this post was submitted on 22 Mar 2025
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Canada’s largest newspaper chain, Postmedia, is owned by an American hedge fund headed up by a wealthy donor to Donald Trump.

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[–] SplashJackson@lemmy.ca 18 points 3 days ago (2 children)

How about banned from owning any Canadian business? Yes, that includes the hedge fund that owns your org's parent company too

[–] phx@lemmy.ca 2 points 2 days ago (1 children)

They're vultures and parasites. They get a friendly CEO into a company who then sells off useful assets and changes to renting/leasing.

Does your org own property/offices. Sell those of to another company under the hedge to show high numbers for the first numbers. Then the company needs to rent - often from those same funds and possibly that exact same property they're still in - which then makes the business less and less profitable as supply chain is also replaced with whatever profits the hedge most.

Finally, declare bankruptcy, fire-sale any remaining assets (probably to hedge-fund buddies), close up shop and let all the workers go

[–] SplashJackson@lemmy.ca 1 points 1 day ago

A tale as old as capitalism

[–] 7rokhym@lemmy.ca 4 points 2 days ago

They did a smash up job with Hudson’s Bay. Financial terrorists is what they are.