Paul Martin Retrospective Gallery
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Graeme MacKay is the Editorial Cartoonist for
Hamilton  -  Ontario  -  Canada
March 13, 2003

In early 2003, the Opposition parties attacked Martin on
his ownership of Canada Steamship Lines. Since 1994,
the company had been held under blind management,
an arrangement in which Martin retained ownership of
the company but was isolated from its management.

In response to Opposition attacks, Paul Martin moved
quickly to divest himself of Canada Steamship Lines
ownership by giving control to his sons. Previously, the
company had been held in a blind management
agreement. Martin had held legal ownership, but was
isolated from its management.

Under the new divestment plan, Martin and his wife,
Sheila, gave sons Paul, James and David all of their
common and preferred shares of Canada Steamship
Lines. The result was that Mr. Martin no longer had legal
ownership and wouldl not receive regular annual
payouts from the company. However, he would continue
to receive a pension.
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