Monthly Archive: November 2020

Make haste slowly

The just-released memoir by former Bank of Montreal CEO Tony Comper is an unusual achievement. To the best of my knowledge, no other Big Five Bank CEO in the modern era has published a memoir. In “Personal Account,” Comper writes that he didn’t want to follow the usual “when I was three” chronological rendition. Instead, he picked out twenty-five incidents in his business life that demonstrate qualities of leadership or character. Among them is his explanation how he went into banking rather than join the priesthood or become a professor teaching Chaucer. With help from Calgary-based ghostwriter Bruce Dowbiggin, Comper...

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Ups and downs

My morning paper delivers good news and bad. Today’s edition contained a legal notice under the Companies’ Creditors Arrangement Act (CCAA). CCAA is the last gasp of a firm that has become insolvent. Justice James Farley, who reigned from the insolvency bench and has now retired to arbitration work, delighted in pronouncing CCAA as “caw.” Farley had other jokes, too, that always made the lawyers who appeared before him laugh uproariously. He liked to hear their laughter; they hoped it would improve their cause. The legal notice was for Sears Canada Inc. and was aimed at unsecured creditors, the last in...

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