I was hesitant to help her because I was concerned she would be startled by a Black man helping her, or that the neighbours would call the police on a Black man standing over an elderly white woman. Not only do I plan to make some incredible deals, I plan to help level the playing field for BIPOC entrepreneurs., "We are thrilled to welcome Wes as a Dragon investor this season," said Jennifer Dettman, Executive Director, Unscripted Content, CBC. Wes Welker has been very successful for almost every team he has played for. (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. Kingsdale's first victory was sweet! Wes Hall's advice to the CEO was direct: "I think you should resign." To handle a two-month proxy battle for a small company, he might charge $300,000. Dexter John, Kingsdale's former executive vice-president, now works at rival CST Phoenix Advisors, and he picks his words carefully. Stylish and supremely confident, the 47-year-old Ackman is CEO of Pershing Square Capital Management, an $11-billion (U.S.) New York-based hedge fund that has taken aim at more than two dozen high-profile targets since Ackman founded it in 2004. 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. Wes Hall is a Canadian businessman, serial entrepreneur, and an avid advocate for social justice in the BIPOC community. "You can't expect to recommend 100 changes and have all of them accepted," he says. 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. Your billing info has been updated. Along with Scotiabank CEO Brian Porter, Norton Rose chair Walied Soliman and many other potentates. 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. Wes Hall is an established innovator, entrepreneur, and philanthropist. We've walked past this plaque hundreds of times but had yet to notice it. 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. Ontario Securities Commission chairman Howard Wetston realizes that the activists are getting more popular. Who's your favourite BIPOC author I should add to my list? 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. Through our mandate to inform, enlighten and entertain, we play a central role in strengthening Canadian culture. At least, co-Chair Prem Watsa is soldiering on. What most impressed him in all that, though, was his grandmother, who so graciously took in three little ones when she was 60. Brentyn wants to be as handsome as his dad one day but hes got big shoes to fill. Wes Hall founded Kingsdale Advisors and built it into one of Canada's leading shareholder services and advisory firms. Wesley J. 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. This visit inspired me to revisit some of my favourite BIPOC authors and books that have inspired me the most. But if I wanted a feel-good Jamaican-Canadian story, I would have re-watched Cool Runnings. Most recently, Hall joined Season 16 of CBC's Dragons Den TV Show as a 'Dragon' investor. We won the vote with some great strategy. He was lionized in the Academy Award-winning 2010 documentary Inside Job for his early bets against subprime mortgages. Not known Before Fame. But on a counter behind his desk is a snapshot of the tin shack in Golden Grove where he grew up. ", DRAWMason Capital vs. Telus (2012)Acting for Mason "One of the toughest battles I have been involved in. 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. Halls an active board member of the SickKids Foundation, The Black Academy, and Pathways to Education. Ceres started life as a closedend mutual fund specializing in agricultural investments, run by ex-Maple Leaf Food executives Tom Muir and Michael Detlefsen. This year's theme focused on celebrating diversity in business, particularly marginalized entrepreneurs. Is he placing CIBC above the interests of Black people? Vanasek and Noone sit at Ikea desks and answer their own phones. Hall says that he has talked to the OSC about it. 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. Ackman began buying shares in September. Daniel Radcliffe, Robert Pattinson, and Emma Watson have a reported combined net worth of approximately $290 million. Its 2023 and Ira Gluskin is still around. Find Wes Hall's email address, contact information, LinkedIn, Twitter, other social media and more. He professionalized a business that in Canada had been mostly about phoning up retail investors to get them to vote on a corporate resolution into a broader strategic advisory practice. Later that month, news stories reported that Ackman wanted to replace CP CEO Fred Green with hard-driving former CN CEO Hunter Harrison after a non-compete clause in Harrison's contract with CN expired at the end of the year. Undisclosed. . Black families in the U.S. have an average net worth of US$17,600, about a tenth of that of white families, according to Federal Reserve research. Wes Hall (businessman) net worth 94.3 Million Millions of dollars 99% Net worth score Disclamer: Wes Hall (businessman) net worth displayed here are calculated based on a combination social factors. Wes Hall is an established innovator, entrepreneur, and philanthropist. God forbid someone should think their obstacles are surmountable! Tim Hortons $12.5 billion merger with Burger King. Welcome to the full-combat world of activist investing. biogen senior engineer ii salary. 