Wednesday, August 08, 2007

A comment on the Irvings!!!!


Pictures 222
Originally uploaded by Oldmaison
Longtooth has left a new comment on your post "What don't the Irvings own?":

I read a good deal of the posts Re: The Imperial Sons and Daughters of the Irving Empire. Little tongue in cheek there by the way, and yes you guessed right, I'm not an Irving fan.

Here is what I need to share with those who profess Irving to be a Canadian / New Brunswick company. Irving Oil is a privately owned company, as is perhaps the case for the rest of what they own/control. This negates the need for public disclosure as is necessary for publicly traded companies and allows them to bypass a high degree of transparency.

This is not by accident. Irving has deep roots with American giant Standard Oil, which in turn has deep roots with the Bronfman Empire which is global but originated largely in Montreal. They have been most commonly associated with their ownership of Seagrams Whiskey.

This association with the Bronfman Empire goes way way back to the formation of Irving Oil Lot's more to the story, but I'm going to go back in my hole to hide now before the storm troopers find me.

Keep up the good work Mr.LeBlanc and all of you who post to these blogs. I expect there may come a day when the media monopoly may try to silence you too. Shudders came upon me when I read the Company name, Internet Communities in the list of their holdings.

1 comment:

Anonymous said...

And this is the best Longtooth can come up with as a stinging indictment of how "Canadian" the the Irving companies are? I realize that perhaps you did not wish to make your treatise too long but that being said, one would think at the very least you would have something to say that supported your statement. What is the high degree of transparency for instance that distinguishes the Irving's from say, publicly traded companies like Exxon or even Petro-Canada Other than the value of their stocks?
The connections to Standard Oil and the Bronfman family in relation to what your trying to say in your writings are frankly bizarre. It is common knowledge that the original refinery in St. John was a joint endeavor with Standard oil (Chevron). How odd that two companies in the same business might invest together for profit, scandalous isn't it! As to the Bronfmans, what possible nefarious connection could you see there? Rich Canadians that own their own companies working together shocking indeed! You really have no reason to run and hide LongTooth, you haven't written anything worth the effort. Unless..as Charles is so fond of saying should we "Stay Tuned"