In this bi-weekly column, we provide an overview of insider transactions and investments in Quebec companies. He gets $2.5 million thanks to options Bombardier CEO Eric Martel made a profit of more than $2.5 million by exercising stock options earlier this month. Mr. Martel took control of Bombardier in April 2020. Since that date, the … [Read more…]
Stay up to date with free updates Simply sign up for the Chinese Business & Finance myFT Digest – straight to your inbox. Alibaba boss Eddie Wu has strengthened his hold on the sprawling tech conglomerate, reshuffling management again to take direct control of its core e-commerce business as the company loses market share to … [Read more…]
Shares of Quebec multinational Gildan fell more than 10% on Monday following the impromptu departure of the company’s CEO Glenn Chamandy. “Yesterday I received notice from the CEO of Gildan Sportswear that the company was terminating my employment contract without cause. It is unfortunate that my vision for the future differs from that of other … [Read more…]
Facebook parent Meta hosted a media event in San Francisco this week highlighting the 10th anniversary of its Fundamental AI Research team. The likelihood of society getting “cat” or “dog” level AI is probably years ahead of human-level AI, said Meta chief scientist Yann LeCun. Unlike Google, Microsoft and other tech giants, Meta doesn’t particularly … [Read more…]
Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. UN climate negotiations on limiting global warming have focused on renewable energy for too long, according to the CEO of ExxonMobil, the largest Western oil company. In an interview with the Financial Times at COP28 in … [Read more…]
Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Jun Ohta, chairman of Sumitomo Mitsui Financial Group and the driving force behind the bank’s recent wave of expansion in the United States and Southeast Asia, has died at the age of 65. Ohta’s death last … [Read more…]
Metro boss Eric La Flèche has “a bit” the impression that he is playing the role of scapegoat in the hot inflation issue, which he finds unfair. • Also read: Quebecers have managed to beat food inflation, says Metro boss • Also read: The price of nutrient-dense staple foods rises 25% in two years • … [Read more…]