Quote:
Originally Posted by DiracSpike
The main value of the franchise, unless you're the Leafs, is to be a 1/32 share of the NHL. If he or any of the owners wanted to just cash in they could have done it a while ago, they're all sitting on 10-20X capital appreciation. I really don't think they'd go through this 10 year wrestling match with the city just to sell when they get a new arena. And if they did, no one in the entire world is running to buy this team and privately fund an arena so if people want a new stadium and the team to stay here they should come to grips with that scenario you laid out. If it's not CSEC then it'll be some international group of investors from god knows where.
Counter point on CNRL, throughout the last 10 years they were the one company in town that didn't lay anyone off, and that directive was straight from the top. That's despite the fact that there are a lot of people working there that definitely could have been. They purchased international companies that were leaving this backwater basin and took on all their employees at the same wage they were making before, plus a boost for stock matching. They don't always play nice but there's a lot of people in town that owe their pay to them
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It has been solid to not do layoffs, I agree. But the way he manages that company has been far more harmful to industry than good unless your name is Murray Edwards. He’s driven more people out of business than he’s employed and caused mass layoffs by the way that company operates which sure, is their right as a competitive business, but some of the practices are downright ruthless, cutthroat, anti-competitive and cross the line (IMO). CNRL screws over industry on a daily basis, let’s get real here. They’re kinda like Pembina or Tourmaline that way. You’re right though, at least they don’t just fire everyone after an acquisition like Tourmaline does.