innovation (CIGI)...



...CIGI was set up in 2002, when Paul Martin, whose sharp-elbowed lust for the prime ministership always stood in distinct contrast to his mushy feel-good internationalism, was on his way to Sussex Drive. Mr. Balsillie and his partner, Mike Lazaridis, kicked in $30-million. You, the helpless taxpayer, kicked in another $30-million. Bet you didn't know that, did you?

International governance is a variant of "global governance," whose "shadowy promoter" is Canada's ubiquitous Maurice Strong. Mr. Strong had a profound influence on Mr. Martin's brand of globaloney. Mr. Strong sat on CIGI's international board of governors for a couple of years, but left/ was removed in 2005, the year the Iraqi oil-for-food fiasco, in which Mr. Strong was implicated, hit the fan...

Read the whole thing. It's quite entertaining.

I'll bet Jim Balsillie isn't a big fan of Alexander Pope.

10 comments:

RepoCreepo said...

Hes back! Right wingers, cons, etc are labeled as racist and anti french. Out of his own mouth, Garth Turner has publicly critisized Dion's ability to speak french.

http://repocreepo.blogspot.com

More double standards from everyones favourite whipped boy.

Joanne (True Blue) said...

Repocreepo - Wow! Thanks. This is what we've been waiting for. Awesome.

PGP said...

Thanks for the quote from Pope! Always been one of my favorites.

" How happy he, who free from care
The rage of courts, and noise of towns;
Contented breathes his native air,
In his own grounds. "

As for Balsillie and the CIGI I did not know! Also another odiferous connection to Chairman Mo!
No surprise that the Libs donated Canadian Taxpayers money to the project though...I think it bears looking into how much was contributed by other countries! Just to see if we are the main group of suckers in yet another cash for Liberals scam.

vicki said...

As PM Harper gives $$ back to Canadians in areas that have been neglected for many years, the media are busy tallying up ...a few billion now.
Just curious, where were they when these little back seat deals were being done?

Joanne (True Blue) said...

Just to see if we are the main group of suckers in yet another cash for Liberals scam.

Canada, thy name is sucker. Ever hear about Kyoto?

Red Tory said...

LOL. What a group.

Creepy Guy: Out of his own mouth, Garth Turner has publicly critisized [sic] Dion's ability to speak french.

JJ: Wow! This is what we've been waiting for. Awesome.

Huh? That's what you've been waiting for?

BTW, not that accuracy seems to matter to many of you folks, but here's the actual quote from Turner: "Dion has to work on his English. I've told him that and I'll tell you that."

I think Dion's French is just fine.

Joanne (True Blue) said...

Just curious, where were they when these little back seat deals were being done?

Exactly what I was wondering, Vicki.

Joanne (True Blue) said...

Red - Back to your nitpicking, are you?

Red Tory said...

Call it nitpicking if you like.

"At every word a reputation dies."
-- Alexander Pope

Joanne (True Blue) said...

"At every word a reputation dies."
-- Alexander Pope


Mmm... Good one.

I think you need to cut folks a little slack when it comes to comments though. I don't think it's necessary to be so fastidious. Repo provided the link. It was clear what he meant.

However, at your place you go ballistic over spelling.

Chacun à son goût.