No credit card required. Globally recognized stars like Daniel Radcliffe and Emma Watson have gone on to . Full Name: Wesley J. This is how you do a Horatio Alger story! He went to school barefoot and got made fun of for being the poor kid even in a place where everyone was poor. Having been the point man in so many big deals and uprisings, Hall is now respected on Bay Street, but certainly not universally liked. Canadian proxy firm Kingsdale's Wes Hall pushes for diversity with new group. Does Victor Dodig no longer care about Black people? This article was published more than 9 years ago. You've successfully signed in. I see all these different things and go, its not right. We also deliver content in Spanish, Arabic and Chinese, as well as both official languages, through Radio Canada International (RCI). Hall nods at the assessment, and doesn't disagree. Check the people you hang around with its like looking in the mirror. Wes Hall is the executive chairman of the KSS Group of Companies, director of SickKids Foundation and board member of the Toronto International Film Festival (TIFF). Causa.. Institute of Corporate Directors, Rotman School of Management, University of Toronto. Theyd only met a couple of times in Jamaica, but he didnt like following his dads rules, so soon moved to a rooming house, and worked as a dishwasher in a tough part of Scarborough while he finished high school. The Hall family, which runs Hallmark Cards, was 89th on the Forbes magazine list, with a net worth of $2.6 billion. Executive Chairman and Founder, Kingsdale Advisors. Now as I exit my latest company and both my kids prepare to leave home for school in the fall, its time to enjoy this season with them. Continuous Play: ON OFF Fri Feb 03 Sat Feb 04 Sun Feb 05 Mon Feb 06 Tue Feb 07 Wed Feb 08 Known for his generosity, Hall leverages his business success to benefit others with a number of impactful charitable initiatives and serves as a Board Member with the SickKids Foundation, Pathways to Education, Toronto International Film Festival, and most recently, The Black Academy. Wesley J. Welcome to the full-combat world of activist investing. The most important thing is to ensure that investors have received the documents and forms they are legally required to have before they can vote. "They didn't realize they had so many U.S. shareholders who have no clue what the Order of Canada is.". As you know and acknowledge, I am both Bay Streets Chief Kompromat Officer and the worlds 2nd least racist person. 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. The Underground Railroad saw enslaved African-Americans gain their freedom through a carefully organized yet harrowing North American-wide transportation mode. His client list includes such domestic and foreign giants as Goldcorp, Scotiabank, Xstrata and CVRD (now Vale). Get notification with the latest net worth updates for free. A generation ago, the job was little more than an administrative positionarranging annual meetings and monitoring the collection of proxy forms from docile shareholders who didn't have the inclination to attend, and whose shares would then be voted in favour of existing directors and management. We made a rough calculation in regards to the value of his hotel based on estimated annual revenue from 115 rooms, then discounted the total by 40%. He is from United States. We won by 250,000 votes. Frankly, its a 50/50 in my mind that she fell on purpose just to inflict such a painful dilemma on Wes Hall. His net worth has been growing significantly in 2021-2022. Last month, Telfer's Entrepreneur Club (TECDE) hosted the 31st annual Toast to Success dinner. Last November, in an interview in New York, Rosenstein was still bitter, even though he'd realized big profits by selling off a majority of his 7.6 per cent stake in Agrium in October. Indeed, Wes Halls story comes with a disclaimer about not feeling smug that we live in such a meritocratic country: Holding a story like mine up as proof that the obstacles society stacks against Black and Indigenous folks and people of colour are surmountable further entrenches those obstacles. Toronto Life magazine. TORONTO-- ( BUSINESS WIRE )-- Kingsdale Advisors, North America's most trusted strategic shareholder advisory firm, today released its 2020 . If we couple the figure with his business venture earnings, Wes Bergmann's estimated net worth is around $500,000. You just do it because nothing is worse than that environment.. In 1985, at age 16, Hall moved to Toronto to live with his father, a factory worker. I read Wes Halls new autobiography No Bootstraps When Youre Barefoot: My rise from a Jamaican plantation shack to the boardrooms of Bay Street. Is he going to flit from one hot issue to the next just to be cool and relevant? At the meeting, the management's entire slate won by a narrow margin, triggering Rosenstein's outburst. She just saw something that needed doing, and she did it, said Hall, So its kind of the same attitude that I take in life, you know. To Be Hosted is an events and media company specializing in dinner, When The Network Journal (TNJ) in 2017 