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| | Bill Cara: Algoma Steel query, Thur., April 21, 2005, 8:50 AM (Site not responding. Last check: 2007-10-20) |
 | | Bill Cara: Algoma Steel query, Thur., April 21, 2005, 8:50 AM Algoma Steel query, Thur., April 21, 2005, 8:50 AM Last evening I received this mail from a Canadian reader: "Hi, I was reading your blog comments about Algoma Steel and Stelco. |
 | | Subsequently, last Christmas each Algoma Steel worker that was affected received a cash bonus of $17,000 as profit sharing, given that the corporation had a successful year. |
 | | Financial institutions that were observant and well connected, and hence aware of the re-organization process, purchased Algoma Steel bonds for a few pennies on the dollar and converted them to new shares, thereby gaining a windfall. |
| www.billcara.com /archives/2005/04/algoma_steel_qu.html (1162 words) |
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