John Seaton

BCE Deal Delay Hurts

I have commented on this deal on this site three times before from the point of pensioners depending on the solvency ot their Teachers Pension Plan. I have commented that BCE is a dog and now it must becoming apparent to even the nieve trusting teachers. The pretigious auditing firm KPMG questions whether Bell will be viable and whether it can service all this debt and make up their own pension deficit..
The president of Teachers Pension Plan, Jim Leech, does not seem to be able to influence Bell's policy to correct Bell's abuse of customers
BCE (Bell) has a huge deficit in its own pension fund. Will the Teachers Pension Plan end up having to pay out of their funds to top up Bell's pension deficit down the road if the deal goes through and BCE (Bell) merges into the teachers plan.
Google "Bell sucks," "Bell problems" and "Bell Kevin Crull" to sample what Canadians say about Bell. It will take years if ever to turn this perception around.
Ontario Teachers need to clear out the current pension fund management and replace them with more conservative managers for desperate times. No more gambling on highly leaveraged deals with the teachers pension money. Teachers rise up and protect yourselves. Call your Federation