John Seaton

BCE Inc.'s LBO: Board Should Take C$36, Forget about Break Fee

Hi Watcher 001
You hid your comments behind a code name so you don't have to be accountable for your opinions--coward, note that I sign my name.
You seem to mix two complaints--excess salaries and the desire to protect what teachers have in our pension.
On the first point you and your various governments paid these salaries over the years--probably because some enlightened citizens thought that buying the best talent to teach the next generation was important. Remember that in a democracy the majority makes the decisions.
On the second point we as a group are sharp enough to know a bad deal when we see it. Judging by the losses some have incurred on BCE some others were not so sharp. If they had done due diligence and looked beyond the ratios etc they would have seen what main street sees. Please google BELL SUCKS, BELL PROBLEMS or BELL KEVIN CRULL and see for yourself the hate that is out there for BCE. It will take years if ever to regain the trust of customers.
It is true that the management of Teachers has done an excellent job over the years gaining returns that you have probably not obtained yourself. Now we have a new pension team investment leader and it is important to perhaps reduce the aggressiveness of the fund in the short term. Now is not the time to gamble on a dog like Bell. I hope you don't have anly BCE shares as they are even lower now. We are not that stupid to pay $42 a share for shares that keep tanking. If our team does not get the message and change strategy for the times then they must be replaced. We don't want to lose what we have. The fund is still underfunded so we will likely in the future have to share what we get so everyone will get something.
Wait until the our retail tenants start failing and vacate the retail space we own. You might get the last laugh.
Happy Holidays watcher 001
John Seaton

On Dec 03 01:02 PM Watcher001 wrote:

> So the financial community, and by extension retail investors such
> as myself, are greedy at the expense of the poor teachers? Is this
> what you're saying Mr. Teacher?
>
> If it is, then here's my reply to you, John:
>
> You truly are a hypocrite! How many times in the last twenty years
> have the teachers used strikes etc. to extort ever increasing amounts
> of money from the taxpayers? I'll suppose you'll call it fair compensation.
> I don't agree.
>
> Here's another question Mr. Teacher. Why do you think you deserve
> a gold plated pension plan indexed to inflation and guaranteed by
> the Province of Ontario while the rest of us, who pay your bills,
> get no where near this! Some of us have nothing at all.
>
> You're pissed off? What about us you narcissist?
>
> As a closing observation, I find it truly strange that few teachers
> complained when their much vaunted OTPP grew ever fatter by the day
> until it eventually reached $108 Billion in assets. Now things have
> turned sour and you want out. Not much surprise here.