My youngest, Broghan, will order plain pasta and french fries in Italy. The actual meeting was somewhat of an anticlimax: Ackman's slate was elected with 90 per cent of shareholder votes. In other words, take this net worth with a grain of salt. WINDundee vs. Hall's decision to also have Harrison accompany Ackman to meetings was deft in several ways. Visiting Jana's floor in the Mad Men-era General Motors Building is somewhat surreal, with what appeared to be just two-dozen staff spread over about a half-acre of some of the most expensive office space in Manhattan. 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. Wes Hall's Net Worth: $1-5 Million Age, Height & Body Measurements Wes Hall is currently age 81 years old. 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 . I created my own company from the ground up. The broad strategy for both sides is to meet with the biggest pension funds and institutional investors one-on-one to pitch your case the CPP Investment Board, Ontario Teachers, the Caisse de dpt and the biggest private-sector firms, such as BlackRock and Fidelity. Hall is also the executive producer of the Dionne Warwick documentary, Don't Make Me Over, which premiered at the 2021 Toronto International Film Festival; host of the podcast, Between Us: with Wes Hall, launched in partnership with TorStar group; and the author of No Bootstraps When You're Barefoot, released in October 2022. What happened with Dragons Den has mirrored whats happened in Halls life. 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.". Much bigger assignments followed, including work on Xstrata PLC's hard-fought takeover of Falconbridge in 2006, and the $19-billion merger between Suncor and Petro-Canada in 2009. He charges three times what everybody else charges on his reputation." 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 . This button displays the currently selected search type. Is he placing CIBC above the interests of Black people? The Ward family was ranked 124th on the Forbes list, with a combined net worth . Doctor of Laws, JD Hon. He was raised by his maternal grandmother with four of his half-siblings and three cousins. 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. Ira Gluskin is still around, believe it or not. Hall's phone number was found in his pocket. Regulating proxy monitoring services is another possibility. Hall says he almost always advises activists to take it slow. 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. But, thats where people dont really take on challenges that are tough because they dont want to fail.. But many Canadian money managers are particularly timidthey are so non-committal in presentations by activists or target companies that neither side can tell which way they will vote. And shareholder activism was heating up in Canada, particularly in the mining sector. In 2020, Wes wrote an oped in the Globe decrying anti-Black racism, which eventually led him to found the BlackNorth Initiative. Hall is a Canadian businessman and entrepreneur, best known as a "Dragon" investor in the Canadian edition of the reality television series Dragons' Den. Plus, both Dragon Arlene Dickenson and public intellectual Ben Mulroney endorse the book. Canada's corporate establishment, he adds, is particularly "clubby" and defensive. He was a wicketkeeper at the prestigious . Dr. Wesley J. God forbid someone should think their obstacles are surmountable! 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. But the lawyer acknowledges that Hall and his team are the "safe option," because Kingsdale is the biggest and best-known proxy advisory specialist. Advisor. "You are a board that proved that if you play dirty enough, violate all precepts of good corporate governance, fair play, ethical behaviour and democracy, you can still lose the campaign but then barely manufacture a victory after the voting is supposed to be over.". You've successfully subscribed to OPM WIRE. Dragons Den Net Worth's 2020. Kingsdale Shareholder Services Inc., was started in 2003 and Kingsdale Communications Inc., started in 2009 to provide clients with a best-in-class mechanism for communicating with shareholders and managing IR communications. That was a step that I never thought that I would ever take, to leave that environment to come to Canada, he said. Wes Hall is Founder and Executive Chairman of Kingsdale Advisors and Founder and Chairman of the BlackNorth Initiative. CP's share price climbed (along with the value of Ackman's stake) to $65 within days of the announcement, up substantially from $50 in early October. I decided to pay a long overdue visit and see if they carried #NoBootstrapsWhenYoureBarefoot. Hall, who is one of North Americas most influential power brokers, founded Kingsdale Advisors 18 years ago, at the age of 34. Wes Chandler Net Worth. Cleghorn and the board had clearly misjudged the new realities of investing. Your story is inspiring, this is a we https://t.co/9Pz3E8PPzd, RT @ArleneDickinson: Gilles couldnt have found a better investor than @kingofbaystreet. O'Farrell hired him as a law clerk and assistant corporate secretary. Over the past five years, Hall has become one of the most influential power brokers on Bay Street. I was out for a walk recently and saw an elderly white woman fall. After completing his schooling, Hall found employment with the cable office in Bridgetown. So, when that step happened, and there was success from actually getting here to Toronto, and then getting my first job, and then going to school, and doing all those different things that Ive done, its like all these little incremental successes, and Im like wow, that isnt bad, so I kept going! 