03:07:58 EDT Tue 01 Jul 2025
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Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 1,637,319,028
Close 2025-06-06 C$ 78.78
Market Cap C$ 128,987,993,026
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Globe says for BAM's Flatt, it's "Crisis? What crisis?"

2025-06-09 06:43 ET - In the News

The Globe and Mail reports in its Saturday edition that amid the current economic turmoil, Bay Street and Wall Street are clinging to optimism, but many CEOs are quietly reeling. The Globe's James Bradshaw writes that Brookfield's chief executive officer, Bruce Flatt, is among the few CEOs that think the current turbulence will likely turn out to be nothing more than a blip. "I think, in 20 years from now, you will either look back and this period of time will not be recognizable as a period in time, meaning it won't be relevant," he told The Globe. "Or you will look back and say that we just continued on the trend that's happened over the past 50 years." It is even possible, he says, that huge investment in technologies such as artificial intelligence will drive massive gains in productivity that could create, economically speaking, "a Goldilocks environment for the next 10, 15, 20 years." Never mind whether the economy runs too hot or too cold: Mr. Flatt has built his career, and a $1-trillion (U.S.) asset management behemoth, as an eternal optimist. He has schooled his Brookfield executives to hold capital at hand to strike when opportunity knocks, and avoid getting rattled by the market's frenzied peaks and valleys.

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