It’s a blind trust. Maybe they’ve already been sold. He doesn’t know. And because it’s in a blind trust, if he did want them sold he:

1. Doesn’t get to tell the person managing what to do (buy or sell)
2. Couldn’t be told by the manager whether they had been sold

This is as stupid as the excuses to not get a security clearance

I assume because hes a green guys who has written books on it, worked as a director of ESG at Brookfield, and is now seen as potentially giving green subsidies. Obviously it looks better if he doesnt own a vast leaning towards Brookfields when he dishes out subsidies to for-profit corporations. I agree that whenever a politician has obvious conflict of interests it should be rectified and incentives neutralized.

So we should stop having politicians from having investments in housing, right?

Carney could, for instance, sign away any future claim to them.

At the very least, Canadians deserve to know what the vesting schedule is. But he’s a rich man already. If he was really in politics for the greater good (doubtful!), and if he cared about not having conflicts of interest or even appearing not to (also doubtful!), then he’d have zero qualms about giving up these Brookfield options.

Instead, he gets mad at anyone who questions the arrangement, and continues to push projects in sectors that Brookfield is heavily invested in.

The problem is, his stock options may not have vested, and Carney would be aware of the vesting schedule. It could be years before he (or whoever is managing the trust) could exercise those options and/or sell those shares.

In other words, the trust may not be ‘blind’ in practice.

This was the original criticism from reporters such as Rosie Barton, and many of Carney’s supporters never bothered to try to understand the issue.

google is free.

google is free

And that’s exactly my point. So go on, answer the question please?

go use google is the answer…

Not sure what you think I meant.

I know what a vesting schedule is. Do you?

And Carney has not disclosed what the vesting schedule for his Brookfield stock options is.

As soon as they vest, they are entered into the blind trust and Carney will have no knowledge or input into what happens with them

Unvested stocks can’t really be part of a blind trust because the holder can’t do anything with them until they have vested, and the vesting schedule being known means that the “blind” isn’t there in the blind trust

And when will that be? Will that happen while he is PM? Carney knows, and we don’t. And that’s the problem!

When they vest? Generally stocks vest to a schedule like x% per month over 4 years from when they were issued.

I would love to have that terrible pick for housing minister be liquidated, that is a prime example of blatant corruption.

Well, there’s nothing stopping Poilievre and his wife from selling the rental properties they own, which should help remove some conflict of interest they may have in this issue which is so important to many Canadians, and he doesn’t even have to get the approval of anyone but his wife to make it happen (and that only for one of them).

So why doesn’t Carney disclose this? Do you agree he should?

If he cashes out of his investments, then what does PP expect him to do, hold a massive cash position, and eat inflation?

He could I guess, but it’s pretty standard stuff so the outrage over it seems manufactured to me.

Personally I’ve not heard of a PM having millions in unvested stock options before this one, so, not sure how standard it is.

If Poilievre was doing the same, would you have the same response?

If Pierre wants to go get a job and succeed to the point where he gets stocks, good luck and more power to him.

IMO this hasn’t really been an issue in Canada before because generally we elect lawyers or career politicians. If we want a higher bar for divestment then let’s get that into law so that it applies either later in Carney’s term or for the next PM. In the meantime I am happy that Carney has fulfilled the requirements of the ethics commissioner and don’t believe that we have any clear mechanisms today to deal with unvested stocks owned by our politicians.

It is IMO very unlikely that a large percentage of Carney’s net worth will be from (currently) unvested stocks. He’s entered everything that can be into a blind trust and once vested these currently unvested stocks will go to the blind trust. Until that happens this grey area seems like much ado about nothing.

And to be 100% clear I did not vote Liberal in this latest election.