Ex-Fracmaster boss faces battle for unpaid receipts
Article Abstract:
Calgary, Alberta-based Fracmaster Ltd.'s erstwhile chairman, Alfred Balm, has encountered great difficulty in recovering C$191 million in unpaid installment receipts from the oil well services provider's stockholders. Balm, who has sold his 67.5% stake in the firm to investors on an installment basis, has failed to recover the installments due from 68% of the buyers. Analysts attribute the investors seeming reluctance to fulfill their pre-existing obligation to Balm to the poor showing of the company's stock on account of the weakening of exploration activity in North America.
Comment:
Its erstwhile chairman, Alfred Balm, faces difficulty in recovering C$191 mil in unpaid installment receipts from investors
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Montreal Exchange walks tightrope to IPO
Article Abstract:
The life and career profile of Montreal Exchange's chief executive officer Luc Bertrand is presented. Montreal Exchange is set to go public in 2007.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
A bird in the hand versus seven in the sky
Article Abstract:
A profile of Michael Sabia, chief executive officer of BCE Inc. is presented.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Who's the better boss? Is he worth it?: A master of the universe with the world to learn
- Abstracts: New boss at Nortel mines GE for new executives. Nortel intent on going it alone. Nortel taps IBM veteran to lead marketing
- Abstracts: Private placements lucrative for caisse. No favouritism for Onex bid: minister. No news not good news at Power
- Abstracts: Ottawa mulls tax changes for trusts: Treatment of popular investment subject of secretive private sector meetings
- Abstracts: Tough-love boss at BMO demands retial turnaround. New BMO boss set to cut 1,000 jobs. As BMO falls behind, next CEO brings hands-on approach