SoVote

Context: House Hansard - 265 - Dec/11/23

Dec/11/23 12:16:01 p.m.
Watch
Re: Bill C-56

Madam Speaker, it is like an onion. There are layers upon layers of things that need to be considered. I would direct him and anybody witnessing this to the Roosevelt Institute in the United States, which is looking at a fundamental rebalancing of the wealth that comes out of the market. That rebalancing will be away from the CEOs, the boards and the executives and more towards the workers. We have seen this in the resurgence of union activity in the country, where unions are again having the opportunity and the ability to assert the rights of working people and skim maybe a little more off of the top of the executive compensation, which has really gone off the rails, I would say, in the last 20 to 30 years. This Competition Act amendment is an iterative thing. It will be subject to amendments as we see opportunities to make things better for Canadians.

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Context: House Hansard - 265 - Dec/11/23

Mr. Alistair MacGregor (Cowichan—Malahat—Langford, NDP)

Dec/11/23 1:43:48 p.m.
Watch
Re: Bill C-56

Madam Speaker, I would like to thank my hon. colleague from Elmwood—Transcona for his speech and also for his interventions with other members of this House. We have been studying this issue in depth at the agriculture committee and I have had the chance to question multiple CEOs; notably Galen Weston of Loblaw. The problem is that we can see the data and everyone talks about small margins in the grocery sector. The fact of the matter is that the margins have actually doubled since the pandemic and the grocery chains are making record profits and they do have gross amounts of executive pay. Mr. Weston's compensation is 431 times the average salary of his employees. We know from unions representing grocery workers that in many cases those workers cannot afford to shop where they work. None of the CEOs could tell me how many of their employees are using food banks to get by. I would like to hear my colleague's thoughts on the fact that through both Liberals and Conservatives we have a policy, over the last 40 years, of too much corporate deference in this country and not enough hard analysis of how we are letting corporations get away with this. Canadians are being asked to shoulder the blame while corporations are continuing to make a lot of money off their backs.

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Context: House Hansard - 265 - Dec/11/23

Mr. Gary Vidal

Dec/11/23 9:22:47 p.m.
Watch

Madam Chair, I did not know I was going to get a second opportunity. In four years, the department has grown from 4,200 full-time employees to 7,070. In 2021-22, despite only reaching 17% of the departmental targets it set for itself, 94.6 of the employees at the executive level or above at ISC received performance pay. Would the minister agree that the significant disconnect between individual performance and organizational outcomes is a big reason we are having these conversations today? We need to hold somebody accountable and I wonder if he agrees.

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