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David Milstead

@davidmilstead.bsky.social
1.5K followers 219 following 75 posts

Writings on financial shenanigans, accounting, compensation, governance, and many, many baseball tweets.

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David Milstead @davidmilstead.bsky.social · 25/08/2026
Why not Bil Keane?
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David Milstead @davidmilstead.bsky.social · 16/05/2025
I will miss the newsroom and many of my colleagues. I’d like to thank my small, dedicated batch of readers. And I’d like to congratulate the business leaders of Canada who will no longer see their names under my byline in The Globe.
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David Milstead @davidmilstead.bsky.social · 16/05/2025
After more than 15 years of writing for The Globe and Mail as a freelancer and staff member, I left the company in late April.
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David Milstead @davidmilstead.bsky.social · 15/04/2025
www.theglobeandmail.com/business/art...
theglobeandmail.com
Gildan pays CEO US$27-million after return to the company following shareholder squabble
When combined with a US$16-million severance payment to Vincent Tyra who served as CEO for four months, the compensation costs of the Gildan leadership transition topped US$45-million
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David Milstead @davidmilstead.bsky.social · 15/04/2025
www.theglobeandmail.com/business/com...
theglobeandmail.com
Opinion: At TD, incentive pay rose as the bank excluded the cost of U.S. penalties from profit calculations
TD’s pay-formula profit adjustment is another example of how Canadian companies find it exceptionally difficult to empty the pockets of their executives after extraordinarily poor performance
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David Milstead @davidmilstead.bsky.social · 01/04/2025
W/ Irene Galea: www.theglobeandmail.com/business/art...
theglobeandmail.com
BCE paid bonuses to top executives despite sales, profit and stock-price declines
According to S&P Global Market Intelligence, BCE had the worst shareholder return in 2024 of the big three telecom companies
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David Milstead @davidmilstead.bsky.social · 25/03/2025
www.theglobeandmail.com/business/art...
theglobeandmail.com
Audit industry regulator to begin identifying accounting firms in its annual reviews
Until now, CPAB has been prohibited from reporting which firms have the best and worst records
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David Milstead @davidmilstead.bsky.social · 12/03/2025
www.theglobeandmail.com/business/art...
theglobeandmail.com
Real-estate company Colliers gives CEO stock awards valued at US$48-million after concluding he was underpaid
Jay Hennick received a special performance unit award which will only vest if Colliers reaches various market-capitalization thresholds
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Brian PJ Cronin @brianpjcronin.bsky.social · 12/03/2025
Ten years ago if you had written a dystopian SF story in which the person in charge of U.S. public health did a press event at a fast food joint to say that fried food is good but measles vaccines cause measles the ghost of Philip K. Dick would have said that you were being too bleak and unrealistic
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David Milstead @davidmilstead.bsky.social · 12/03/2025
www.theglobeandmail.com/business/art...
theglobeandmail.com
HOOPP, with half of assets in Canada, has no plan to retreat despite trade chaos
Healthcare workers’ pension earned 9.7 per cent in 2024, lifting assets to $123-billion
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Susan Krashinsky Robertson @susinsky.bsky.social · 08/03/2025
Canada’s oldest retailer, Hudson’s Bay, has been granted protection from its creditors and is evaluating “potential solutions” for the future of the business. www.theglobeandmail.com/business/art...
theglobeandmail.com
Hudson’s Bay granted creditor protection to restructure its business
Its move to restructure operations follows an attempt to refinance its debt, which fell apart
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David Milstead @davidmilstead.bsky.social · 07/03/2025
www.theglobeandmail.com/investing/ma...
theglobeandmail.com
Canada’s major stock index drops more companies than it adds in quarterly changes
S&P said it will add Endeavour Silver Corp. and gold miner G Mining Ventures Corp. but four other companies will be deleted from S&P/TSX Composite Index
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David Milstead @davidmilstead.bsky.social · 07/03/2025
Supporting @stefaniemarotta.bsky.social : www.theglobeandmail.com/business/art...
theglobeandmail.com
Total pay for Big Six bank CEOs rose last year, even with declines at TD and BMO
The chief executives of Canada’s six biggest banks earned a combined $74.5-million in 2024, up from just under $72-million in total compensation the year before
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David Milstead @davidmilstead.bsky.social · 07/03/2025
www.theglobeandmail.com/business/art...
theglobeandmail.com
S&P considers allowing companies to be included in both Canadian and U.S. stock indexes
Until now, S&P Dow Jones has said a company can have just one country of domicile – and that country’s stock indexes are where it needs to be
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David Milstead @davidmilstead.bsky.social · 06/03/2025
with @stefaniemarotta.bsky.social : www.theglobeandmail.com/business/art...
