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May 9, 2008
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Stan Grmovsek and Gil Cornblum have been close friends ever since they met at Osgoode Hall Law School 17 years ago. Although their careers took different directions, they have remained in close contact, attended each other's weddings and frequently socialized with their families.
Boeing delay hinders Air Canada expansion plans
A two-year delay in getting delivery of fuel-efficient Boeing 787 Dreamliners will crimp Air Canada's international expansion plans.The Montreal-based airline will seek compensation from Boeing Co. for the disruption to flight scheduling, Air Canada chief executive officer Montie Brewer said yesterday. He made the announcement after the carrier disclosed that, amid surging oil prices, it lost $288-million in the first quarter, including a $125-million provision related to allegations of cargo price-fixing by an array of global airlines.
Tims eats humble pie to avert PR catastrophe
Tim Hortons Inc. has squelched what could have become a PR disaster over the Timbit Affair. At the same time, the company has been served a stinging lesson on how following franchise rules too zealously can stifle the ability of front-line workers to keep the customer satisfied.
Onex eyes move into gambling
Onex Corp. is ready to place a bet on the U.S. gambling industry, with struggling casino icon Tropicana Entertainment LLC a potential target for Gerald Schwartz's buyout firm.
Manulife's retiring CEO waves the Maple Leaf
It will break Dominic D'Alessandro's heart if Manulife Financial Corp.'s next chief executive, possibly an American, shifts the company to the United States.Like many immigrants (he was born in Italy), Mr. D'Alessandro is passionate about his adopted country - Canada - because things worked out rather well for him here and because he never bought into the notion that London and New York had a lock on global companies. B-team Toronto could have its corporate champions, too.

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