This week, the blog has been taken over by your neighbours up North, bringing you four “Province” awards (they’re like states for those of you not up to date on your Canadian geography) AND some fun trivia.
The Saskatchewan Award: Management Innovation – Whole Foods, Inc.
Much like Saskatchewan is known as the Breadbasket of Canada, Whole Foods is quickly making a name for itself in the grocery world through its wholesome products and ethical behaviour. Lindsay highlights this as the cause of her exploration of the company for Paper 2 research. She mentions she finds them interesting because of their “different business model and the fact that the company is trying to make a difference in the world.” We at the Canadian Blog Academy applaud Lindsay for her unique idea, and wish her all the best in her further exploration of the company.
Did you know: Uranium City was a thriving town in Saskatchewan until 1982 due to the many open-pit mines operating in the area. After the closure of the mines led to an economic collapse in 1983, the population dropped to 201, and it is now considered a ghost town.
The Quebec Award: Fannie and Freddie
Depending on who you talk to, Quebec is as sore of a subject to Canadians as Fannie Mae and Freddie Mac are to the U.S. Government (especially if you ask Maple Leaf Fans). Loukas discusses this tense relationship to the government in his blog post. As he puts it, “There are numerous lawsuits against these companies outstanding, concerning everything from foreclosed properties, securities fraud, and misleading investors. Adding in the element of government being so closely tied with these companies could certainly put a twist on the classic shareholder/stakeholder debate.” We are certainly interested in hearing about a sector of the government who doesn’t quite play by the rules in his next paper.
Did you know: Québec, Alberta and Manitoba are the only three provinces in Canada where the drinking age is 18. In all other provinces, the drinking age is 19.
The Nunavut Award: Another One Bites the Dust
Wes states in his blog post that his case “describes how large financial institutions, such as Barclay’s have become too big to effectively be dealt with.” Well, some people would claim this is the case with Nunavut, in regards to land size: “Too big to effectively be dealt with.” But back to the post. We thought Wes presented an interesting case that ties in directly with our recent discussions in class. He writes, “I wanted to find a case that discussed both the issue of shareholder value thinking and how financial institutions have grown to large to be dealt with effectively.” We can’t wait to hear how his analysis of the case turns out.
Did you know: Nunavut covers more than 2 million square kilometres, about a fifth of Canada’s total, and there is only one paved road in the entire territory.
The Ontario Award: “Pay for Performance”
Ahhh, the Province after my own heart. And also the financial heart of Canada. This is why we are giving Stephanie the Ontario Award, as she discusses the dangers of CEO overcompensation. She writes in her post that “the average CEO of a major corporation made 85 times the average hourly worker’s pay in 1990, and by 2000, average CEO salary was calculated to reach an unbelievable 531 times that of the average hourly worker.” This theme was brought up again in our reading for this week, and we are curious to find out Stephanie’s thoughts.
Did you know: The longest street in the world runs through Ontario. Yonge Street starts at Lake Ontario and runs north through central and northern Ontario, making its total distance over 1896 kilometres (1178 miles to y’all). ***Also, I am a three minute walk away from this street in downtown Toronto.