Re: Bad news awaits media-friendly PM, Nov. 26

Bad news awaits media-friendly PM, Nov. 26

Columnist Paul Wells points out what can go wrong with government subsidies. Wells provides a poignant example.

The federal government has subsidized Postmedia to the tune of $3 million. The company has distributed bonuses of $2.3 million to senior management, including $900,000 to its president, Paul Godfrey. The money goes from the taxpayer into the personal bank accounts of corporate managers.

It's time to lower the curtain on this farce. No bonuses should be permitted in any for-profit corporation that receives a government subsidy.

Raymond Peringer, Toronto