1. Any government would have wanted the justice department to reach a settlement with SNC. Liberal, Conservative, NDP or Green would have pushed for the same thing behind the scenes. It's easy to argue ethics when you don't have the make the decision between thousands of jobs and winning re-election.
2. It is absolutely clear that there was concerted pressure to make her change her mind and I find it unlikely that the PM wasn't aware or involved.
3. A more competent government would have shifted JWR out of Justice when she made it clear she wasn't going to change her mind instead of lobbying her for 4 months.
4. If you want to argue about justice and ethics, how is justice being done when one of the VP accused had his case thrown out because the case took too long and another shifted all of his assets overseas or to family members? Now the ones responsible and in the know are getting away with it, and suzanne in HR in montreal might lose her job?
5. SNC earns the majority of it's revenue outside of Canada, that's profits generated overseas funneled back here taxed here and that supports HQ jobs in Montreal, a lot of those 3400 jobs aren't engineers and one lost support job in one engineering firm does not mean one more is created at an other one.
6. If you don't reach a settlement agreement with SNC and it's found guilty, then it's an automatic 10-year ban from government contracts, Canada is 40% of the firms revenue. Banned from government contracts that % will melt away, what's the point of being domiciled in Canada now?
7. It's been pointed out before, the europeans, americans and other developed/developing countries make use of settlements it's all part of protecting and maintaing their companies. If the federal government says fuck this we're not playing that game, all of the sudden if you're a canadian corporation you've got to ask serious questions. You think Barrick or Gold Corp don't have skelettons in their closets?
8. In 2017 they bought WS Atkins an other giant engineering firm with global footprint based in London, if you don't think that in the middle of Brexit (and all the losses they've been taking) the UK government wouldn't offer them a sweet deal to move their operations, you're naive.
Anyone remember Genivar and it's corruption scandal? What happened? The firm whitewashed its reputation and rebranded as WSP (a british company they had purchased) and no one talks about it.
The outcome isn't that SNC-Lavalin will go bankrupt and that a bad company will have been punished, the outcome is that the company will move to London, rebrand as Atkins and carry on and La caisse won't be able to do shit with their 20% because that's absolutely the right decision from the CEO perspective.
What are you left with? Fewer well-paying jobs, less tax-revenue and inevitably costlier infrastructure projects because you've just removed a major player.
2. It is absolutely clear that there was concerted pressure to make her change her mind and I find it unlikely that the PM wasn't aware or involved.
3. A more competent government would have shifted JWR out of Justice when she made it clear she wasn't going to change her mind instead of lobbying her for 4 months.
4. If you want to argue about justice and ethics, how is justice being done when one of the VP accused had his case thrown out because the case took too long and another shifted all of his assets overseas or to family members? Now the ones responsible and in the know are getting away with it, and suzanne in HR in montreal might lose her job?
5. SNC earns the majority of it's revenue outside of Canada, that's profits generated overseas funneled back here taxed here and that supports HQ jobs in Montreal, a lot of those 3400 jobs aren't engineers and one lost support job in one engineering firm does not mean one more is created at an other one.
6. If you don't reach a settlement agreement with SNC and it's found guilty, then it's an automatic 10-year ban from government contracts, Canada is 40% of the firms revenue. Banned from government contracts that % will melt away, what's the point of being domiciled in Canada now?
7. It's been pointed out before, the europeans, americans and other developed/developing countries make use of settlements it's all part of protecting and maintaing their companies. If the federal government says fuck this we're not playing that game, all of the sudden if you're a canadian corporation you've got to ask serious questions. You think Barrick or Gold Corp don't have skelettons in their closets?
8. In 2017 they bought WS Atkins an other giant engineering firm with global footprint based in London, if you don't think that in the middle of Brexit (and all the losses they've been taking) the UK government wouldn't offer them a sweet deal to move their operations, you're naive.
Anyone remember Genivar and it's corruption scandal? What happened? The firm whitewashed its reputation and rebranded as WSP (a british company they had purchased) and no one talks about it.
The outcome isn't that SNC-Lavalin will go bankrupt and that a bad company will have been punished, the outcome is that the company will move to London, rebrand as Atkins and carry on and La caisse won't be able to do shit with their 20% because that's absolutely the right decision from the CEO perspective.
What are you left with? Fewer well-paying jobs, less tax-revenue and inevitably costlier infrastructure projects because you've just removed a major player.
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