SATURDAY Section D Top employers work hard to IN BRIEF

1 record BUSINESS SATURDAY . NOVEMBER 25, 2017 Section D. IN BRIEF . Top employers work hard to ECONOMY. Operating profits top $100B in third quarter attract the best employees OTTAWA Statistics Canada says strong performance in the financial sector drove Canadi- an corporate operating profits to just over $100 billion in the third quarter, up per cent from the same period last year. The federal agency says profits were up $ billion, or per cent, compared with the second quarter. Operating profits in the financial sector rose 20 per cent from the second quarter to $ billion in the three months ended Sept. 30. Operat- ing profits for non-financial corporations increased per cent from the second quarter thanks to positive returns in 11.

2 Of 17 industries. MARIJUANA. Aurora formally launches hostile bid for CanniMed VANCOUVER Aurora Can- nabis Inc. launched its all-stock hostile takeover bid for Can- niMed Therapeutics Friday, on the condition that the medical marijuana producer cancel its own planned acquisition of marijuana company Newstrike Resources Ltd. The Vancouver- headquartered licensed mari- juana company said that its takeover bid circular for its offer, valued at $24 a share, will be mailed to CanniMed's share- holders. We believe that we will be able to accelerate Can- niMed's growth more effective- ly than current management, and so we invite and encourage CanniMed's shareholders to tender their shares to the bid.

3 PETER LEE, record STAFF Aurora CEO Terry Booth said. Employees of eSentire, from left, Eldon Sprickerhoff, Matthew Smith, Kellen Bailey, Kathryn Hodge and Andy Fawcett enjoy the challenge of working in the field of cybersecurity. GAMBLING. PokerStars owner sells stake Dave Pink, Special to The record at a consistently high level and rise to the never- in NYX Gaming for $35 million ending challenges of a global marketplace they TORONTO The Stars Group WATERLOO REGION In an atmosphere of must feel appreciated. And that means more Inc. has agreed to sell all of its day-to-day technical innovation and lofty cus- than just a good paycheque.

4 Stake in NYX Gaming Group tomer expectations, the area's most highly We're looking for multifaceted people, Ltd. for $ million cash to a rated employers say they understand the need people willing to work in an atmosphere of company that's been working to recruit and retain the very best personnel chaos and uncertainty, says Eldon Spricker- on a friendly takeover of the they can find and that means providing the hoff, co-founder of eSentire, a cybersecurity Las Vegas-based company. The best possible working environments. firm in Cambridge that, for reasons that are buyer is Scientific Games Among the businesses named to this year's apparent if you pay attention to the news about Corp.

5 , which will pay $ for Mediacorp Canada list of the top 20 employers hacks, is experiencing phenomenal growth. each ordinary share of NYX. in the Waterloo Region area, there's an un- and each preferred share of derstanding that if people are asked to perform employers continued on page D6 NYX Digital Gaming (Canada). ULC purchased from Stars Group owner of PokerStars. Scientific Games has also A look at the top 20 employers of 2018 in Waterloo Region area y Business, D4-D5 agreed to a price adjustment for the Toronto-based Stars Group in certain circumstanc- es if it pays more than $ per share to acquire the rest of NYX which has an enter- prise value of about $775 mil- Sobeys to Michael Lee-Chin shares lion.

6 E-COMMERCE. slash 800 secrets to success Amazon workers in Germany, Italy stage Black Friday strike office jobs Find good BERLIN Workers at six Amazon distribution centres in Germany and one in Italy David Paddon businesses, not walked off the job Friday, in a protest timed to coincide with TORONTO The Sobeys gro- cery business will cut about 800. too many, and Black Friday to demand better wages from the office jobs across Canada as stick with them online giant. In Germany, Ver- part of efforts to create one .di union spokesperson Thom- efficient national organization Brent Davis, record staff as Voss said some 2,500 workers out of five regional operations, were on strike at six Amazon the company announced Friday.

7 WATERLOO He's one of facilities. In a warehouse near The future success of So- Canada's wealthiest people, Piacenza, in northern Italy, beys, and our continued service with a flair for philanthropy some workers walked off the to over 900 communities across that reflects his philosophy of job to demand dignified sala- the country, depends on our doing well and doing good. ries. The German union has steadfast commitment to trans- Michael Lee-Chin grew his been leading a push since 2013. form our business, said Mi- first acquisition a Kitchener- for higher pay for some 12,000. chael Medline, who is chief based investment firm, Advan- BRENT DAVIS, record STAFF workers in Germany, arguing executive of Sobeys and its tage Investment Council, later AIC founder and billionaire, and former Wilfrid Laurier University Amazon employees receive parent company, Empire Co.

8 AIC Ltd. from a business chancellor, Michael Lee-Chin speaks Friday at Laurier's Lazaridis lower wages than others in Ltd. with about $800,000 in assets School of Business and Economics. retail and mail-order jobs. Local reports of the news under management to more Amazon says its distribution began to emerge late Thursday than $15 billion at its peak; the students at the school's Lazari- seeks to invest in are those warehouses in Germany are ahead of an internal announce- business was later sold to dis School of Business & Eco- where the owner and operator logistics centres and employ- ment to Sobeys staff. The com- Manulife.

9 Nomics. are one and the same and own- ees earn relatively high wages pany confirmed the reports The privately held invest- One of the keys, he said, is to ership is heavily concentrated, for that industry. Friday morning. ment company he founded and establish a framework for in- with personal identification Sobeys operates about 1,500 chairs, Portland Holdings, vesting and stick with it. A between the owners and the stores across the country under owns businesses in sectors dogmatic adherence to that business. There should be an TRANSPORT. the Sobeys, FreshCo, IGA, Safe- ranging from media and tour- framework can counter the lack entrepreneurial, autocratic Uber told SoftBank about data way Foodland and Thrifty Foods ism to financial services and of emotional control that so approach, and low management breach before the public banners.

10 Consumer goods; the Jamaican- often befalls investors. turnover. SAN FRANCISCO Uber Sobeys is Canada's second- born Lee-Chin is chair of the It's not easy to be consistent He also looks for a system of CEO Dara Khosrowshahi re- largest grocery company, after National Commercial Bank over the long run, Lee-Chin symmetrical risk and reward portedly learned about a large Loblaw Cos. Ltd., and faces Jamaica Ltd., that country's said. It's not easy to persevere for management, a long-term data breach at the ride-hailing many of the same challenges in largest bank, and in 2016, he was over the long run. But it's im- outlook and a board that's fo- service two months ago and the industry: competition from appointed chair of Jamaica's perative for success.