Professor Ian Lee (Director, Master of Business Administration (MBA) Program, Sprott School of Business, Carleton University, As an Individual) at the Government Operations and Estimates Committee

Thank you for inviting me. I apologize for being late. I was at Centre Block. I thought the meeting was in Room 237 at Centre Block.

Before I go into my slides, I want to give you a quick preamble. I'm a former mortgage manager and lender for the Bank of Montreal. In the 1970s and 1980s, in fact, I worked in the building under construction right next door to this building. I believe it's going to become the home of the finance committee.

I'm a tenured professor at Carleton University in the business school.

I have a couple of quick disclosures. I do not consult to any person or entity of any kind, anywhere, directly or indirectly. One hundred per cent of my income is from Carleton. In summary, my views here have not been influenced by someone else's self-interest.

Finally, I will disclose that I was involved as one of the founding activists in an Ottawa NGO called Friends of Lansdowne park. We vigorously opposed the City of Ottawa in the $400-million redevelopment P3. We actually sued the City of Ottawa, lost, then appealed to the Court of Appeal, and then lost again. Then we stopped. You may think that—