Shareholder Confidence in Canadian Tire Plummets Amidst Harsh Ratings of Board and CEO
TORONTO, ON (TOPGUN PRESS) – Mid-year results of Brendan Wood’s Shareholder Confidence Index underlines shareholder dissatisfaction with a dual share structure which places control in the hands of a few whose commitment to a long-term vision is deeply questioned by investors. Shareholders clearly feel that Canadian Tire Corporation is a poorly run and underperforming company with the potential to achieve much more. Investors are very tough on both CEO and Board, the composition of which appears to make concessions to geographic representation as opposed to being selected as drivers of Canadian Tire business. While shareholders feel invited to ‘drive on if you don’t like it’ and hear more of the same in Canadian Tire’s hapless slogan for 2011 “Bring it on” shareholders appear to be saying “Take it away”.
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Mr. Henry S. Brenzel
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hbrenzel@brendanwood.com
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