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WestJet pilots vote to unionize

The last time WestJet’s pilots voted on unionization, only 45 per cent were in favour — but times change.

Last Friday, 62 per cent voted to make the Air Line Pilots Association their bargaining agent, despite WestJet’s stance that being non-union represents a competitive advantage.

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Published: 16 May 2017

Public pressure, executive chairman resignation come among wider troubles for Bombardier

Ballooning C Series costs, job losses and government cash all played into the recent investor revolt at Bombardier, but running underneath are other problems: The C Series is picking up steam after a slow start, but faces new hurdles in the form of complaints filed by Boeing.

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Published: 15 May 2017

Public outcry prompts Pierre Beaudoin to give up Bombardier executive role

Public demonstrations and a shareholder revolt weren’t enough to keep Bombardier chairman Pierre Beaudoin from re-election, though he has stepped back from his former executive role.

Bombardier’s institutional investors by and large withheld support for Beaudoin and the executive pay raise, but Bombardier’s two-tiered share structure gives the founding family control; both measures passed easily.

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Published: 15 May 2017

For Quebecers, Bombardier’s shine has worn off

By all accounts, Quebecers have had it with Bombardier, and they showed it during the company’s annual meeting last week. After months of bad news, culminating in government bailouts and 14,000 jobs hitting the chopping block, the word that top execs were getting an almost 50-per cent pay raise made many throw up their hands in disgust.

In response, the founding family doubled down on the executive compensation in the name of retailing top talent.

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Published: 15 May 2017

Bombardier annual meeting turns into crucible for CEO Pierre Beaudoin

As late as Thursday morning, it was still not clear whether Pierre Beaudoin would be able to hang on as Chairman of Bombardier’s board of directors. Even though the founding family’s Class A shares give them over 50 percent of the voting power, the investor revolt that is currently raging is a clear indication that there is a real appetite for change.

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Published: 12 May 2017

Research into project team makeup arrives at surprising conclusion

A research paper authored in part by Desautels Professor and Canada Research Chair in Technology, Management, and Healthcare Samer Faraj compared the traditional management style (where the most experienced person is in charge) with the more self-driving teams that are a hallmark of agile systems development.

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Published: 12 May 2017

Bombardier in major shareholder showdown

The fallout from Bombardier’s executive compensation scandal isn’t over yet. After the company’s recent bad-news cocktail of layoffs, ballooning C Series development costs, and a heavy taxpayer payout, the executive pay issue has raised eyebrows. Several high-profile institutional investors have had enough, and noted that they would be withholding their support — including, but not limited to, the Caisse de dépôt et placement du Quebec.

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Published: 12 May 2017

Desautels alumnus nominated for Wesdome directorship

Wesdome Gold Mines Ltd. has announced the slate of 2017 director nominees to be voted on at the annual meeting, which will be in Toronto on June 21, 2017. Among the list of nominees is Charles B. Main (BCom’79), who has three-decades of mining and finance experience, including positions at Yamana Gold, Normandy Mining, TVX Gold and PriceWaterhouseCoopers.

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Published: 12 May 2017

McGill Dobson Centre reveals 2017 X-1 Accelerator cohort

This year’s X-1 cohort has been announced. It’s a diverse group, and one that boasts participants from the McGill Dobson Cup and the McGill Lean Startup Program, as well as a higher number of women than men.

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Published: 12 May 2017

Welcome new GCPA cohort

The Graduate Certificate in Professional Accounting (GCPA) program is delighted to have welcomed 49 new students, along with a returning cohort of 45 that will write the Chartered Professional Accountants of Canada (CPA) Common Final Exam (CFE) this September.

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Published: 12 May 2017

Desautels alumnus ran brokerage firm, was president of TSX

J. Pearce Bunting  (BCom'52) grew up during the Great Depression, then rose through the ranks of his father’s brokerage firm to become president in 1967. Ten years later, he became president of the TSX and modernized the operation by introducing a computerized trading system.

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Published: 11 May 2017

McGill-HEC Montréal EMBA alumnus gets top job at Longueuil Police

Lebanon native Fady Dagher (EMBA'12) has lived in Montreal since 1986. When he took over from Denis Desroches as chief of the Longueuil police in February, many on the south shore force didn’t want another Montrealer in charge.

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Published: 11 May 2017

Karl Moore on introverts, extroverts, and Warren Buffett

Back in January, Karl Moore took a group of Desautels students to meet Warren Buffett at his Omaha offices. Mr. Buffett is known to be an introvert, and his conduct during the visit bore that out; rather than expounding on everything that came up, Mr. Buffett stuck to speaking on subjects he knows well. He also avoided working the crowd, rather staying with a small group of students and having a full-on conversation.

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Published: 11 May 2017

Maybe it’s time to second-guess the Harvard MBA and its ilk

In a recent op-ed, Financial Times editor Andrew Hill takes issue with the methodologies of the MBA programs offered by the Harvard Business School and other schools worldwide....

Published: 11 May 2017

Desautels alumna and Ericsson senior VP on travel, networking, and engaging others in decision-making

Rima Qureshi (BCom'87, MBA'96) knows all about learning to adapt. In an interview with Desautels Professor Karl Moore, she says that as a highly analytical, self-contained decision-maker, her position as senior VP and North American head of Ericsson has taught her the importance of listening, getting others involved in decision-making early, and finding a common position to build on.

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Published: 11 May 2017

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