RE: RE: RE: RE: in times of uncertaintyA few things here.
The present CEO was part of Mr D'Aessandro's team.
So these very terrible products you talked about were also under the present CEO's watch back then.
Please tell me what is wrong with these products?
Are they losing money on these products?
No one violated OSFI's regulations.
The CEO cut the dividend and saved the Company about $800M for a whole year
yet MFC lost $2.4B in only the last Quarter,and isn't the capital ratio still way above
the OSFI's requirements?
The new investors are happy that they can buy MFC very cheap now with over 4% div yield,
but think about the older investors who bought MFC earlier and seen their Dividend chopped
into half and seen their investments wiped out because of no compuncture from this CEO.
I like MFC but not the Capt who is sailing it.