David Milstead

I will miss the newsroom and many of my colleagues. I’d like to thank my small, dedicated batch of readers.

And I’d like to congratulate the business leaders of Canada who will no longer see their names under my byline in The Globe.

After more than 15 years of writing for The Globe and Mail as a freelancer and staff member, I left the company in late April.

Gildan pays CEO US$27-million after return to the company following shareholder squabble When combined with a US$16-million severance payment to Vincent Tyra who served as CEO for four months, the compensation costs of the Gildan leadership transition topped US$45-million

www.theglobeandmail.com/business/art...

Opinion: At TD, incentive pay rose as the bank excluded the cost of U.S. penalties from profit calculations TD’s pay-formula profit adjustment is another example of how Canadian companies find it exceptionally difficult to empty the pockets of their executives after extraordinarily poor performance

www.theglobeandmail.com/business/com...

BCE paid bonuses to top executives despite sales, profit and stock-price declines According to S&P Global Market Intelligence, BCE had the worst shareholder return in 2024 of the big three telecom companies

W/ Irene Galea: www.theglobeandmail.com/business/art...

Audit industry regulator to begin identifying accounting firms in its annual reviews Until now, CPAB has been prohibited from reporting which firms have the best and worst records

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Real-estate company Colliers gives CEO stock awards valued at US$48-million after concluding he was underpaid Jay Hennick received a special performance unit award which will only vest if Colliers reaches various market-capitalization thresholds

www.theglobeandmail.com/business/art...

Ten years ago if you had written a dystopian SF story in which the person in charge of U.S. public health did a press event at a fast food joint to say that fried food is good but measles vaccines cause measles the ghost of Philip K. Dick would have said that you were being too bleak and unrealistic

HOOPP, with half of assets in Canada, has no plan to retreat despite trade chaos Healthcare workers’ pension earned 9.7 per cent in 2024, lifting assets to $123-billion

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Hudson’s Bay granted creditor protection to restructure its business Its move to restructure operations follows an attempt to refinance its debt, which fell apart

Canada’s oldest retailer, Hudson’s Bay, has been granted protection from its creditors and is evaluating “potential solutions” for the future of the business.

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Canada’s major stock index drops more companies than it adds in quarterly changes S&P said it will add Endeavour Silver Corp. and gold miner G Mining Ventures Corp. but four other companies will be deleted from S&P/TSX Composite Index

www.theglobeandmail.com/investing/ma...

Total pay for Big Six bank CEOs rose last year, even with declines at TD and BMO The chief executives of Canada’s six biggest banks earned a combined $74.5-million in 2024, up from just under $72-million in total compensation the year before

Supporting @stefaniemarotta.bsky.social :

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S&P considers allowing companies to be included in both Canadian and U.S. stock indexes Until now, S&P Dow Jones has said a company can have just one country of domicile – and that country’s stock indexes are where it needs to be

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RBC paid CEO $26-million last year, including an award for HSBC Canada acquisition Dave McKay received a $6.67-million bonus, more than double his bonus from the 2023 fiscal year

with @stefaniemarotta.bsky.social :

www.theglobeandmail.com/business/art...

TD Bank gives U.S. head $2-million retention award In wake of anti-money laundering scandal, lender pays reduced bonuses for multiple executives

Supporting @stefaniemarotta.bsky.social :

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Opinion: Molson Coors hastens to scrub DEI principles in the age of Trump The company told employees in a Feb. 28 memo that it’s abandoning its work-force diversity goals, citing ‘significant changes to the U.S. legal and policy environment’

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This is outrageous

Institutional investor support for climate issues climbed in 2024 Aggregate support for proposals related to climate-change issues rose from just over 50 per cent in 2023 to almost 65 per cent in 2024, according to advocacy group Investors for Paris Compliance

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This shows that "doxxing" has become a meaningless, catch-all phrase for anything these guys do not like reported. @klong.bsky.social is an impressive reporter, who simply connected the anonymous postings of a self-declared racist to the public identity of someone directly altering government.

Screenshot of text: But people who have known Musk for years say his single-minded willingness to break [Highlighting begins] rules [Highlighting ends] in service of a larger mission is unparalleled. He once told Tesla employees they would lose stock options if they joined a union — a comment deemed an unlawful threat by the National Labor Relations Board and the courts. He has tussled with the Federal Aviation Administration over launching rockets without proper permission and paid fines from the Environmental Protection Agency for dumping wastewater on protected Texas wetlands.

Laws. The word you're looking for here is "laws."

Football sucks. The best part about this particular Sunday is that baseball starts this week!

The Globe made a number of additions and changes to Board Games for 2025. Please click through to see a summary of adjustments, followed by the full methodology.

The Globe’s data partner, Global Governance Advisors, will examine the boards of directors of companies and trusts in the S&P/TSX Composite Index to assess the quality of their governance practices and disclosure. The Globe will publish the Board Games report later this year.

The Globe has committed to publishing the Board Games marking criteria at the beginning of the annual corporate “proxy season.” That’s when most Canadian companies issue their proxy circular that contains the vast majority of the material on which Board Games is based.

Globe and Mail introduces 2025 Board Games criteria The Globe and Mail offers the most authoritative news in Canada, featuring national and international news

For the 24th year in a row, Report on Business’s Board Games project will rate the work of Canada’s corporate boards using a rigorous set of governance criteria designed to go far beyond minimum mandatory rules imposed by regulators.

www.theglobeandmail.com/business/car...

For nearly all those 25 years, I was one of the fortunate ones to receive her messages.

If you’re not familiar, track down Suzanne Craig’s 2006 Wall Street Journal profile for more.

It’s a sad day for the good guys, and the public markets have gotten a little less safe.

Yolanda Holtzee, the champion whistleblower who policed the stock markets, has died.

For 25 years, she emailed regulators and journalists – usually in the same message – about sketchy companies and potential penny-stock scams.

neptunesociety.com/obituaries/l...

Opinion: Trump’s tariffs are about to exacerbate Canada’s productivity crisis. Will our legislators finally take action? If Canada falls further behind the United States and other industrialized countries when it comes to labour productivity, our standard of living will take a serious hit

Trump’s tariffs are about to exacerbate Canada’s productivity crisis. Will our legislators finally take action?

The latest from the Globe's business commentary, by Rita Trichur: https://www.theglobeandmail.com/business/commentary/article-trumps-tariffs-are-about-to-exacerbate-canadas-productivity-…

“People of all strips”?

What's the point of being rich if you can't afford to do the right thing.