John Manley’s New Gig

this post is invalid as it does not contain references to multiculturalism, immigmants, refugees, women, invalids and children that are a burden on the working canadian man. wait.

You mean yours?

That is just it.
Nothing manley ever did or say was relevant to Nortel.
He already proved that.

http://www.financialpost.com/scripts/story.html…

As a former politician, John Manley understands that the politically expedient thing for policy makers is to over-regulate in the aftermath of major events — a financial crisis, for example — to ensure history does not repeat itself.

But in his new job as president of the Canadian Council of Chief Executives, the former deputy prime minister and finance minister said it will be his task to persuade policy makers to think before regulating.

“That's entirely appropriate, but we have to make sure that regulation is not stupid, that it doesn't lead to a loss of innovation and entrepreneurial-ism, because that is what will ultimately lead the economy to recover and to respond.”

(look what fraud did to the economy and shareholders and he wants less regulation?)

“He is currently senior counsel at McCarthy Tetrault, and sits on the boards of Nortel Networks Corp.,…”

(McCarthy Tétrault is the law firm representing Frank Dunn who Nortel fired !!!)
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1.) John Manley is currently senior counsel at McCarthy Tetrault, and sits on the boards of Nortel Networks Corp.,
2.) McCarthy Tétrault is the law firm representing Frank Dunn!
3.) Frank Dunn is suing Nortel for wrongful dismissal (as fraud charges loom on both sides of the border)

How can a board member's law firm where he is senior counsel defend a fired CEO who is suing the company he sits on the boards of? How is this legal and not a conflict of interest.

Nortel refused to chase past officers even after repeated requests, following the fraud, and instead they spent a million bucks defending a handful of them… Manley traded his traditional options for cash ( a stunt that created and not seen since bonusgate options for cash scandal) amid bankruptcy when they were cutting severances while increased lawsuit insurance to $300M who's premiums like their new legal fees get paid before creditors… and this guy wants less regulation…

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http://www.canada.com/topics/news/story.html?id…

In a statement released after the charges were announced, Dunn’s legal counsel, McCarthy Tetrault LLP, stated: “We are confident that the evidence will demonstrate that Mr. Dunn acted honestly and diligently in the interests of Nortel’s shareholders and employees at all times, and that he will be acquitted of these charges.”

“In this challenging business environment, Frank Dunn rescued the company by implementing a painful and massive companywide restructuring plan,” his legal filing declared.

Beatty and Gollogly are suing Nortel for wrongful dismissal.

http://www.thestar.com/article/446516

McCarthy Tétrault, the law firm representing Dunn, said it expects him to be acquitted.

“We are confident that the evidence will demonstrate that Mr. Dunn acted honestly and diligently in the interests of Nortel's shareholders and employees at all times,” the law firm said in a statement.

Dunn is suing Nortel for wrongful dismissal.

QWhy people like Manley with the history of failures are still trying to lead the country?
In other countries /Europe/ if you_public see wrong doings with a naked Eye, the person_politician is finished!

In England they outlawed bank charges, Greece outlawed casinos yet our NDP of all parties passed this at a pen stroke, than the mob in a wile west town after years, even Europe got Microsoft on Antitrust where NorthAmerica could not or didn't… there are multiply more millionaires in Europe too and by far greater injustices here. Yet we North America commands the greatest clout in so many areas.

I shake my head at the supposedly most advanced countries who's crime rates and scandals don't bode well when policing the globe under the guise of human rights and compassion.

Major change is always well overdue here, and since we can not socialize into the masses as in Europe, perhaps greater humanities education is in order, an education our mean spirted Harris wanted to scrap too for its relevance to the work force.

We also have to be careful to institute the right policies in our great Canadian Establishment that might get warped by grandfathering an elite, after all, we don't know how the kids will turn out, …but all this will change in a decade or 2 with immigration reversing who the minority are =) Less cronyism and more performance based leadership.

I see the via union won.
More money for the union.
Just like the ottawa bus drivers.
Just like the Auto Assemblers.
You want to make it in Canada be in a union.
Jimmy Hoffa is alive and well in Ontario.

The Ottawa Police want to have their budget increased by at
least 15 million dollars, however 83 percent of that budget already goes
into just paying salaries, something is just wrong with that number, no
business could operate with a labor cost that high and this means that this
is just another case of Unions having to much of a stronghold in this
Country. One of our leaders should have the guts to simply fire the whole
police force, therefore disbanding the union and then re-hire the police force
on an individual salary review.

Canadian Taxpayers are going to be on the hook again
for who knows how many millions of dollars for hearings
about Air India which went down near Ireland.
Air India is not a Canadian company, the bombers were not
Canadian, most of the victims were not Canadian and the plane
did not go down anywhere near Canadian soil, stop wasting
Canadian Taxpayers money.

The Federal Government should look into the office of
Stephan Lewis, the odds are quite high that he had
something to do with the planning of those 150 people that claimed
refugee status from the Aids Meeting. Over the last sixty or so years
the West has given the third world Trillions of dollars in aid, most of
which landed in the hands of tin pot dictators to buy weapons that
they use to kill their own people, it is time the West cut off all aid
to the third world and let them learn how to survive or die on their own.
Those 150 people are here illegally, send them home.

Corruption : Anyone that is Liberal.
Trudeau was the worst one, he ruined the Country with three Bills,
Multiculturalism, Bilingualism, and the Canadian Charter of anything that is not Canadian Rights.
Chretien, What he did was obvious.
Martin, I did not know that he was a Native, but he must
be because his Company pays Tax to a foreign Country.
For all we know the Liberals may have funded the FLQ.

