wes hall kingsdale net worth 2020wes hall kingsdale net worth 2020

Petro Canadas $19 billion merger with Suncor Energy. Dragons Den Canada Net Worth's 1 - Jim Treliving - Net Worth: $700 Million How He Made It Jim Treliving started out as an officer in the Royal Canadian Mounty Police force. This article was published more than 9 years ago. Chairman and Founder, WeShall Investments Inc., Kingsdale Advisors, The BlackNorth Initiative, Dragon on CBC's Dragons' Den, Host "Between Us with Wes Hall" Podcast. 2023 BlackEntrepreneurProfile.com. Hall Born: May 08, 1969, Golden Grove, Saint Thomas, Jamaica Position: Executive Chairman and Founder Works for: Kingsdale Advisors Primary Industry: Financial Services Nationality: Jamaican, Canadian Residence: Toronto, Ontario Net Worth: ( 01/03/2023 ): ~ USD $0.38 Billion. In Canada, if you're an activist investor leading a shareholder uprising, or you're the CEO (or board) under siege, you usually either hire Hall or end up staring at him on the other side of the table. Canada's first Black Dragon @cbcdragonFounder/Chairman @kingsdaleadvisors @blacknorthca2022 Canadian Business Leader of the Year . He was raised by his maternal grandmother with four of his half-siblings and three cousins. Lowering the threshold to 5 per cent doesn't leave too many firms in Canada to invest in," he says. (Reuters) - Wes Hall, a prominent Canadian businessman and chairman of proxy advisory firm Kingsdale Advisors, on Wednesday launched a group to fight racism and improve the representation of. Its unfortunate that such considerations entered his mind. Deeply rooted in communities, CBC/Radio-Canada offers diverse content in English, French and eight Indigenous languages. In other words, take this net worth with a grain of salt. He re-joined his mom at 11, but she kicked him out at 13 and he lived on his own until 16, when he decided to move to Canada to get to know his dad, a factory worker. He also consulted Wes Hall on the recommendation of his respected and tough-minded Canadian securities lawyer, Patricia Olasker of Davies Ward Phillips & Vineberg, who had acted for Ackman in disputes with Canadian Tire in 2006 and Sears Canada in 2010. Duncan Bannatyne: 400 . ", The insularity is a basic frustration that almost all U.S. shareholder activists seem to share. Im excited to join Dragons Den and sit alongside some of our countrys biggest and brightest business minds, said Hall. Net Worth: ( 01/03/2023 ): ~ USD $0.38 Billion. As the Founder of Kingsdale Advisors, Mr. Hall has delivered an unparalleled track record of success for North Americas biggest names including: - Air Canada - Barrick - BHP Billiton - Citigroup - CN - CP - Ovintiv - Goldcorp - Talisman - Suncor He has been sought out to lead some of the highest profile deals and activist campaigns in North America including: Enbridges $37 billion merger with Spectra Energy, Agrium and Potash Corp.s $36 billion merger. Watching his grandmother do the best she could was a model for establishing his resolve. Kingsdale has more than 60 employees, and a big campaign like CP requires help from almost all of them. It used to be that if major shareholders were dissatisfied with a Canadian corporate giant's performance, the matter was resolved by some behind-the-scenes griping among old-boy CEOs and directors at, say, the Toronto Club or its Calgary counterpart, the Petroleum Club. "They didn't realize they had so many U.S. shareholders who have no clue what the Order of Canada is.". Wes Hall's Net Worth: $1-5 Million Age, Height & Body Measurements Wes Hall is currently age 81 years old. Last month, Telfer's Entrepreneur Club (TECDE) hosted the 31st annual Toast to Success dinner. Filing cabinets jammed with papers provide the only decor. All right reserved. So f*** her, you know what I mean? ", WINOctavian vs. EnerCare (April, 2012) Acting for EnerCare"The company was behind the vote by 25 per cent. Two younger half-brothers didn't adapt as well as he had, however. As the Executive Chairman and Founder of Kingsdale Advisors, he has delivered an unparalleled track record of success leading some of the highest profile deals and activist campaigns in North America. In 2003, Hall left Georgeson to launch Kingsdale. Wes Welker gets a salary of $9.5 million, and he has an estimated net worth of $25 million, as of February 2023. Hall says he almost always advises activists to take it slow. In December, CP announced that it would add two new directors who were clearly sympathetic to Ackman. "Our job as regulators is to be as neutral as possible between boards and shareholders.". Wes Hall, one of Canadas most innovative entrepreneurs and leading business people, aquired Titan Supply in 2016 as part of a transaction with Tuckamore Capital Management. I am assuming that his philanthropy is structured some other way, because I don't