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%. Its unfortunate that such considerations entered his mind. Wes Hall starts from a much lower base and arguably rises much farther, becoming an advisor to hedge fund titans and CEOs. 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. Im thankful for my experience on the show and excited for the many adventures to come., "Our thanks to Jim and Lane for their commitment to Canadian entrepreneurs, added Dettman. His client list includes such domestic and foreign giants as Goldcorp, Scotiabank, Xstrata and CVRD (now Vale). BlackNorth . Can you believe it? His company, Kingsdale Advisors, has a yearly revenue of $35 Million. He also later established QM Environmental, an environmental remediation firm.In 2020 he launched the BlackNorth Initiative, an organization which works to combat racism in business.He joined Dragons' Den in 2021 for the show's 16th season. biogen senior engineer ii salary. 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. 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. Over the past two years, Rona Inc., Telus Corp., BlackBerry and Ceres Global Ag Corp. (See "The miser's guide to activist investing," at right) have all come under fire. In the first episode of a groundbreaking series that explores the journeys of BIPOC visionaries in Canada, the entrepreneur sits down with iconic Canadian rapper Kardinal Offishall for a frank and. There is no information about his salary through any sources. "Our goal is to be number one," he says. Wes Hall (businessman) Books only: No Bootstraps When You're Barefoot: My Rise from a Jamaican Plantation Shack to the Boardrooms of Bay Street, Wes Hall (businessman) Education: George Brown College - Casa Loma Campus - C Building. And shareholder activism was heating up in Canada, particularly in the mining sector. On one wall of his office is a "Hall of Fame," with nine framed congratulatory letters from big clients. 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. Follow us on Twitter: @globebusinessOpens in a new window, Checking box will enable automatic data updates. He is the Founder and Chairman of The Canadian Council of Business Leaders Against Anti-Black Systemic Racism and The BlackNorth Initiative, committed to the removal of anti-Black systemic barriers negatively affecting the lives of Black Canadians. 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. In June 2020, Wes founded the BlackNorth Initiative. Wes Hall is also a self-proclaimed philanthropist with $5,021 in his foundation as of 2020. It lost the vote, but only because Front Street voted its shares in favour of its own management agreement. And, really, that tin shack is what drives me, the executive chairman and founder of Kingsdale Advisors of Toronto told WP while vacationing in Italy. But he offers some examples of fees. But Ackman says that CP didn't follow through with other changes it had promised. After repeated attempts to confront the board through letters, calls and even an in-person visit to company executives, Vanasek and Noone figured they had no choice but to fight: The fact that VN, one of Ceres's largest shareholders, was being completely ignoredwhen all they were asking were perfectly legitimate shareholder questionsflew in the face of good corporate governance for a public company. Hall was put in charge of business development and sales. At too many companies, solidly entrenched boards and CEOs still use what Ackman calls "Stalinesque voting rules" to run unopposed at annual shareholders' meetings. ", WINOctavian vs. EnerCare (April, 2012) Acting for EnerCare"The company was behind the vote by 25 per cent. . Causa.Honorary Doctorate , Doctor of Laws, JD Hon. The activist wanted to replace several company directors; the new board would then certainly fire its top managers. But I always like to look on the bright side of things. When he was eventually reunited with his mother, she beat him nearly every day, once bloodying his head to the point he needed medical attention. Wes Hall is certainly a departure from the traditional Upper Canada College-bred Bay Street executive. 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. 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. This is just a sample: We still offer a free subscription tier (aka Blind Squirrels). Rosenstein's outburst capped a 10-month push for reform at Agrium. Im excited to join Dragons Den and sit alongside some of our countrys biggest and brightest business minds, said Hall. Summary. 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. standing at 6 feet 3 inches tall. To the viewers of the show, I cant thank you enough for your support and kindness over the years., From building a safe digital world in Club Penguin to capturing their learning with FreshGrade, my ventures have always been inspired by my kids, said Merrifield. You support us by using our links to buy products, it will cost you nothing extra. He went to school barefoot and got made fun of for being the poor kid even in a place where everyone was poor. You just do it because nothing is worse than that environment.. There is also still a palpable suspicion of Americans. Born: May 08, 1969, Golden Grove, Saint Thomas, Jamaica. Success! 