<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Shareholder:
However, each of those companies trades its own shares on the public markets, has its own board of directors and management team, and thus employees in one such company have no entitlement to benefits from another.</font>
Um, both Zip and Jazz have their own management teams. If parts of Zip, Jazz, Aeroplan, AC Technical Services, etc, were spun off, they'd have their own shares on public markets as well.
You can make up whatever you want, but
Zip's press release states otherwise:
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">THE ZIP TEAM AND AIR CANADA
ZIP's operating certificate, licenses, management team and corporate identity will be independent of Air Canada. ZIP staff will manage the airline's operations from its Calgary headquarters and network locations. ZIP will operate with a dedicated team of customer contact people, including flight attendants, reservation agents and, in certain cities, passenger agents.
ZIP will contract with Air Canada and Air Canada Jazz, for the provision of certain operational services and resources, including pilots for ZIP flights and the maintenance of the ZIP fleet, at commercial market rates.</font>
If Zip is part of the "AC Family", should employees of AC Vacations and destina.ca also get these passes?
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Thus your CELESTICA and ODEON CINEPLEX examples are not analogous at all to the situation at AC, nor to FAIRMONT, nor to GM.</font>
It's
Cineplex Odeon, not "ODEON CINEPLEX". A quick check isn't really all that hard.
While the Onex example may be different to Fairmont and General Motors, AC's relationship with Zip is not analogous with your examples with Fairmont or General Motors.
[This message has been edited by keithguy (edited 10-06-2003).]