Most people may feel that all the Political Parties are equally untrustworthy,
however in recent history the main fact is that the Prime Ministers have
all been from Quebec.
Harper will be tossed and a new one from Quebec will emerge.
Canada has far two many parties.
Should be just two like the U.S.
Dump the block and the ndp..or keep the ndp and dump the liberals.

What is a Canadian liberal in context? In the US a liberal is generally left-wing, union supporting, pro choice, social systems, gun control, etc.

I don't see how he [Manley] supported the people at all – employees, pensioners, shareholders – how is he “liberal”? In fact, he looks to be what I would consider a pro-business stance, more Republican.

I ask the question wanting to learn, not to flame any US versus Canada or Right versus Left debates.

Let's be clear here.
There never was a board of directors at Nortel.
It was in name only.
In reality it was the balcony muppets.
The only thing they directed was misdirection.
Who cares when or if manley jumps ship.
The ship has sunk.
The only explanation for an extension is they don't plan to
have Enterprise, MEN, CVAS or LTE patents (if any left) sold off by then.
They are probably throwing out a worst case date.
Interesting to see what will be left of Nortel Christmas Day.
I wonder if even the name will exist.
Likely all that will be left are small businesses that were part of Nortel
which nobody wanted. They'll likely kill them off in a years time.
I can see the Zmails now from mike to the three dozen employess left at business
services.

In Canada, the party you belong to is the one most likely to get you elected in a given region. It's a sham.

Don't worry. He will recommend Mike Z to this group when he is finished with Nortel. Probably Frank Dunn too.

“John Manley is not manly” — good one

“He stands for nothing. He IS nothing”
Maybe he should have been cast for a role in Seinfeld.. a show about nothing.

yes it is a looby group primarily. he gets paid to lobby, influence and peddle his contacts.

Here is one of the goals of the Canadian Council of Chief Executives http://www.ceocouncil.ca/en/innovation/research…

Some of the info on the site seems soemwhat Dilbert-like given the distinct lack of action by all of the political parties on the Nortel file as it colapses into oblivion.

“Research and Development
Maintaining a business environment that encourages more world-class research and development to be done and to be put to use in Canada is essential to our future prosperity.”

“The federal government has done a superb job in recent years of boosting support for research and development through Canada's universities and colleges. Enhancing the supply of highly trained researchers, and enabling them to carry out leading-edge research, provides an important foundation for Canadian competitiveness.”

“The next step is to encourage more successful commercialization of university research. Canadian universities spin off twice as many start-up companies per dollar of research as their American counterparts, but receive only half as much in licencing revenues. Canada appears to be good at starting businesses based on research. Now it must improve its record at growing these businesses.”

and:

“Canada's tax incentives for industrial research are among the most generous in the world, but two issues need to be addressed. First, the tax credits are of limited use to small start-up companies that have yet to become profitable. Second, while the R&D tax credits encourage companies to conduct research in Canada, other aspects of tax policy appear to discourage companies from exploiting the results of such research from a Canadian base.”

I wonder how John will explain the loss of Canada's largest and most significant technology company over the past several decades, even while someone of his stature and political connections was sitting on the board. Seems like when push comes to shove, the political will was not there to step in and take action in our non-unionized knowledge worker institutions. So, what will Canada get out of the Nortel collapse? Our political institutions seem incapable of ensuring that any of the past investments in SRTCs and Education will result in anything for Canada. Oh well, back to hewing wood and selling off our oil and gas I guess. Even when a Canadian company overcomes obstacles and somehow becomes a global player, we seem predisposed to let them die without a murmur of discontent.

Get in yer paddle and push off.

Here is one of the goals of the Canadian Council of Chief Executives http://www.ceocouncil.ca/en/innovation/research…

Some of the info on the site seems soemwhat Dilbert-like given the distinct lack of action by all of the political parties on the Nortel file as it colapses into oblivion.

“Research and Development
Maintaining a business environment that encourages more world-class research and development to be done and to be put to use in Canada is essential to our future prosperity.”

“The federal government has done a superb job in recent years of boosting support for research and development through Canada's universities and colleges. Enhancing the supply of highly trained researchers, and enabling them to carry out leading-edge research, provides an important foundation for Canadian competitiveness.”

“The next step is to encourage more successful commercialization of university research. Canadian universities spin off twice as many start-up companies per dollar of research as their American counterparts, but receive only half as much in licencing revenues. Canada appears to be good at starting businesses based on research. Now it must improve its record at growing these businesses.”

and:

“Canada's tax incentives for industrial research are among the most generous in the world, but two issues need to be addressed. First, the tax credits are of limited use to small start-up companies that have yet to become profitable. Second, while the R&D tax credits encourage companies to conduct research in Canada, other aspects of tax policy appear to discourage companies from exploiting the results of such research from a Canadian base.”

I wonder how John will explain the loss of Canada's largest and most significant technology company over the past several decades, even while someone of his stature and political connections was sitting on the board. Seems like when push comes to shove, the political will was not there to step in and take action in our non-unionized knowledge worker institutions. So, what will Canada get out of the Nortel collapse? Our political institutions seem incapable of ensuring that any of the past investments in SRTCs and Education will result in anything for Canada. Oh well, back to hewing wood and selling off our oil and gas I guess. Even when a Canadian company overcomes obstacles and somehow becomes a global player, we seem predisposed to let them die without a murmur of discontent.

Get in yer paddle and push off.