Originally Posted by Jazz

I had no knowledge about his background earnings and wealth. Thanks, Atlas, for enlightening me. Now his generosity doesn't seem so outstanding anymore.


In the opening post it only says he gives up his pension and bonuses, not his salary!! He still brings home enough bacon!!!

Anyway, it is still a good and inspiring gesture in these tough times where so many ordinary Canadians are put hard to task to provide just the basics for their families. I see it every day!

Thanks, Frogen, you expressed it very nicely.

Originally Posted by Atlas

Again the market will dictate what is excessive, no? Was Bell Canada a government owned monopoly when this guy worked for it? If so, how did me manage the 555% increase?

Originally Posted by White Doors

No, it was a publicly traded company.

Originally Posted by Atlas

Was it a monopoly? Did other companies offer the same service?

Originally Posted by White Doors

Complicated answer. Short answer is no.

Deregulation has been a long process in Canada, but at no point was he an executive with Bell Canada when it was a true monopoly.

Originally Posted by White Doors

Why? He gave it back to a large conglomerate in Bell and a large bank this time...

Would it not have been better for society to have accepted the money and then donating it all (after taxes) to charity?

Why is it better for Desjardins to have the millions than Sabia?
Large Corporations are more ethical than individual people?

Is that your message?

Originally Posted by Atlas

Again the market will dictate what is excessive, no? Was Bell Canada a government owned monopoly when this guy worked for it? If so, how did me manage the 555% increase?

Originally Posted by Jazz

No, I don't think Bell was ever a government owned monopoly, they were just super greedy while they had the monopoly.

I understand WHY I'm being chided for applauding Sabio. He made no real sacrifice by giving up his pension and bonuses for the next few years. The point, though, is that there are lots of rich people like him who do not give up any spectacular amount. they might give regularly to charity - we don't know that. It is possible that Sabio chose to forego his pension rather than giving it to some charity, because this way he would get into the news. Maybe that's what he wanted.

Originally Posted by Atlas

I'm not chiding you, my friend. Please don't ever take the general tone on these boards as a serious admonition.

I was asking some serious questions that I didn't know the answers to, about the nature of the Bell monopoly and so on.

I apologize if my tone sounded strident. It was not my intention

Originally Posted by Jazz

Geeezzz...am I ever glad I'm not married to you!!!

Can you not accept his freedom of choice? huh? Grrrrrrr....