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Non-Tech : Le coin des francophones -- Ignore unavailable to you. Want to Upgrade?

To: pallmer who wrote (22165)	7/27/2000 12:54:18 PM
From: pallmer	Read Replies (1) \| Respond to of 77509

T:GIB.A Post mag says BCE's Monty a corporate welfare bum? CGI Group Inc GIB.A Shares issued 233,788,187 Jul 26 close $10.20 Thu 27 Jul 2000 T:GIB.A In the News See BCE Inc (BCE) In the News The National Post Business magazine reports in its July edition that there appears to be a contradiction between what BCE chief executive Jean Monty says and what he does. The Post's Jan Ravensbergen writes that as vice-chairman of the Business Council on National Issues, Mr. Monty perpetually blasts government job-creation handouts and pitches for tax cuts. BCE, however, has quietly capitalized on Quebec's latest corporate welfare, loading up with $300-million of job-creation tax credits for CGI Group, the BCE computer-services subsidiary. Mr. Monty's personal approval is required for all major transactions at CGI. The BCE arm has grabbed one-fifth of the $1.5-billion of taxpayer cash to be dished out to companies moving into the $700-million E-Commerce Place project in Montreal. It works out to a taxpayer subsidy of $10,000 per year per employee. The provincial government insists that it is an investment that will pay dividends in five years. Critic Filip Palda, a professor at the University of Quebec, says the handout simply redirects resources from the rest of the Quebec economy. Dir's: Allaire Yvan, Anderson William D, Boivin Claude, Brassard Jean, Chamberland Claude, Dore Paule, Godin Serge, Imbeau Andre, Johnston David L, Kierans Thomas E, Mercier Eileen A, Monty Jean C, Sirois Charles (c) Copyright 2000 Canjex Publishing Ltd. Jul-27-2000 16:04 GMT Symbols: CA;GIB Source CSN Canada Stockwatch News Categories: CSN/EAST