think $5k goes very far in fighting centuries of white privilege. In it, Ackman threatened to go public unless CP's board moved faster on his requests and replaced Green with Harrison. They now want to rein in some of the tactics. Backed and managed by the private boutique investment firm Front Street Capital, Ceres had what VN considered to be an overly aggressive two-and-20 management compensation structure typical of a private equity partnership (that is, 2 per cent of total assets, plus 20 per cent of profits earned) except that it was a publicly traded company and owner of hard assets. BlackNorth . In the case of Ackman or other large clients, that service includes having Hall attend meetings with the big-fish shareholders, and taking part in candid, off-the-record conversations with the other side. This is how you do a Horatio Alger story! What most impressed him in all that, though, was his grandmother, who so graciously took in three little ones when she was 60. Mr. Hall is known for his generosity, leveraging his business success to benefit others with a number of impactful charitable initiatives, and serves as a Board Member of the SickKids Foundation. I am assuming that his philanthropy is structured some other way, because I dont think $5k goes very far in fighting centuries of white privilege. Hes orchestrated multi-billion-dollar deals for Air Canada, Citigroup, Tim Hortons, and Petro Canada and is #16 on Macleans Power List of 50 influential Canadians. Causa.Honorary Doctorate , Doctor of Laws, JD Hon. He, Green, lead director Michael Phelps and three others agreed not to stand for re-election, and the company itself endorsed Ackman's 16 nominees. Almost all of his early clients were small mining companies, but his work on the complicated dispute between Toronto-based Goldcorp and Nevada-based Glamis Gold, from 2004 to 2006, kicked him into a higher league. #blackhistorymonth #blackexcellence #oldtoronto #undergroundrailroad, As we continue to celebrate #blackexcellence this month, I'm giving a shoutout to this fantastic local Black-owned business @adifferentbooklist, an institution in our community. Full Name: Wesley J. ), Then as now, Pershing Square's official line was that it prefers to work with a company's existing management to improve performance, rather than go to war. Some information may no longer be current. If you look at where I started, and where I am today, I dont know what impossibility is because, really, this journey should have been impossible.. To handle a two-month proxy battle for a small company, he might charge $300,000. Check your email for magic link to sign-in. Wes Welker has been very successful for almost every team he has played for. So, how much is Wes Chandler worth at the age of 66 years old? As of 2013, they were managing $93-million, probably half what Jana's Barry Rosenstein paid himself in 2013. Agrium's board paid commissions to brokers who rounded up shareholder proxy votes in favour of management. As Executive Chairman and Founder of Kingsdale Advisors, he has been repeatedly named one of Canada's most powerful people by The Globe and Mail, Canadian Business, Toronto Life and Maclean's.He is also the owner of QM Environmental, a leading environmental and industrial services provider; Titan Supply, a top . Its just more to go, man, I went from impossible to actually accomplishing the impossible.. Our daily newsletter is FREE and keeps you up-to-date with the world of wealth. Wall Street agitators such as Bill Ackman, Barry Rosenstein and Carl Icahn, and a small but growing number of Canadians, such as Greg Boland of West Face Capital, want underperforming executives to raise shareholder returns fast, or get out of the way. Like who? She wasnt resentful. Posts. As Canadas trusted news source, we offer a uniquely Canadian perspective on news, current affairs and world affairs. Salary 2020. I am touched by Gilles drive, bravery, and will https://t.co/CtP8dBrbXN, RT @colindeacon: Im behind in my @cbcdragons episodes. As a child in rural Jamaica, he was raised by his grandmother; he moved to Canada at 16, and set himself on track to become one of the most influential business people in Canada. When expanded it provides a list of search options that will switch the search inputs to match the current selection. But Canada's remaining public companies now need to attract foreign capital to bolster their share prices, and that has put them in the crosshairs of activists like Ackman. Thats the philosophy thats guided him into everything hes done from his Black activism to agreeing to do Dragons' Den, even though the latter took him out of his comfort zone because hed never done television before. He bought large positions in Procter & Gamble, Kraft and U.S. mall owner General Growth, agitated for changes, and later sold shares for fat profits. There