RE:RE:RE:RE:RE:WCP CEO Grant Fagerheim REMARKS On 'Alberta SEPARATION' ????
Totally disagree with you on M&A especially for a company at WCP size. This company is plenty big to be efficient and synergies are meaningless.
M&A or managing a larger empire is how these CEOs and CFOs try to justify large and growing salaries.
What is needed are smaller executive teams with lower salaries as the need now is to cut cost and be more efficient: no need to expand, merge and do complex transactions which always come with an army of "helpers".
No need for M&A bankers charging a fortune to come up with nice Power Points and justification on accretion and what not. This "old boy club" is a big reason as to how we got into trouble with everyone agreeing to scratch each others back while shareholders eat crow!
A private equity mentality needs to take over here so that money flows to all its rightful owners and not just a few at the top owning a tiny percentage while receiving large salaries removing any wipe-out risk.