asked Thasunda Brown Duckett to tell us the three most important things she would like people to know about, Two Ethiopians have filed a lawsuit in Kenyas High Court in Nairobi against US tech giant Meta, the owner of Facebook, for failing to prevent the, If you're looking to take your business to the next level, joining an entrepreneurial community can be a great way to do it. biogen senior engineer ii salary. Having come from a tin shack with no electricity or running water, but which had an outhouse, and living in luxury because his house has running water, electricity, and a bathroom, Hall noted that differs from others who dont want to lose their possessions or reputation by taking on something risky. Hall says that Rosenstein and other U.S. activists find Canadians frustratingly polite and hard to read. "But a proxy fight is not a pillow fight.". Income, Cars, Lifestyles & much more details has been updated below. Under Canadian securities law, those commissions are legal (although more common in M&A transactions), but Jana did not pay them. Overview. He also likened it to starting Kingsdale when he saw the chance to be a disruptor, even though hed never run a business before. Wes Brown: Salary and Net Worth. He knew hed be scrutinized, but he found taping the first season an amazing experience. Cest comme a que je taime (Happily Married), THE NO-GOOD, TERRIBLY KIND, WONDERFUL LIVES AND TRAGIC DEATHS OF BARRY AND HONEY SHERMAN. He began his fortune by purchasing a franchise of Boston Pizza. Ceres started life as a closedend mutual fund specializing in agricultural investments, run by ex-Maple Leaf Food executives Tom Muir and Michael Detlefsen. Wes Hall is an Executive Chairman & Founder at Kingsdale Advisors based in Toronto, Ontario. Does he have a role model? Target companies are in play because they're seen as laggards, and it's his job to point out their deficienciesin detail. Report on Business magazine: December 2015. Hall shrugs off potshots. Rosenstein's outburst capped a 10-month push for reform at Agrium. ", WINWheaton River/Iamgold/Coeur d'Alene/ Goldcorp/Glamis (January, 2005) Acting for Wheaton River and Goldcorp"This kept me busy for months. However, many students live in surrounding boroughs, such as Lambeth, Lewisham and Croydon. Canadian Business Leader. VN Capital Management is a cheapskate investor's dream. Wes Welker was born in Oklahoma City. 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.". As executive chairman and founder of Kingsdale Advisors, he has been repeatedly named one of Canada's most powerful people, including by the Globe and Mail, Canadian Business, Toronto Life and Maclean's. . Meanwhile, CP's board "imagined a feedback loop" of fellow Canadians that didn't exist, says Katzovicz. Hes CBC Dragons Dens first Black dragon. "Either side could have done it," he says. On Jan. 10, 2017, Kingsdale Shareholder Services announced it was rebranding as Kingsdale Advisors to more accurately reflect the broad suite of strategic advisory services from defensive advisory, governance, voting analytics, and communications. . Please only use it for a guidance and Wes Hall (businessman)'s actual income may vary a lot from the dollar amount shown above. ", 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. As of 2013, they were managing $93-million, probably half what Jana's Barry Rosenstein paid himself in 2013. https://t.co/7flGmcKrx3 Please complete the form below and click on subscribe for daily newsletters from Wealth Professional. Wes Hall is certainly a departure from the traditional Upper Canada College-bred Bay Street executive. As Executive Chairman and Founder of Kingsdale Advisors and The BlackNorth Initiative, 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's also one of the most unlikelyraised by his maternal grandmother in a tin shack in Golden Grove, Jamaica, one of 15 half-brothers and sisters. Wes Hall is an established innovator, entrepreneur, and philanthropist. 2022 Canadian Business Leader of the Year. Hall, who is one of North Americas most influential power brokers, founded Kingsdale Advisors 18 years ago, at the age of 34. Save . I created my own company from the ground up. Estimated Net Worth in 2020: Under Review: Previous Year's Net Worth (2019 . Eventually, Glamis and Goldcorp did a friendly merger.". He charges three times what everybody else charges on his reputation." This fight for freedom 200 years ago is still relevant today as we battle the shackles of systemic racism against BIPOC individuals. At Agrium's shareholder voting deadline on Friday, April 5, Rosenstein thought he had enough votes to replace at least two directors at the meeting the following Tuesday. "These guys have done hundreds of shareholder meetings, and if they have the feeling that the meeting is a waste of time, they have signals between them to end the meeting faster, like closing a pitch book or knocking on the table.". "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. My eldest, Darian, has a heart of gold. It's actually a myth about how to make money on Facebook Wesley J. Ackman complains that the lower