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. Add to Playlist Continuous Play: ON OFF Latest My Playlist Search By Date Now Showing Edit Overview Section. Canadian proxy firm Kingsdale's Wes Hall pushes for diversity with new group. In what turned out to be a PR masterstroke, Hall organized a campaign-style presentation for more than 450 shareholders, analysts and other Bay Streeters in a ballroom at the Toronto Hilton in February, 2012. Talking about the net worth of Wes brown it's around 10million pounds as of 2022. And they come armed with detailed business makeover plans, lawyers, investment bankers, PR reps and what, over the past decade, has become one of the most powerful weapons in their arsenal: the proxy solicitation and advisory specialist. This will cause accidents. They plot strategy, control written communications to investors, stage cross-country tours, corral shareholder votes and whip their candidatesbe it the activist or the target companyinto shape, keeping them focused and on-message. Hall attributes his success to a series of small steps, where he achieved different levels of success. 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. Wes Hall is an established innovator, entrepreneur and philanthropist. One of the tactics that bothered Rosenstein and Penner the most was what they call out-and-out "vote buying." Kingsdale designed a punchy brochure for Ackman, with a slick cover photo of a train travelling through the Rockies, titled "CP Rising." Wesley J. (Cleghorn declined to be interviewed for this story. She wasnt resentful. The BlackNorth Initiative is committed to increasing the representation of Blacks in the boardrooms and executive suites across Canada. Founder/Chairman @kingsdaleadvisors @blacknorthca. Wes doesnt mention it in the book, but he sold majority control of his Kingsdale Advisors to MDC Partners for $50m in 2014. In early childhood, Wes Hall was abandoned by his parents and eventually cared for by his grandmother. Eat your heart out, Miles Nadal! 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. For further information and press materials, please contact: All content including images on this site are intended for Media use only. The commission is considering a proposal to lower the threshold from 10 per cent to 5 per cent at which an investor would have to disclose a company holding and declare intent. Jimmy Connacher is suing Caldwell Securities over Bridging Finance. Peter Jones is the richest person on Dragons Den with a whopping net worth of over 450 million pounds and he is followed closely by Tej Lalvani whose net worth has creeped to 420 million this year. Kingsdale Foundation School (KFS) is a British mixed secondary school with academy status in West Dulwich, London, with an age range of 11-19 (Year 7 to sixth form). CP's operating ratioan industry benchmark that measures the percentage of a railroad's revenues that go toward operating expenses was more than 80 per cent, the highest among the six biggest North American rail carriers, compared with about 63 per cent for CN. ", 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. "Either side could have done it," he says. In 2006, the firm became a major player in Canadian business when it managed Xstrata's purchase and takeover of Falconbridge. Wes Hall is an entrepreneur and owner of Kingsdale Advisors, QM Environmental, Titan Supply, and Harbor Club hotel. Hall was put in charge of business development and sales. Last month, Telfer's Entrepreneur Club (TECDE) hosted the 31st annual Toast to Success dinner. "I congratulate you," he said sarcastically to Agrium's directors. It stated that Green and at least six directors had to be replaced with Ackman's nominees. In 1985, at age 16, Hall moved to Toronto to live with his father, a factory worker. You support us by using our links to buy products, it will cost you nothing extra. Wes Hall is on the board of the Hospital for Sick Children Foundation. 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. "Its all in the body language. 