Friday, April 27, 2007

Sobey art award into the Empire art Award?


When I initially read about Empire Co.'s bid to privatize Sobeys, my first thought was how does this affect the Sobey Art Award? On first blush, as Paul Sobey is chair of Empire and (I think) nephew of Donald Sobey who runs the foundation, I don't think much will change. However, as the mantra behind privatizing anything is to maximize shareholder value and this means moving one more generation and one more subsidiary away - long term (five years or more) I don't think things look good for what I would consider now the bestest art award in the country.

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