theglobeandmail.com
RBC paid CEO $26-million last year, including an award for HSBC Canada acquisition
Dave McKay received a $6.67-million bonus, more than double his bonus from the 2023 fiscal year
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David Milstead @davidmilstead.bsky.social · 04/03/2025
Supporting @stefaniemarotta.bsky.social : www.theglobeandmail.com/business/art...
theglobeandmail.com
TD Bank gives U.S. head $2-million retention award
In wake of anti-money laundering scandal, lender pays reduced bonuses for multiple executives
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David Milstead @davidmilstead.bsky.social · 03/03/2025
www.theglobeandmail.com/business/com...
theglobeandmail.com
Opinion: Molson Coors hastens to scrub DEI principles in the age of Trump
The company told employees in a Feb. 28 memo that it’s abandoning its work-force diversity goals, citing ‘significant changes to the U.S. legal and policy environment’
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David Milstead @davidmilstead.bsky.social · 20/02/2025
This is outrageous
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David Milstead @davidmilstead.bsky.social · 18/02/2025
www.theglobeandmail.com/business/art...
theglobeandmail.com
Institutional investor support for climate issues climbed in 2024
Aggregate support for proposals related to climate-change issues rose from just over 50 per cent in 2023 to almost 65 per cent in 2024, according to advocacy group Investors for Paris Compliance
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Ryan Mac 🙃 @rmac.bsky.social · 07/02/2025
This shows that "doxxing" has become a meaningless, catch-all phrase for anything these guys do not like reported. @klong.bsky.social is an impressive reporter, who simply connected the anonymous postings of a self-declared racist to the public identity of someone directly altering government.
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Tom Scocca @tomscocca.bsky.social · 09/02/2025
Laws. The word you're looking for here is "laws."
Screenshot of text: 

But people who have known Musk for years say his single-minded willingness to break [Highlighting begins] rules [Highlighting ends] in service of a larger mission is unparalleled. He once told Tesla employees they would lose stock options if they joined a union — a comment deemed an unlawful threat by the National Labor Relations Board and the courts. He has tussled with the Federal Aviation Administration over launching rockets without proper permission and paid fines from the Environmental Protection Agency for dumping wastewater on protected Texas wetlands.
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Martin Sekulski @mski22.bsky.social · 09/02/2025
Football sucks. The best part about this particular Sunday is that baseball starts this week!
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David Milstead @davidmilstead.bsky.social · 31/01/2025
The Globe made a number of additions and changes to Board Games for 2025. Please click through to see a summary of adjustments, followed by the full methodology.
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David Milstead @davidmilstead.bsky.social · 31/01/2025
The Globe’s data partner, Global Governance Advisors, will examine the boards of directors of companies and trusts in the S&P/TSX Composite Index to assess the quality of their governance practices and disclosure. The Globe will publish the Board Games report later this year.
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David Milstead @davidmilstead.bsky.social · 31/01/2025
The Globe has committed to publishing the Board Games marking criteria at the beginning of the annual corporate “proxy season.” That’s when most Canadian companies issue their proxy circular that contains the vast majority of the material on which Board Games is based.
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David Milstead @davidmilstead.bsky.social · 31/01/2025
For the 24th year in a row, Report on Business’s Board Games project will rate the work of Canada’s corporate boards using a rigorous set of governance criteria designed to go far beyond minimum mandatory rules imposed by regulators. www.theglobeandmail.com/business/car...
theglobeandmail.com
Globe and Mail introduces 2025 Board Games criteria
The Globe and Mail offers the most authoritative news in Canada, featuring national and international news
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David Milstead @davidmilstead.bsky.social · 31/01/2025
For nearly all those 25 years, I was one of the fortunate ones to receive her messages. If you’re not familiar, track down Suzanne Craig’s 2006 Wall Street Journal profile for more. It’s a sad day for the good guys, and the public markets have gotten a little less safe.
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David Milstead @davidmilstead.bsky.social · 31/01/2025
Yolanda Holtzee, the champion whistleblower who policed the stock markets, has died. For 25 years, she emailed regulators and journalists – usually in the same message – about sketchy companies and potential penny-stock scams. neptunesociety.com/obituaries/l...
neptunesociety.com
Yolanda Holtzee Obituary - Lynnwood, WA
Celebrate the life of Yolanda Holtzee, leave a kind word or memory and get funeral service information care of Neptune Society.
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Ethan Lou @ethanlou.bsky.social · 31/01/2025
Trump’s tariffs are about to exacerbate Canada’s productivity crisis. Will our legislators finally take action? The latest from the Globe's business commentary, by Rita Trichur: www.theglobeandmail.com/business/co……
buff.ly
Opinion: Trump’s tariffs are about to exacerbate Canada’s productivity crisis. Will our legislators finally take action?
