So what is critical thinking? In this post we’ll examine how one Carleton University business professor used his critical thinking skills to rationalize an 8.4 million dollar salary to George Weston’s grandson during the pandemic.
George Weston Limited is probably Canada largest company with an estimated 155,000 employees.
The conglomerate has deep roots in the grocery business during the COVID-19 pandemic, all Canadian grocery retailers experienced record profits.
The CEO of one of George Weston subsidiaries, Galen Weston was paid $8.4 million for running the subsidiary which was a significant increase from the previous year.
Consultants hired by Mr. Weston determined, surprisingly that he was underpaid. When interviewed on CBC news about the reasonableness of the pay increase, the Carlton University Business School professor informed listeners that Weston was a superstar.
His huge raise clearly reflected the principles of supply and demand.
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Mapping the Ownership Network of Canada’s Billionaire Families – Economics from the Top Down
The planet has a billionaire problem. According to Oxfam, the world’s billionaires have more combined wealth than the bottom 60% of humanity — some 4.6 billion people. Given this obscene situation, calls are growing to rid the world of the billionaire class. But how do we make that happen?
We think that part of the answer is to understand billionaire’s network of control. Many billionaires are happy to have their net worth tracked by Forbes — they treat it as an accumulation horse race.1 But what billionaires don’t like is for people to understand how they wield power. On that front, behind ever billionaire is a complicated network of corporate control — a network that is seldom made public.
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