Karl Moore, Professor of Business Strategy, McGill University discusses the hurdles Bombardier faces and why he says it's inappropriate to compare Bombardier with other Canadian corporate titans that have fallen from grace.
Read full article: BBN, July 24, 2015
Bombardier's new CEO is expected to be on the hot seat next week as he meets for the first time with shareholders who are clamouring for a turnaround plan after enduring a rough year by the struggling transportation giant. After just six weeks on the job, Alain Bellemare is unlikely to be blamed for the company's poor financial performance, which drove its shares down 45 per cent in the past year and 66 per cent since 2011.
In a dramatic shakeup at family controlled Bombardier Inc., Pierre Beaudoin is stepping down as president and chief executive officer while his father, Laurent, is retiring as chairman and there are plans afoot for the possible sale of some business units.
Former United Technologies Corp. executive Alain Bellemare is set to replace Pierre Beaudoin – who held the CEO position for 6 1/2 years – on Friday and Pierre Beaudoin will become executive chairman of Bombardier.
Plusieurs entreprises québécoises ont connu une année mouvementée en 2014; si certaines ont réalisé d'importantes acquisitions, d'autres ont procédé à des suppressions d'emplois massives, se sont départies d'actifs et ont même mis fin à leurs activités.
... «L'entreprise anticipait des millions de dollars en revenus pour la CSeries et ils ont finalement dépensé beaucoup plus que prévu», fait remarquer Karl Moore, professeur associé en stratégie et leadership à l'Université McGill.
The problem is not that Bombardier Inc. played a complex shell game since at least 2010 by refinancing and redirecting US$500 million of its financing activities to Luxembourg, a notorious tax haven.
... Ken Lester, adjunct professor of finance at McGill University’s Desautels Faculty of Management, said in an interview that “this is a social thing we have to resolve.”
Bombardier est sur les rangs pour obtenir une commande d’appareils CSeries du transporteur Ethiopian Airlines.
The restructuring at Montreal-based Bombardier Inc., as painful as it is with the loss of another 1,800 jobs, actually is a positive development for the aerospace company, analysts say.