If Canada falls further behind the United States and other industrialized countries when it comes to labour productivity, our standard of living will take a serious hit
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David Milstead @davidmilstead.bsky.social · 16/01/2025
“People of all strips”?
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Kelsey Hightower @kelseyhightower.com · 13/01/2025
What's the point of being rich if you can't afford to do the right thing.
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David Milstead @davidmilstead.bsky.social · 13/01/2025
I swear I didn’t see this before my reply.
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David Milstead @davidmilstead.bsky.social · 13/01/2025
Absent context, I’d think you were preparing to review the new album “Mono Nordic” by the band Nuisance Beaver, who I’d like to think were an emerging Etobicoke punk outfit.
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Rachel Maddow @maddow.bsky.social · 12/01/2025
what are we doing here, people
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Shayan Sardarizadeh @shayan86.bsky.social · 11/01/2025
In the space of 24 hours, Naomi Wolf has claimed that the fires in LA are an actual war or foreign invasion, a plot to kill people to destroy evidence of Covid vaccine adverse effects, weather manipulation, a deliberate bombing campaign, and mass spraying of mood stabilisers.
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David Milstead @davidmilstead.bsky.social · 11/01/2025
In a week of endless hot takes I present the most thoughtful and level-headed. (Not by me, by Ian McGugan.)
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David Milstead @davidmilstead.bsky.social · 10/01/2025
Prepare to receive the true Lord!
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David Milstead @davidmilstead.bsky.social · 08/01/2025
The difference between you and me is that I have done zero analysis in coming to that opinion.
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David Milstead @davidmilstead.bsky.social · 08/01/2025
Actually it’s not a whole new meaning, this song from 20 years ago predicted this.
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David Milstead @davidmilstead.bsky.social · 08/01/2025
This too youtu.be/BxoD9zWY9Rg?...
youtu.be
Bad Religion - Los Angeles Is Burning
YouTube video by Epitaph Records
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David Milstead @davidmilstead.bsky.social · 08/01/2025
And the Rockies will win fewer than both.
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Victor Ray @victorerikray.bsky.social · 07/01/2025
Please stop saying "rolled back diversity goals" and start saying "the company capitulated to a segregationist movement." www.nbcnews.com/news/amp/rcn...
nbcnews.com
McDonald's is the latest company to roll back diversity goals
The company rolled out a series of diversity initiatives in 2021 after a spate of sexual harrassment lawsuits and a lawsuit alleging discrimination by a group of Black former owners of McDonald’s fran...
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Ethan Lou @ethanlou.bsky.social · 08/01/2025
Canada’s securities regulators suffer ‘analysis paralysis’ on new board diversity rules The latest from the Globe's business commentary, by Kevin Thomas:
buff.ly
Opinion: Canada’s securities regulators suffer ‘analysis paralysis’ on new board diversity rules
While securities regulators have waffled on new regulations, Canadian investors struggle to evaluate a very basic question: whether national corporations are diversifying their board membership or not
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Alexandra Posadzki @alexposadzki.bsky.social · 08/01/2025
Canadian Hollywood financier William Santor seemingly had it all. Now he’s dead, he’s accused of misappropriating $44.5-million and investors are stuck www.theglobeandmail.com/business/art...
theglobeandmail.com
Canadian Hollywood financier William Santor seemingly had it all. Now he’s dead, he’s accused of misappropriating $44.5-million and investors are stuck
Mr. Santor died late last month, just weeks after an injunction imposed by an Ontario court froze his assets. His film financing company, Productivity Media Inc., is in receivership amid allegations o...
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Neil Weinberg @neilweinberg44.bsky.social · 08/01/2025
What an incredible endorsement of the EU
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Chris Hayes @chrislhayes.bsky.social · 07/01/2025
It’s funny Zuck says “I started building social media to give people a voice” when in fact, he started building social media to publicly rate the hotness of undergrads.
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Doug Saunders @dougsaunders.bsky.social · 08/01/2025
No, the Greenland thing is not a calculated bid to gain valuable natural resources. Much as Putin’s vastly expensive 11-year Ukraine invasion was never a clever bid to gain natural resources. You are grossly overestimating the strategic intelligence of these figures
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The Life of Sharks @thelifeofsharks.com · 08/01/2025
The comic that got us demonetised on Facebook back in August. (We’re no longer on Facebook).
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Keith Law @keithlaw.bsky.social · 06/01/2025
I’m proud to organize and stand in solidarity with my colleagues at The Athletic. We are stronger together. Sports jobs are union jobs. #IAMTIMESGUILD
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