2023 BlackEntrepreneurProfile.com. Hes also the founder and executive chairman of both the Black North Initiative, which is challenging Canadian businesses to set data-driven diversity targets and dismantle racism, and Canadian Council of Business Leaders Against Anti-Black Systemic Racism. 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. But just because something is a stereotype doesnt mean it cant be true, you know what I mean? As a first step, CIBC CEO Victor Dodig must disclose why hes no longer co-chair of BlackNorth. 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. ", THE MISER'S GUIDE TO ACTIVIST INVESTINGYou could spend millions of dollars putting together a takeover dream teamor you could bootstrap it, like VN Capital did with its 2013 run at Ceres Global Ag. https://t.co/7flGmcKrx3 Indeed, although Hall's most stunning victory was the Ackman-led revolt at Canadian Pacific Railway in 2012, he says about nine-tenths of his business is defending companies. 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. This will cause accidents. "Wes brings fresh perspective to the Den as well as an unwavering commitment to create more opportunities for emerging and BIPOC entrepreneurs, which is sure to lead to some innovative deals in the Den this season.". After 15 seasons and an incredible history of betting on winners, Treliving plans to focus on his role as Chairman of Boston Pizza International, in addition to remaining active with his other commitments as a business advisor, investor, entrepreneur and dedicated philanthropist. "It's a new game of social arbitrage, where we don't care about offending people," says Roy Katzovicz, Ackman's partner and the firm's chief legal officer. ", When asked if he will return to invest in Canada after losing one of the few times in his 25-year career, Rosenstein thinks for a few seconds, then responds: "To be honest, I would think long and hard about coming back to Canada, because of the experience we had. 2022 Canadian Business Leader of the Year. Vanasek and Noone never considered themselves activists. Like who? "Its all in the body language. police officer relieved of duty. 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. But barriers don't scare activists. Photo by Peter J. Thompson/National Post Wes Hall wears expensive suits, drives a fancy sports car, collects art and lives in a yellow-brick mansion in Toronto's exclusive Rosedale neighbourhood. Causa.. Institute of Corporate Directors, Rotman School of Management, University of Toronto. Talking about the net worth of Wes brown it's around 10million pounds as of 2022. Jimmy Connacher is suing Caldwell Securities over Bridging Finance. Get notification with the latest net worth updates for free. But the contrast between CP and CN, and between Green and the direct, folksy Harrison who had many fans among Canadian and U.S. money managers was just too glaring. 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. So when the self-proclaimed King of Bay Street writes a book denouncing systemic racism and a "system designed to hold Black people down", I was duty-bound to investigate. 0; Hall says that he set up more than 50 of those meetings over the next four months. They now want to rein in some of the tactics. Their bill for the whole activist affair? In VN's words, Front Street (whose management contract with Ceres was worth almost $3-million a year) was "extracting capital out of [Ceres], doing nothing at best, maybe destroying value at worst.". Salary 2020. Having been the point man in so many big deals and uprisings, Hall is now respected on Bay Street, but certainly not universally liked. So far, activist investors on both sides of the border still appear to be more inspired by Ackman's CP victory than Rosenstein's Agrium defeat. Meanwhile, CP's board "imagined a feedback loop" of fellow Canadians that didn't exist, says Katzovicz. 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. I got to do something about it because I do have a platform. Copyright 1996-2023 KM Business Information Canada Ltd. Stenner Wealth Partners+' successful client-focused strategy, Global Investment Returns yearbook proves stocks are no inflation hedge, Former rep banned for life after misappropriating millions of dollars. Reporters compared it to an evangelical revival meeting. Under Canadian securities law, those commissions are legal (although more common in M&A transactions), but Jana did not pay them. Hall, who is one of North Americas most influential power brokers, founded Kingsdale Advisors 18 years ago, at the age of 34. This past weekend, Christine pointed the plaque out to me, and we read it for the first time in over a decade of living in this neighbourhood. Wes Hall's Net Worth: $1-5 Million Age, Height & Body Measurements Wes Hall is currently age 81 years old. Articles by Wes Hall on Muck Rack. Of his office is a snapshot of the tin shack in Golden Grove, Saint Thomas, Jamaica 's to... Rein in some of our countrys biggest and brightest business minds, said Hall was in..., the Black Academy, and Emma Watson have a reported combined net of... The toughest battles I have been involved in philanthropist with $ 5,021 in his as... 'S former executive vice-president, now works at rival CST Phoenix Advisors, and Pathways to.! 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