1 of 1- geo
- Unregistered
A LITTLE RED MEAT FOR CORPORATE BROADCAST HATERS
Today's Financiall Post reports that CORUS received $34 million from the Canada Emergency Wage Subsidy, and used it to pay $34 million as dividends to its shareholders. Defenders state that this was not a new dividend but rather continuing its dividend rate and go on to say that a cut or suspension always comes in line with a selloff
geo
P.S. - does Corus have a staff profit-sharing plan that involves stock? If so, maintaining the dividend would likely have been rec'd by those people as a positive thing
Side-note to Charlie: You're an expert on this kind of thing; how do you read it? (I would have sent you a p.m. but it says you're not accepting messages there)
Last edited by geo (December 5, 2020 2:45 pm)
- Chrisphen
- Member
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Re: A LITTLE RED MEAT FOR CORPORATE BROADCAST HATERS
Global's continued existence seems to be a crime against civilisation at this point.
- RadioAaron
- Member
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Re: A LITTLE RED MEAT FOR CORPORATE BROADCAST HATERS
If the dividend hadn't been met, shareholders would have been screaming for cost reductions. As far as I know, Corus hasn't gone though an end-of-year purge like Rogers. So, in the end, the wage subsidy had the desired effect -- it saved jobs.
- Prod Guy
- Unregistered
Re: A LITTLE RED MEAT FOR CORPORATE BROADCAST HATERS
A Corus employee from Peterborough says Corus has a program where if you buy 2 shares they buy you one up to 5 percent of your salary. They are class B non-voting shares and you can only sell once a year. There's also a pension plan.