is no information about his salary through any sources. Wes Brown: Description of Body Measurements. I'd like to see this stack get higher, and I'm sure I will as more and more BIPOC voices are being heard and recorded. Tim Hortons $12.5 billion merger with Burger King. To say that old people are racist is itself a stereotype. Wes doesnt mention it in the book, but he sold majority control of his Kingsdale Advisors to MDC Partners for $50m in 2014. What are some of the hidden gems you have uncovered? This year, he was awarded an honorary degree from Queens University, the whitest university we have. We assume Mr. Hall owns at least 51% of each of his companies. He founded Kingsdale in 2003 because he saw a growing and profitable niche: Activists and target regimes needed high-level advice and coaching in shareholder disputes. He says that we can't just give lip service anymore. 0; Find contact's direct phone number, email address, work history, and more. Wes Hall Multidisciplinary team offers an array of specialized services focused on strategic and defensive advisory, governance advisory, governance advisory and proxy analytics, strategic communications and voting analytics. ", WINStephen Joffe vs. TLC Vision (June, 2008) Acting for TLC"We prepared a very strong campaign and, when the other side saw it, they withdrew and ended the fight. You know, life is too short.". Michael Gordon was deported to Jamaica some time in the early 1990s, after several drug-related arrests. Wes Hall is Founder and Executive Chairman of Kingsdale Advisors and Founder and Chairman of the BlackNorth Initiative. https://t.co/7flGmcKrx3 Hall is also titled the Best Canadian Business Leader of The World in 2022. Talking about his body measurement, he has high of 6feet, 1 inch, and a weight of 77kg. Hall was put in charge of business development and sales. What happened with Dragons Den has mirrored whats happened in Halls life. Big thanks to Itah for providing a safe space to learn at the @blackhurstculturalcentre and teaching us how integral the Black community has been in shaping Canadian history. Will cause accidents. Kingsdale designed a punchy brochure for Ackman, with a slick cover photo of a train travelling through the Rockies, titled "CP Rising." Your billing info has been updated. He now admits he knew little about what he was asked to do, but the new job allowed him to see the big potential in advising on proxy battles, not just running and monitoring shareholder votes. (At the time, MDC was helmed by none other than Miles Nadal). Hall also sponsored his mother and four of his siblings as immigrants, and paid their way to Canada. Still, the vital history of the Underground Railroad lives on not only in this plaque but in our ongoing commemoration and celebration of Black History Month. The pair got their start in 2002, with backing from Joseph Rich, one of the progenitors of the original money market fund, who took a 20 per cent stake in the firm. Toronto Life magazine. Through our mandate to inform, enlighten and entertain, we play a central role in strengthening Canadian culture. Save . "If the shareholders vote for the new slate," Hall told the CEO (who, for obvious reasons, wants to remain anonymous), "you will most likely lose your severance, and you could be in a personal legal fight for the vesting of your stock options." Institutional shareholders of any nationality are now hungry for higher returns, and they are both interested and obligated to listen to any serious activist who can deliver them. Plus, both Dragon Arlene Dickenson and public intellectual Ben Mulroney endorse the book. But, thats where people dont really take on challenges that are tough because they dont want to fail.. Hes on the Ontario governments Capital Markets Modernization Taskforce and Toronto International Film Festival board, and he's just been named to the advisory board of Maverix Private Equity. Jun 16, 2020 Humiliation is a part of being a black CEO in Silicon Valley . In the end, VN formally requested a shareholders' meeting to end the management contract. The activist wanted to replace several company directors; the new board would then certainly fire its top managers. He knew hed be scrutinized, but he found taping the first season an amazing experience. The restaurant may have closed down 30 years ago. Hall says that he has talked to the OSC about it. Today on #MartinLutherKingJrDay I'm delighted to announce the launch of my rebranded private equity firm, https://t.co/G5JlPFRjMp, Tune in to the latest episode of my #podcast, Between Us, in partnership w/ @TorontoStar, featuring the talented https://t.co/uU7ZPol4hh, RT @cbcdragon: This exercise pitch is the definition of workout smarter, not harder. Interestingly, I learned that TIFF had total assets of $101m (mostly land and buildings). Wes Hall founder and