AbitibiBowater, Inc. (fka ABWTQ)

[Pitt77]

Name change. When you change your name, this is not you proud of your past. It is also a real shame for justice. The AMF and the SEC have not been hard on this issue. wallstreet protesters are right to denounce the financial capitalism. They have no morals, for anyone. The scam is the new standard. I hope that Peter has won. The problem is that this issue is political and disturb the government.
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The AMF torpedo the MEDAC | Michel Girard | Girard Michael
Despite its limited financial resources, the MEDAC conducted titanic struggle against the exploitation of investors in the world of finance. That the monks of publicly traded companies are a dim view of the work of MEDAC, it is fair. But the AMF (AMF) decided to cut dramatically the food at MEDAC, there is a very bad omen for the protection of small investors.

No sooner does he come to replace Jean St-Gelais at the head of the Financial Markets Authority (AMF) that even the new president, Mario Albert, finds himself struggling with, I think, a very bad financial decision that may MEDAC kill.
http://lapresseaffaires.cyberpresse.ca/economie/energie-et-ressources/201110/11/01-4456059-abitibibowater-tourne-le-dos-a-son-lourd-passe.php?utm_categorieinterne=trafficdrivers&utm_contenuinterne=lapresseaffaires_LA5_nouvelles_98718_accueil_POS25
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Mr. Béland, three other directors to tender their resignation: Monique Charland, Normand Caron and Louise Champoux-Paillé.

All these departures occur when the MEDAC must find new sources of funding. Last December, the Financial Markets Authority (AMF)
MÉDAC was an organization that could save us in class, but curiously, he cut subsidies. Finally may be a coincidence, but key is bizare

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(Montreal) This is called the end of an era. AbitibiBowater (ABH T.), a company as old as the pulp and paper itself, decided to get rid of his name and the difficult history behind it.

The company will rename Forest Products Determined with the acute accent, and Resolute Forest Products in English, from November 7. At about the same time, it will leave its headquarters building of the venerable Sun Life, in downtown and moved to 111 Duke Street in the City of multimedia.

"The idea is to turn the page, said the spokesman for Abitibi, Pierre Choquette. The company is very different from the company she was a year ago. "

Long financial restructuring

AbitibiBowater has just emerged from a long financial restructuring that has avoided bankruptcy. With fewer employees and less debt, the company expects to be able to survive in the difficult market for newsprint and lumber.

Crises, Abitibi has crossed some since it was founded in Ontario in 1912. The company has even been under the protection of the bankruptcy law for 14 years, from 1932 to 1946, a record in the history of businesses in Canada.

Over time, mergers and acquisitions, it bore the names of Abitibi-Price (1974), Abitibi-Consolidated (1997) and AbitibiBowater (2007).

Employee Involvement

The name of Resolute Forest Products was selected following an invitation by management to all employees. It was suggested by two of them working in factories far away from each other, either in Ontario and Tennessee. Some 1400 suggestions of names were collected from employees.

"It's clearly a name longer than for an English audience for French," said Jean-François Ouellette, a professor of marketing communications at HEC Montreal. In English, the word evokes the resolute determination as solved reminds resigned, he said. "It resolves to something you can not stop," he illustrates.

But if he gets into the skin of an English speaker, Professor likes the new name of Abitibi. "It's a beautiful name," says Jean-François Ouellette.

Frederic Metz, an expert in image and retired professor at UQAM, is not the same thing. "It looks a little desperate company," said he.

The two experts also differ in opinions on how AbitibiBowater proceeded to find a name. According to Jean-François Ouellette, the company has shown innovation by appealing to its employees. According to Frederic Metz, is the worst thing to do than to suggest to employees that they are better than specialized firms to find a new identity to a company.

http://lapresseaffaires.cyberpresse.ca/economie/energie-et-ressources/201110/11/01-4456059-abitibibowater-tourne-le-dos-a-son-lourd-passe.php?utm_categorieinterne=trafficdrivers&utm_contenuinterne=lapresseaffaires_LA5_nouvelles_98718_accueil_POS25