{"id":3844,"date":"2023-06-15T03:00:36","date_gmt":"2023-06-15T07:00:36","guid":{"rendered":"https:\/\/cpp.hec.ca\/en\/?p=3844"},"modified":"2023-06-12T13:22:39","modified_gmt":"2023-06-12T17:22:39","slug":"cdpqs-lack-of-efficiency","status":"publish","type":"post","link":"https:\/\/cpp.hec.ca\/en\/cdpqs-lack-of-efficiency\/","title":{"rendered":"CDPQ&#8217;s Lack of Efficiency"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p><strong>Montreal, June 15, 2023 <\/strong>\u2013 While the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ) ended its financial year with the biggest loss since the 2008 debacle, its top executives shared $10.6 million in bonuses on the grounds that they had outperformed the market average. However, a <a href=\"https:\/\/cpp.hec.ca\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/PP-2023-02.pdf\">study unveiled today by the Centre for Productivity and Prosperity \u2013 Walter J. Somers Foundation of HEC Montr\u00e9al<\/a> throws a spanner in the CDPQ&#8217;s works: had they been evaluated on the basis of a more rigorous analysis process, the conclusions might not have been the same.<\/p>\n<p>&#8220;The findings of this fourth part of the Productivity in the Quebec Public Sector series are clear, explains Robert Gagn\u00e9, Director of the CPP and co-author of the study: the CDPQ is performing well enough to ensure that depositors are able to meet their short- and long-term financial obligations, but its ability to generate returns since the financial debacle of 2008 has been weak. In short, there is every indication that the CDPQ is not effectively fulfilling the mandate entrusted to it by the government.&#8221;<\/p>\n<\/div><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/cpp.hec.ca\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/Communique_PP-2023-02_VA.pdf\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Read press release<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":3849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,17],"tags":[],"class_list":["post-3844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-room","category-press-releases"],"_links":{"self":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts\/3844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/comments?post=3844"}],"version-history":[{"count":3,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts\/3844\/revisions"}],"predecessor-version":[{"id":3852,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/posts\/3844\/revisions\/3852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/media\/3849"}],"wp:attachment":[{"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/media?parent=3844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/categories?post=3844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpp.hec.ca\/en\/wp-json\/wp\/v2\/tags?post=3844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}