Editor's note: Big dreamers

Okey Chigbo, Editor of CPA Magazine, introduces the features in the April 2014 issue.

My predecessor at one of the legacy magazines, a great hockey fan, was much given to teasing Torontonians about the Maple Leafs' inability to win anything in 47 years. A former denizen of Montreal (Toronto's rival in number of all-time Stanley Cup wins), he would cackle with fiendish glee after asking his favourite hockey question, "How many years is it now?" It is easy to understand why fans of the hapless hockey club welcomed the arrival of Tim Leiweke — an executive known for building championship franchises — as president and CEO of Maple Leaf Sports & Entertainment.

It is a truth universally acknowledged that a hockey franchise CEO in possession of a great fortune must be in want of a Stanley Cup (apologies to Ms. Austen and everyone else appalled by this flagrant misuse). Alas, it would appear that matching Leiweke with MLSE may not produce the desired Stanley Cup — at least not immediately. In "Goal Oriented," Paul Brent writes that Leiweke's impact "has been felt at the MLS Toronto FC soccer franchise." That's what Leiweke knows best — soccer — and his main interest appears to be in building that franchise first. Responsible for bringing David Beckham to the LA Galaxy, Leiweke has used the same approach to woo former Barclay's Premier League star Jermain Defoe to Toronto. Clearly a dreamer who dreams big, Leiweke plans to transform the MLSE by doing the completely unexpected.

What has former prime minister Paul Martin been up to since he left office? One of his favourite projects involves encouraging aboriginal youths to consider careers in finance. For help, Martin called on an old friend, Kevin Dancey, president and CEO of CPA Canada, and together with the accounting organization created the Martin/CPA Canada Accounting Mentorship Program (AMP). "The AMP's purpose," writes Robert Colapinto in "Paul Martin, Prime Mentor," "is to pair CPAs with aboriginal youth in the expectation they will be inspired to seek university degrees — and careers in accounting."

Recently, Apple, Google, Starbucks and a few other multinationals were in the news, but not for creating new versions of tablets and lattes. They were being pilloried for engaging in "aggressive tax avoidance," or paying taxes not commensurate with their size, profits or what is considered "fair" by public custodians of the tax moral order. As we are a magazine devoted primarily to accountants — who tend to have a much more subtle understanding of tax issues — we bring you "A Corporate Tax to Grind," by John Lorinc), which examines the issues in a more nuanced manner than in the popular media. Let us know what you think.

About the Author

Okey Chigbo


Okey Chigbo is editor-in-chief of CPA Magazine.

Highlights

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It’s probable that someone you know is deep in debt. If you are observant, you might see one of these seven signs.