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. Agrium's board paid commissions to brokers who rounded up shareholder proxy votes in favour of management. Mr. Hall's net worth of ~ $375 million is only an estimate we calculated based on unreliable public figures of annual revenue for his companies. He is from United States. They showcase Black authors, which we need more, and shine a light on the richness of Black history in Toronto as educators @blackhurstculturalcentre. Its the no. Interestingly, I learned that TIFF had total assets of $101m (mostly land and buildings). Hall, ICD.D Executive Chairman and Founder, Kingsdale Advisors Founder, BlackNorth Initiative Wes Hall came from very humble beginnings in Jamaica to become one of the most influential business people in Canada. Wes Hall net worth is $4 Million Wes Hall Wiki: Salary, Married, Wedding, Spouse, Family Sir Wesley Winfield Hall (born 12 September 1937) is a Barbadian former cricketer and politician. CBC/Radio-Canada is Canadas national public broadcaster. Lowering the threshold to 5 per cent doesn't leave too many firms in Canada to invest in," he says. ", Canadas first Black Dragon @cbcdragon. He has established himself as the preeminent leader in shareholder advisory services and contested investor situations. Executive Chairman and Founder, Kingsdale Advisors. Kingsdale's first victory was sweet! Petro Canadas $19 billion merger with Suncor Energy. The rest was a heavily retail campaign, and the materials we designed and sent to shareholders sealed the victory. But Ackman says that CP didn't follow through with other changes it had promised. His results have been spectacularly hit and miss. My eldest, Darian, has a heart of gold. As Hall did with Ackman in the CP uprising, he accompanied Rosenstein to meetings with the large Canadian institutional shareholders. The following month, the dispute blew wide open, after Globe and Mail reporters got hold of a Jan. 4 e-mail from Ackman to Cleghorn titled "War and Peace." Hall says that Rosenstein and other U.S. activists find Canadians frustratingly polite and hard to read. Welcome to the full-combat world of activist investing. [1] Born and raised in Saint Thomas, Jamaica, [2] Hall moved to Toronto, Ontario as a teenager. Learn more about Wes Hall and the Wes Hall Social . His crowning achievement was maneuvering along with Bill Ackman to oust the blue blood board of Canadian Pacific and installing Hunter Harrison as CEO. Its unfortunate that such considerations entered his mind. He's CBC Dragon's Den's first Black dragon. Thats how Ive lived my life even before he said those words, said Hall. At least, co-Chair Prem Watsa is soldiering on. 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. But for advising corporate giants, he'll often charge $40,000 a day. He applied for a law clerk's job at a rival law firm, which passed on his application to Glenn O'Farrell, vice-president of legal and regulatory affairs at CanWest Global. That was paradise compared to the two years he lived with his verbally abusive and violent mother; at thirteen, his mother threw him out, and he had to live by his wits for the next three years. Undisclosed. West Indies Cricket Hall of Famer who played international cricket for West Indies. police officer relieved of duty. Whats she doing hoarding a big old home in Rosedale, when she should be in Florida zooming around in a golf cart? Wes Hall is an established innovator, entrepreneur, and philanthropist. This was the spot for anyone who wanted to be seen. 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. In June 2020, Wes founded the BlackNorth Initiative. So, if you have nothing to lose, why not just give things a shot? Many people ask this question about the money Wes Hall (businessman) makes from Facebook. But barriers don't scare activists. It lost the vote, but only because Front Street voted its shares in favour of its own management agreement. The entire operation, headed by MBA schoolmates James Vanasek (top left) and Donnell Noone, is run out of a 450-square-foot, one-room corner office in what was once the St. James Hotel, near Chelsea in Manhattan. What does a proxy specialist do? 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.. Wes Welker was born in Oklahoma City. Dexter John, Kingsdale's former executive vice-president, now works at rival CST Phoenix Advisors, and he picks his words carefully. Thats where he discovered the potential of advising on proxy battles, which led him to found Kingsdale in 2003. He says that we can't just give lip service anymore. In it, Ackman threatened to go public unless CP's board moved faster on his requests and replaced Green with Harrison. 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. Wes Chandler's income source is mostly from being a successful . CBC today announced that a new Dragon will enter the Den for Season 16 of DRAGONS DEN .Wes Hall, Executive Chairman and Founder of Kingsdale Advisors and Founder and Chairman of The BlackNorth Initiative, brings a diverse range of expertise to the Den. Rosenstein says one big reason he lost with Agrium is that "Canadians didn't like an American company making suggestions about how things could happen. Net Worth. Brentyn wants to be as handsome as his dad one day but hes got big shoes to fill. As Canadas trusted news source, we offer a uniquely Canadian perspective on news, current affairs and world affairs. In 1998, he worked briefly at CIBC Mellon, which handles share transfers, before Georgeson Canada, a shareholder communications firm, recruited him to oversee business development and sales. Hall says that he has talked to the OSC about it. In 2003, Hall left Georgeson to launch Kingsdale. As the first Dragon signed to the show, I have been so fortunate to have developed great friendships with my fellow Dragons and CBC staff, said Treliving. 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