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U-Haul

Tuesday January 24, 2012

January 24, 2012 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday January 24, 2012

RIM’s Mike Lazaridis and Jim Balsillie resign

Smartphone pioneers Jim Balsillie and Mike Lazaridis are stepping down from their chief executive roles at struggling BlackBerry-maker Research in Motion Ltd. in a dramatic shakeup that will see Thorsten Heins take the leadership reins as CEO.

But despite a more than two-thirds decline in RIM’s share price over the past year, Heins signalled that he will largely stay the course set by Balsillie and Lazaridis, who will remain significant shareholders and continue to hold seats on the Waterloo company’s board of directors.

“Mike and Jim took a bold step 18 months ago when RIM purchased QNX to shepherd the transformation of the BlackBerry platform for the next decade,” Heins, who will sit on the board, said in a news release. “We are more confident than ever that was the right path.”

In an interview with the Star Sunday night, Heins blasted critics who have dismissed RIM as yesterday’s company, saying it’s still a solid financial performer.

“The perception just doesn’t match the reality,” Heins told the Star. “We’ve got $1.5 billion in the bank, and virtually no debt. We’ve also got a 75 million subscriber base.”

A plummeting share in the U.S. smartphone market isn’t the only measuring stick RIM should be judged by, Heins said.

“It’s not just smartphones. We’ve got a data network, we’ve got services,” said Heins. “In a lot of countries around the world, we’re the No. 1 smartphone maker. In the U.S., yes, there’s a challenge.” (Source: Toronto Star) 

 

Posted in: Business, Canada, Ontario Tagged: Blackberry, Canada, dream, Jim Balsillie, job, Mike Lazaidis, movers, Research in Motion, RIM, U-Haul

Tuesday September 21, 1999

September 21, 1999 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday September 21, 1999

Tri-Town Proponents Start Crunching Numbers

Consultants crunching the numbers for the proposed city of Wentworth will also be looking at that merger’s impact on the region’s other municipalities, and particularly the City of Hamilton.

September 1, 1999

The three towns that would merge — Ancaster, Dundas and Flamborough — know they must look beyond their borders in assessing the impact of restructuring.

Richard Fiebig, Flamborough’s chief administrative officer, said: “We will have to see what the impact is on taxation levels across the region. Based on past experience, I know that is important to the province.”

And he knew that even before the province articulated it recently — Fiebig was CAO-treasurer for the City of Kingston when it was restructured to take in two adjacent townships.

Referring to that merger, Fiebig said, “We had to ensure nobody would be disadvantaged.”

Toronto-based Hemson Consulting Ltd. has been hired by the three municipalities to estimate the costs, revenues and tax impacts of the proposed creation of the city of Wentworth. Ancaster, Dundas and Flamborough will split the $30,000 bill for that study.

Dundas Mayor John Addison says the three towns must show the province their plan won’t adversely affect other municipalities.

November 23, 1999

“We anticipate an adviser would look at that and pull the fuse on the plan. If the analysis shows a negative impact, we would have to work with the other municipalities to minimize any problems, ” he said.

The consultants will also look at the tax impacts of a supercity model, which is favoured by Regional Chairman Terry Cooke and Hamilton city council. Stoney Creek and Glanbrook are exploring a merger of their own.

The municipalities are anticipating the appointment of a special adviser tomorrow or Thursday at latest. Municipal Affairs Minister Steve Gilchrist announced last month that Hamilton-Wentworth is one of four municipalities in the province that will be restructured by the end of the year. The adviser will have 60 days to gather input before making a restructuring recommendation to the province.

Gilchrist wants the restructuring to streamline services, increase accountabilit y, cut taxes, and reduce the number of municipalities and elected officials.

October 23, 1999

If the city of Wentworth becomes a reality, voters in the new city would likely be electing 50 to 60 per cent fewer representatives than the 25 council members currently elected in the three municipalities combined.

The polling firm Environics has been hired to survey public opinion in the three towns. The $27,000 bill will be split among the towns.

Ancaster Mayor Bob Wade says he will welcome the results, even if those polled don’t support the tri-town model.

“We are trying to follow the will of the people, ” he said, “but when we are not hearing from them, it’s difficult. I will be happy to go with whatever the community decides.

“We know remaining on our own is no longer an option. It concerns me that people aren’t letting us know how they feel.”

The consultants’ report is likely to be completed within the next two to three weeks, and Wade anticipates a public meeting at that point.

“I’m reluctant to go to a public meeting before we have the facts and figures to give people, ” he said. – Lee Prokaska (Hamilton Spectator, A6, 9/21/1999)

 

Posted in: Hamilton Tagged: Amalgamation, Bob Wade, dundas, Flambasterdas, Flamboro, Flamborough, Hamilton, John Addison, mayor, Ted McMeekin, Toni Skarica, town Hall, U-Haul

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