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Have you ever considered that the Prime Directive is not only not ethical, but also illogical, and perhaps morally indefensible?

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Joined 2 years ago
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Cake day: June 11th, 2023

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  • It looks like they’ve been quite the global football.

    By 1995, the company was owned by Norwegian conglomerate Orkla. That year, Orkla sold a 50% stake in Helly Hansen to Resource Group International, which merged with Aker in 1996.

    In 1997, Investcorp bought Aker’s stake and most of Orkla’s stake, resulting in its 70% ownership of Helly Hansen, which was valued at $160 million at the time.

    In October 2006, Investcorp sold its shares in Helly Hansen to Altor Equity Partners, a private equity firm.

    In 2012, Altor sold a 75% stake in Helly Hansen to the Ontario Teachers’ Pension Plan.

    In 2015, the Ontario Teachers’ Pension Plan increased its position, acquiring Altor’s remaining stock in the business. In May 2018, Ontario Teachers sold the company to Canadian Tire for CA$985 million.






  • I’m sure more details will emerge, but:

    Under the legislation, someone who is certified or licensed to perform specific skilled work in a province or territory that wants to take on a job doing the same thing for a federally regulated project will be deemed to have met that federal standard.

    The government says recognizing provincial standards will open up job opportunities to workers and give employers a larger candidate pool to draw upon.

    The bill only recognizes provincial standards at the federal level. Workers certified or licensed in one province that want to work in another will only be able to do so when that province or territory agrees to drop their trade barriers.

    The federal government has rules and standards for businesses on top of regional requirements that apply across provincial and territorial borders.

    Under the legislation, provincial standards for goods and services will be recognized as having already met federal standards. That means a province’s organic standards for food, or energy efficiency standards for appliances, will be treated as having met federal standards.