Is RBC Ethical ?
I am not impressed with RBC complicity in the Allen-Vanguard deal which erases shareholder equity.
From the RBC website - claiming to have integrity ; rbc.com
How can the lead financier in this deal be considered ethical ?
Their lawyers are co-conspirators in the devaluation of VRS assets, and stripping shareholders of their equity.
Doesn't RBC realize that ethics, values, integrity and morals of a company impact their customers perspective of that company ?
For a company so willing to see public shareholders left valueless - RBC sure boasts a lot on their website about corporate values: rbc.com
Are their ethics selective, and NOT involved in all corporate dealings ?
Surely RBC isn't so financially handicapped that they jump at the first (and ONLY) offer submitted to them ?
What reason would RBC "exclusively" participate with a US buyer whose intent is "screwing" thousands of small time Canadian investors ? (perhaps RBC should look a little closer at their representation in this deal ?)
The amount of this financing in this deal is a pittance to RBC, however the cost of doing this business could be more than what was considered. I know that my family, and persons in my circle of friends have been made aware of the involvement of RBC in this "questionable deal". I am just one shareholder - what about the others - thousands of pissed-off shareholders, with a lot of friends. What happens when the mainstream media picks up on this story ?
RBC competitors couldn't buy better advertising !!!
Perhaps the Board of Directors may reconsider the image cast on RBC by their involvement.
Some of the most powerful consumer sentiments arise from unsatisfactory dealings with an unethical company. Every time I see a RBC sign, my blood pressure rises.
I believe that a company's actions speak louder than its words. At RBC, corporate responsibility can be seen in how we govern our business with integrity, have a positive economic impact, operate with integrity in the marketplace, provide a supportive workplace, support environmental sustainability, and contribute to communities. This website is structured to reflect these areas of focus.
- Gordon M. Nixon, President and CEO
rbc.com
Maybe we should inform someone at RBC about our concerns ?
My email distribution list (so far - it likely will get expanded):
Media Relations
Corporate Media Relations
Dawn Chan
Office: 416-974-2897;
Email: dawn.chan@rbc.com
Stephanie Lu
Office: 416-974-5506;
Email: stephanie.lu@rbc.com
Matthew Gierasimczuk
Office: 416-974-2124;
Email: matthew.gierasimczuk@rbc.com |
