Hall says that Rosenstein and other U.S. activists find Canadians frustratingly polite and hard to read. Overview. Please complete the form below and click on subscribe for daily newsletters from Wealth Professional. Check your email for magic link to sign-in. Founder and Executive Chairman of Kingsdale Advisors, Wes Hall, is creating an opportunity for Ryerson students of Caribbean descent to get their foot in the Social Entrepreneurship door. 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. In addition to his business accomplishments, he is a Dragon on that popular show and is on the board of TIFF, one of the most glamorous thing we have. Reporters compared it to an evangelical revival meeting. We assume Mr. Hall owns at least 51% of each of his companies. 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. 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. Wes Hall is an established innovator, entrepreneur, and philanthropist. He decided to risk his financial security and . Net Worth 2023 is. 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. Follow us on Twitter: @globebusinessOpens in a new window, Checking box will enable automatic data updates. "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." Over the past five years, Hall has become one of the most influential power brokers on Bay Street. In 2020, Wes wrote an oped in the Globe decrying anti-Black racism, which eventually led him to found the BlackNorth Initiative. 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. We tend to attack those a little like us we are our worst critics, after all. 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%. 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. Some information may no longer be current. Dragon: Net Worth: 1. Ackman complains that the lower threshold would also limit the number of Canadian companies he and other U.S. activists would approach. among the "50 most influential Torontonians in 2020," by Toronto Life magazine; ranked him number 16 on their 2021 Power List of the "50 most powerful people in Canada" by Maclean's magazine . His results have been spectacularly hit and miss. Unlike the superstar Jamaican sprinter, whose personal website bills him as "the most naturally gifted athlete the world has ever seen," Hall has lost recently in a battle almost as defining as the CP uprising. Most recently, Hall made headlines when he founded The BlackNorth Initiative, which he believes can end anti-Black systemic racism by using a business-first mindset to create more opportunities for Blacks and all of those in the BIPOC community across Canada. Just know he is living well. "Our goal is to be number one," he says. Police suspected drug ties. I was honoured to see the cover proudly displayed on this iconic bookstore's shelves and humbled to learn about our community's deep history in the Annex neighbourhood of Toronto. For historical image resources, please contact the CBC Image Research Library, which has an extensive archive of still photography dating back to the 1950's. But if I wanted a feel-good Jamaican-Canadian story, I would have re-watched Cool Runnings. Vice President, National Sales, Georgeson Shareholder Communications Canada, Inc. Assistant Corporate Secretary, CanWest Global Communications Corp. His client list includes such domestic and foreign giants as Goldcorp, Scotiabank, Xstrata and CVRD (now Vale). This post is based on a their Kingsdale memorandum. What is the Net Worth of Wes Hall ? 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. One of my favourite movies is the Pursuit of Happiness, where Will Smith portrays a man down on his luck launching a career as a financial advisor. "I was never invited into the boardroom, so I had to create my own. Hall was put in charge of business development and sales. 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. Wes Welker was born in Oklahoma City. At sixteen, Wes came to Canada, sponsored by a father he'd only seen a few times as a child, and by the time he was eighteen, he was out of his father's house, once more on his own. 2020-2021. Dianne Buckner hosts. "I think we're going through an inflection point in Canada," he says. . (Cleghorn declined to be interviewed for this story. 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.. As Canadas trusted news source, we offer a uniquely Canadian perspective on news, current affairs and world affairs. 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. Hall also maintained focus and discipline in his personal life. "I don't think our business is going to be regulated," he says. Our daily newsletter is FREE and keeps you up-to-date with the world of wealth. To further explore Kingsdale's The New Abnormal: How 2020 Has Changed the Future of Corporate Governance, Kingsdale will host a virtual presentation on Thursday, October 1, 2020, at 12pm EST to . 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. I marvel at what he could have accomplished in a country that wasnt beset with white supremacy. Like other activists, Ackman views himself as a crusader against the bad old model of North American corporate capitalism. VN's mission: to make up to 12 investments in small-cap companies that, in Vanasek's words, "don't need a PhD level of knowledge" in other words, only businesses they understand. 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. 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. Yet, if you sit down with him for an hour or so in his office, it's easy to see why he's become a catalyst for shareholder activism. Rosenstein and Jana chief legal officer Charles Penner outlined their two major frustrations with Agrium: legal and procedural tactics that they felt were questionable, and the insular attitude that Canadians have to foreign investors who just want to help them get better returns. 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. Wes Hall founded Kingsdale Advisors and built it into one of Canada's leading shareholder services and advisory firms. Undisclosed. He earned the money being a professional Cricket Player. ), 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. Wes Hall is an established innovator, entrepreneur, and philanthropist. . The sold-out event featured a West African drummer, Black and Ukrainian artists, and a keynote address by Wes Hall, Chairman and Founder, Kingsdale Advisors, Founder of the BlackNorth . 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. This fight for freedom 200 years ago is still relevant today as we battle the shackles of systemic racism against BIPOC individuals. Petro Canadas $19 billion merger with Suncor Energy. It was his other half-brother, Ian Scottberth, who had been found in a dumpster, wrapped in plastic. Starting with menial jobs such as dishwasher and security guard, he finds his niche in proxy solicitation (ie shareholder votes) and reinvents that game. But its not that I want people to think highly of me or pat me on the back. It's actually a myth about how to make money on Facebook Wesley J. Executive Chairman & Founder at Kingsdale Advisors . Member Board Of Directors, SickKids Foundation. In an SEC filing in mid-October, Pershing Square said it held 12.2 per cent of CP's shares, and that it planned to talk with executives about "the business, management, operations, assets, capitalization, financial condition, governance, strategy and future plans of the issuer.". Please only use it for a guidance and Wes Hall (businessman)'s actual income may vary a lot from the dollar amount shown above. 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. 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. He says that we can't just give lip service anymore. The BlackNorth Initiative is committed to increasing the representation of Blacks in the boardrooms and executive suites across Canada. 0; He has established himself as the preeminent leader in shareholder advisory services and contested investor situations. He was raised by his maternal grandmother with four of his half-siblings and three cousins. Hall says it was actually an attempt to make performance, not personality, the issue. This is how you do a Horatio Alger story! wes hall net worth 2020 June 5, 2022 5:15 pm nahl combine 2022 dates nahl combine 2022 dates Wes Hall's Net Worth: $1-5 Million Age, Height & Body Measurements Wes Hall is currently age 81 years old. Wes Hall's advice to the CEO was direct: "I think you should resign." 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. In November, he flew to Montreal to meet with them and, as he has done with other targets in the past, gave them a thick book detailing changes he would like to see at the company. Whats she doing hoarding a big old home in Rosedale, when she should be in Florida zooming around in a golf cart? "We went down to as little as 100,000 shares," he says. Hall attributes his success to a series of small steps, where he achieved different levels of success. She wasnt resentful. The Coordinator, Residence Support will assist the Residence Managers and act as the first point of contact for programming and student engagement within the residence community at Huron. Brentyn wants to be as handsome as his dad one day but hes got big shoes to fill. Once a Dragon, always a Dragon - and while we will miss them in the Den, we look forward to seeing what they do next.". 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. Articles by Wes Hall on Muck Rack. Deeply rooted in communities, CBC/Radio-Canada offers diverse content in English, French and eight Indigenous languages. Is he placing CIBC above the interests of Black people? 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. After being educated as a law clerk at George Brown College, he worked in the legal division of CanWest until founding Kingsdale Advisors, a shareholder services and business consultancy, in 2002. 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. 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