RE:He willl tell martel what to do also, why should this changeMartel seems pretty good to me but at this stage of the company, he was probably not the right guy for the job. The new CEO needed to be a strong financial type, someone like PT... because its so obvious that the debt is the elephant in the room. Nothing else really matters. We'll see in 2 days, he's had 4 months to deal with the debt if nothing happened there at all then we'll know - that he's doing things right but not doing the right thing.
* The debt is so high that the operating EBIT barely makes a dent in it even with stellar performance.
tinou wrote: I totally agree with Johnney on this. Martel was Beaudoin's employee for several years. It is hard to believe that Beaudoin will change his style with the return of a former employee. I can see some important storms in the future for BA unless Beaudoin changes his style. It will be interesting to see how Martel will deal with this. I hope that Beaudoin lets his manager manage.