Keeping CEOs from making dumb decisions has won fans among Canada's biggest money managers. In the majority of cases, you would have been better off as a shareholder if the companies had paid out extra money to you, rather than reinvested it. Most management teams are not good at capital allocation, ... Look at BCE Inc.. Instead of buying all those businesses they then had to write off, it would have been better just to pay out the money.
More Quotes from Brian Gibson:
I'll take off work (today). No going to work. I won't be able to speak.Brian Gibson
Quite the opposite of undermining the competitiveness of the economy, trusts actually improve things. Capital ends up getting invested in things that make sense.
Brian Gibson
Management is basically going home on Friday and coming in to work on Monday in the same job with the same responsibilities. I can't imagine how any self-respecting director would agree to an arrangement like that . . . In Calgary, in particular, it seems like it's just a standard thing to do. When there's a corporate development of any kind, management just put a lot of money in their pockets in the process, regardless of whether they created value or not.
Brian Gibson
We have not found, at this point in time, a candidate that the commission has all agreed on. And we continue to look.
Brian Gibson
I don't come in with the desire to change anything particular or with a special vision to go anywhere different from where we've been. I want to build on the excellence on what's been there. I'm looking forward to building on what we've had.
Brian Gibson
Generally we don't like them as a basic principle. In some cases it is working reasonably well from a shareholder point of view and that has to do with the people involved.
Brian Gibson
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Based on Topics: Capital Quotes, Majority & Minority Quotes, Money & Wealth QuotesBased on Keywords: bce, reinvested
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