threshold would also limit the number of Canadian companies he and other U.S. activists would approach. Wes Hall's advice to the CEO was direct: "I think you should resign." Jun 16, 2020 Humiliation is a part of being a black CEO in Silicon Valley . Goldcorp was close to finalizing a deal to take over Wheaton River Minerals when Glamis launched a shareholder challenge and a hostile bid for Goldcorp. He still seems to have done OK, if I can judge by his own biography: He has established himself as the preeminent leader in shareholder advisory services and contested investor situations. Our daily newsletter is FREE and keeps you up-to-date with the world of wealth. Halls an active board member of the SickKids Foundation, The Black Academy, and Pathways to Education. Skip to main content Management Information Circular 2022 - French About Us Who We Are 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. The activists don't like it it would force them out in the open too early, and make it much more expensive to raise their stake beyond 5 per cent. He made a big deal when he joined in 2020, but hes already gone. Lesson: Every vote counts, and that extra phone call to a shareholder can make a difference. For further information and press materials, please contact: All content including images on this site are intended for Media use only. Wes Welker gets a salary of $9.5 million, and he has an estimated net worth of $25 million, as of February 2023. Having recently sold his latest venture FreshGrade to the California company behind the worlds largest network of Montessori schools, Merrifield has decided to take a sabbatical and enjoy some time and travel adventures with his family. Will cause accidents. Meanwhile, letters to Ceres management asking for it to change the rich compensation were met with polite, though long-delayed, responses. WINFred Godard vs. Leitch Technology (2003) Acting for Leitch "This was our first proxy fight at Kingsdale. #cbcdragonsden https://t.co/Q6AFqY9ryi, @cityoftoronto really dumb what you just installed at Ave/Roxborough. This was the spot of the Underground Railroad Restaurant, one of Toronto's first Black-owned and operated soul food establishments from 1969 to 1990. After graduating in 1988, Hall found a job as a junior mailroom clerk at Stikeman Elliott, one of Toronto's blue-blood legal firms. Net Worth: ( 01/03/2023 ): ~ USD $0.38 Billion. The firm's staff is split among account managers for specific companies, legal and communications specialists to prepare documents and presentations for investors, and call centre employees who phone shareholders. Their bill for the whole activist affair? Jana had approached the company the same way Pershing Square had started with CP: with a detailed plan for the board to increase shareholder returns, including increasing its dividend, splitting Agrium's retail and wholesale businesses, cutting costs and replacing five directors. We tend to attack those a little like us we are our worst critics, after all. So in the spring of 2013, when VN took a run at Ceres Global Ag Corp., which invests in grain elevators and rail lines, the Toronto-based company could be excused for never having heard of Vanasek and Noone. Cleghorn argued that Green was working on a multiyear turnaround strategy, and that Ackman really had no plan. Wes Hall is a Canadian businessman, serial entrepreneur, and an avid advocate for social justice in the BIPOC community. Last April, frustrated New York activist Barry Rosenstein, founder and managing partner of Jana Partners LLC, erupted at the annual meeting of Calgary-based agriculture and fertilizer giant Agrium Inc. after narrowly losing a shareholder vote. And finally, my everything, Christine, is our mother hen. Summary. They now want to rein in some of the tactics. Follow us on Twitter: @globebusinessOpens in a new window, Checking box will enable automatic data updates. At the end of the day I had an opportunity to say yes to it, he said, and, as a result of saying, yes, Im guaranteed that its going to open the doors for others like me in the future.. He wrote: I live in the Rosedale neighbourhood in Toronto. In the end, VN formally requested a shareholders' meeting to end the management contract. He is one of the richest NFL players and hence the richest athletes. He's an intriguing mix of dapper corporate formality and street smarts, and he knows how to seize an opportunity. Founder and Chairman, The Canadian Council of Business Leaders Against Anti-Black Systemic Racism, Rich Paul is the co-founder and CEO of KLUTCH Sports Group, since 2012. 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. With offices in Toronto and New York, Kingsdale Advisors is the leading advisor to public companies on all shareholder, governance, and transaction-related matters, having acted on the largest and highest profile proxy fights, transactions, and other special situations. Hall's closer: "Negotiate with friends now, or enemies later." What does a proxy specialist do? 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. 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