After listening to the public commentary of Martin Sullivan CEO of Ocean Choice - one could only be left with a feeling of sympathy for the owners.
The absolute hardship OCI is feeling is hard to fathom. The Hook Line and Sinker sob story that Martin portrayed was really tough to take without tears.
What is wrong with the people of our province - can't we see that the Sullivan's are like everybody else in the fishery? Can't we see the hardship this is causing them personally? They need a job too and they might be too old to be retrained. What about the value of their houses - in communities where the fishery is all but gone? Can't we see that they are under the same pressure as the plant workers in Marystown or the fishers with no fish?
Then there was this bit about them living up to their commitments to government - per their legal agreement for the FPI assets. Martin moaned and groaned about losses since 2007. Yes they must have had a clue that was going to happen when they bid on the assets and made commitments relative to plant operations. They also knew that they could ditch some of these obligations after a period of time or if they could prove financial hardship relative to them.
The investment decision was made based on all of that and they knew that some losses would be acceptable if the value of the overall netted them a profit.
Their interest in Newfoundland and Labrador does come after the interests in their corporation and they should not attempt to portray anything other than this.
More importantly than all of this is the following question which I trust will be asked by our local journalists:
Martin Sullivan stated that some information was asked for verbally and was delivered verbally - this outside information which was asked for in writing and delivered in writing. What was the information asked for verbally and what information was delivered verbally?
2 comments:
What was the information asked for verbally and what information was delivered verbally?
what's that got to do with this issue?
That family fish business turns my stomach inside out. I want to scream and shout about the cronyism that I have observed myself from what they are doing, how come our Government can't see what is happening? I know they do but choose to overlook the situation.
Aren't they aware that cronyism Capitalism and Creative Accounting and Auditing rule the day?
It is time for that fish family to get creative and construct a better model of the fishery in Newfoundland and Labrador before we decide to ask our government to take them out of the business altogether. Yes we want that business to get honestly created and create the real economy that should be created out of the most important coveted, natural protein resource in the World
It is time for Premier Dunderdale to ask the Federal Government for a copy of the Global Free Trade Agreements to view how they have been designed to impact so devastatingly on the fish resource that the province of Newfoundland and Labrador brought into Canada.
Cronyism Capitalism has made many Corporations and their owners rich and it has made the lower down the scale workers of the resource they control very, very poor.
It is time for the Corporations to get out of the chambers of the Government.
The time has come to throw off the yoke of Cronyism Capitalism and Creative Accounting and Auditing.
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