executive chairman at Kingsdale Advisors joins BNN Bloomberg to talk about dismantling systemic racism following the death of George Floyd and changing what our boardrooms look like. He has established himself as the preeminent leader in shareholder advisory services and contested investor situations. We also deliver content in Spanish, Arabic and Chinese, as well as both official languages, through Radio Canada International (RCI). My youngest, Broghan, will order plain pasta and french fries in Italy. Welcome to the full-combat world of activist investing. He began his fortune by purchasing a franchise of Boston Pizza. Wes Hall founded Kingsdale Advisors and built it into one of Canada's leading shareholder services and advisory firms. Wes Hall starts from a much lower base and arguably rises much farther, becoming an advisor to hedge fund titans and CEOs. As a first step, CIBC CEO Victor Dodig must disclose why hes no longer co-chair of BlackNorth. Famous musicians, Hollywood stars, politicians and athletes came for the food and vibe. And if it doesnt work out, it doesnt work out, but Im not going to not do it because Im afraid of failure. Yet Wes Hall went on to become a major entrepreneur, business leader, philanthropist, and change-maker, working his way up from a humble position in a law firm mailroom by way of his intelligence, his curiosity, and his ability to see opportunities that other people don't. If the circumstances of Wes Halls childhood werent harsh enough, as a teenager, he had the misfortune of immigrating to a country with systemic racism - you guessed it, our very own Great White North. "Either side could have done it," he says. There is also still a palpable suspicion of Americans. I marvel at what he could have accomplished in a country that wasnt beset with white supremacy. Eventually, Glamis and Goldcorp did a friendly merger.". But for advising corporate giants, he'll often charge $40,000 a day. Hall, 44, the polished but blunt CEO of Toronto-based Kingsdale Shareholder Services Inc., had estimated the shareholder votes for and against management's current slate of directors.. Formation Metals (June, 2013)Acting for Formation "The dissident had 17 per cent, and the company started with zero. White people, be on notice: if I determine that theres systemic anti-Black racism on Bay Street, youre in big trouble. He also likened it to starting Kingsdale when he saw the chance to be a disruptor, even though hed never run a business before. Daniel Radcliffe, Robert Pattinson, and Emma Watson have a reported combined net worth of approximately $290 million. . Vanasek and Noone never considered themselves activists. It took Vanasek and Noone almost 18 months to buy more than 5 per cent of Ceres's outstanding shares a critical amount to be able to call a special shareholders' meeting. Hall says it was actually an attempt to make performance, not personality, the issue. Brentyn wants to be as handsome as his dad one day but hes got big shoes to fill. These communities provide. He decided to risk his financial security and . Canadian Business Leader. "When I wanted to start Kingsdale, it was hard to get backing and I had to find someone who looked like me and believed in my vision to start this business," Hall recounts. Hall is still 100 per cent owner of Kingsdale, and he won't give out a revenue figure. "I think we're going through an inflection point in Canada," he says. Harrison declared that if he didn't deliver the results Ackman had promised, "you can hang me in Times Square and you don't have to pay me.". Entrepreneur tells WP about his journey from a tin shack to corporate boards and Dragons' Den, and why he still feels he has nothing to lose. He is from United States. "People don't like being told they're a bad parent," he says. Wes is reported to have earned over $298,000 on the show. As Hall did with Ackman in the CP uprising, he accompanied Rosenstein to meetings with the large Canadian institutional shareholders. linktr.ee/kingofbayst. Articles by Wes Hall on Muck Rack. However, many students live in surrounding boroughs, such as Lambeth, Lewisham and Croydon. Would then certainly fire its top managers his maternal grandmother with four of his half-siblings three. 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Boston Pizza: ~ USD $ 0.38 billion 's board paid commissions to who! His fortune by purchasing a franchise of Boston Pizza vs. EnerCare ( April, 2012 ) Acting formation. $ 290 million Leader in shareholder advisory services and advisory firms almost always advises activists to it... But for advising corporate giants, he was awarded an honorary degree from Queens University, the whitest University have. An inflection point in Canada, '' he says that he has established himself as the preeminent in!

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