patatas

His stock options alone are worth around $6 million, IIRC, so i'm not sure where you're getting your numbers from.

Anyway, he would only pay tax on the gains from the sale of his stocks (that's why it's called, get this, a "capital gains tax") and those gains are only taxed at around 50% of the rate people pay when they earn the same amount of money from a real job. But surely you knew all that already.

Source on him installing friends to high paying positions?

Here you go:

https://rabble.ca/politics/canadian-politics/on-a-wartime-footing-carneys-new-defence-initiatives-risks-corruption-and-global-conflict/

From the piece:

The DIA is a special operating agency (SOA) within Public Services and Procurement Canada. Carney appointed Doug Guzman, his close friend and donor to his election campaign, as the Chief Executive Officer of the new agency. Guzman was previously a Managing Director at Goldman Sachs where Carney worked and then became Deputy Chair of the Royal Bank of Canada from which he has stepped down to head DIA.

As revealed at the hearing of the Standing Committee on Government Operations and Estimates (OGGO) on November 6, 2025, Guzman has been appointed for a three-year term despite having no experience in government procurement, the military, or the defence sector. He will receive one of the highest salaries in the federal government over $670,000/year plus performance bonuses. Guzman’s salary is more than double the Chief of Defence Staff General Jennie Carignan who commands the military at $329,000 and more than the Minister of National Defence David McGuinty at $309,000.

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patatas @sh.itjust.works 2w ago

you do realize that he would still be rich, this isn't a vow of poverty, it's just selling off stocks and stock options etc so that he doesn't stand to directly gain (he's been installing friends to high-paying positions BTW)

anti-success prejudice

lol

patatas @sh.itjust.works 2w ago

At the extreme end, forcing him to abandon all non-vested options wouldn't be the end of the world.

Honestly this is what I think should happen.

I mentioned this elsewhere, but Carney's own book champions the idea of company managers/executives getting bonuses paid in things like future stock options, because he notes that it creates an incentive for that person to make decisions that are good for the company (or, I guess, for its stock price) on a longer time scale than "this quarter" or "this year".

Well, turns out that same system also creates incentives for that person if they suddenly hop over into government. Carney only has himself to blame for this ending up as a conflict of interest.

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patatas @sh.itjust.works 2w ago

So you're saying that Carney doesn't care enough about the future of Canada that he'd be willing to make sure he's not in a position to personally profit from holding office?

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patatas @sh.itjust.works 2w ago

Just FYI it wasn't me who downvoted you - but for one thing, Carney will obviously know the vesting schedule. Secondly, I almost don't even want to entertain this claim because it's just not how things work, but, if they aren't worth anything, then why did Carney agree to be paid in stock options? And why is he holding onto them now, despite the criticisms?

In his book, Carney himself champions the idea of paying out things like executive bonuses in future options, because he says it incentivizes making decisions that will benefit the company over longer periods than just the next quarter or year.

The fact that it also creates a clear conflict of interest when that person suddenly jumps into government, well, that's his own damn problem brought about by his own lack of forethought, and he should waive his right to exercise (or have the "blind" trust exercise) those stock options.

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patatas @sh.itjust.works 2w ago

That's very much not the case for his stock options, he will still know exactly what those are

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patatas @sh.itjust.works 2w ago

I don't see any reason why he couldn't have signed away any claim on those stock options, or asked Brookfield to renegotiate things so he could cash out.

Some people might think it's somehow unfair, but I mean, he wanted to be PM, no one made him do it.

patatas @sh.itjust.works 2w ago

a complete dereliction of duty smdh

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patatas @sh.itjust.works 2w ago

This is straying from the point of the example, which was to demonstrate that a so-called "centre", by virtue of the fact that it can not only compromise but can also even run counter to one's values, is not by definition a winning strategy.

People on the left don't owe a capitalist centrist party their vote simply because there's no other major party advancing a socialist platform. Because socialism is opposed to capitalism on principle. Does that make sense?

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patatas @sh.itjust.works 2w ago

In addition to the other responses, a blind trust is especially insufficient in this case, since his remaining Brookfield stock options are only be able to be exercised in the future, meaning the operator of the blind trust cannot buy and sell them as they would with any other asset.

In other words, Carney knows the schedule of those options becoming available for him to exercise (or for the blind trust to exercise, depending on the schedule and whether or not he's still in public office at that point), and the blind trust operator has no control over that schedule.

Brookfield, incidentally, has a lot of money invested in places like Qatar and the UAE, as well as tens of billions invested in AI and data centres worldwide. The value of his stock options, therefore, is tied to the value of those investments.

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patatas @sh.itjust.works 2w ago

"Obviously, it’s not a centre any of us approve of"

exactly - so what kind of "average" is that?

patatas @sh.itjust.works 2w ago

omg I thought your quote was parody and then I read the article

patatas @sh.itjust.works 2w ago

Exactly, which is why it pains me so much to see people cheering Carney for not being Poilievre, a bar he isn't even clearing, other than aesthetically

patatas @sh.itjust.works 2w ago

Oh wow yeah I forgot, he shook several hands. My mistake, completely balances out the laundry list of heinous stuff

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patatas @sh.itjust.works 2w ago

You're right, he has been doing a TON of things:

dropping the DST for his tech oligarch pals
cancelling the capital gains hike for his wealthy friends
dismantling much of Canada's already-insufficient climate policy including scrapping anti-greenwashing rules
promising to nearly triple the military budget while continuing to procure F-35s
slashing funding for science and health research, the CRA, Indigenous-specific programs, weather alerting systems
cutting the CBC's funding despite campaigning on doing the opposite
trying to drown Canada Post in a bathtub
pushing for gas-powered AI data centres
giving federal cabinet ministers extraordinary powers to exempt corporations from laws
freezing provincial health transfers, effectively making cuts when inflation & population growth are considered.

Wow! So efficient!

patatas @sh.itjust.works 2w ago

You're presenting a false choice.

Not only is diplomacy better for the people who live in countries on both sides - mostly just people trying to get by like you and me - but it's also far better environmentally and economically to not pour 1/20th of our entire economic output into murder machines.

Putting aside the fact that it wasn't true, Iran was (ostensibly!) attacked for trying to develop nuclear weapons capabilities. Why would our adversaries not see our rapid militarization as a reason to put themselves on a "war footing" too, rather than a diplomatic one?