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Opinion: Bay Street supports board diversity in theory, but not in practice Time to end the hypocrisy

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Bay Street’s boys’ club has a long history of making nonsensical excuses to exclude women from positions of power. One infamous incident occurred in 1976, when W. Earle McLaughlin, then chairman and president of Royal Bank of Canada, caused an uproar when he claimed the country’s largest bank couldn’t find a qualified woman to serve on its 48-member board of directors. Never mind that smaller rivals had already pulled off this seemingly impossible feat, including Bank of Montreal, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce. Mr. McLaughlin insisted his bank came up empty after scouring the entire country for credentialled women.

Kuaishou Draws BlackRock, Abu Dhabi to $6 Billion IPO

Publishing date: Jan 22, 2021  •  January 23, 2021  •  1 minute read  •  Article content (Bloomberg) Kuaishou Technology, the Chinese short-video startup, has attracted BlackRock Inc. and the Abu Dhabi Investment Authority as cornerstone investors in its Hong Kong initial public offering, people with knowledge of the matter said. Capital Group Cos. and Canada Pension Plan Investment Board also committed to buy stock in the offering, the people said, asking not to be identified because the information is private. Kuaishou is targeting to raise as much as $6 billion from the share sale, which is set to start taking orders as soon as Monday, the people said. We apologize, but this video has failed to load.

Google closes Loon, its plan to use balloons for web access

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