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Tuesday, July 11, 2006

0.56% of $18 million

Howdy!

About 9 months ago, Andre Simard almost ruined Montreal's reputation as a town for films. This year everybody is going 'wow!!' over the fact that he turned a 0.56% profit.

Yes, I know the Montreal International Jazz Festival is incorporated as an association, and the word 'profit' ain't kosher. However, the company that runs the Jazz Festival is most definitely a for-profit corporation. If I were a shareholder, I'm not certain that I would accept results like that.

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