So, once the meeting was over, the two groups reached a negotiated solutiona fixed management payment with some performance-based upside for Front Street. As Hall did with Ackman in the CP uprising, he accompanied Rosenstein to meetings with the large Canadian institutional shareholders. Influenced by the Black Lives Matter (BLM) movement and a series of social injusticesspecifically the death of George Floyd in police custodyHall had an idea to use his privilege, power, and position to make a social impact. standing at 6 feet 3 inches tall. 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. 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." You know theres a picture that I have of me in front of the tin shack that I grew up in in St. Thomas, me with my grandmother, looking at the tin shack. But Ackman's assaults on Target and bookseller Borders Group have been far shakier investments, and he has accrued large paper losses in a trench war with nutritional products company Herbalife, after taking a $1-billion short position in December, 2012, only to see its stock soar. 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. Whether Hall is playing offence or defence, however, he often has to be the bad cop. Wes is reported to have earned over $298,000 on the show. The chief executive's company was facing a showdown with an activist investor at a shareholders' meeting in just a few days. Once a Dragon, always a Dragon - and while we will miss them in the Den, we look forward to seeing what they do next.". Pershing Square Capital Managements campaign to replace the board of Canadian Pacific Railway. The TIFF CEO is also Black. 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. (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. Any shareholder with more than 5 per cent of a company's shares can call for a special meeting. The Hall family, which runs Hallmark Cards, was 89th on the Forbes magazine list, with a net worth of $2.6 billion. "My client decided not to do so. Posted by Amy Freedman, Wes Hall, and Ian Robertson, Kingsdale Advisors, on . He began his fortune by purchasing a franchise of Boston Pizza. Dragons Den Canada's investor Wes Hall has a net worth in billions. Now Hall and a handful of other top Canadian specialists are like the superstar managers who hatch U.S. presidential campaigns. 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. Tej Lalvani: 420 Million: 3. Ackman began buying shares in September. He earned the money being a professional Cricket Player. Get notification with the latest net worth updates for free. 0; Wes Hall Wiki, Career, Relationship, Nationality, Ethnicity. 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. Full Name: Wesley J. You've successfully subscribed to OPM WIRE. He admits that Hall fired him over "differences," and adds that turnover at Kingsdale has helped populate decent competition like Phoenix. Report on Business magazine: December 2015. And shareholder activism was heating up in Canada, particularly in the mining sector. 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. Hall lauded those who hired him based on his potential, but then added, its up to me as to whether or not Im going to prove theyre right. He then quoted Richard Branson, who said, if someone give you an amazing opportunity and youre not sure you can do it, say yes, and figure out how to do it later. Hall says it was actually an attempt to make performance, not personality, the issue. Meanwhile, CP's board "imagined a feedback loop" of fellow Canadians that didn't exist, says Katzovicz. 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. He is the founder of Kingsdale Advisors, which is a power broking stakeholder advisory firm covering North America. 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. Its the no. 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. Hall attributes his success to a series of small steps, where he achieved different levels of success. ", DRAWMason Capital vs. Telus (2012)Acting for Mason "One of the toughest battles I have been involved in. But, thats where people dont really take on challenges that are tough because they dont want to fail.. Regulating proxy monitoring services is another possibility. A partner at one of the Street's largest law firms grumbles: "Wes Hall promotes himself really, really well. 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. One of the tactics that bothered Rosenstein and Penner the most was what they call out-and-out "vote buying." 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. She wasnt resentful. There is no information about his salary through any sources. 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. 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. Will cause accidents. He wrote: I live in the Rosedale neighbourhood in Toronto. 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. West Indies Cricket Hall of Famer who played international cricket for West Indies. Mr. Hall has changed the lives of thousands of children in the Caribbean and Canada by donating both his money and time. QM Environmental, a leading national environmental and industrial services provider with over 450 employees. For Wes Hall, the self-styled "King of Bay Street," and the first Black Dragon on CBC's Dragons' Den, the path to success has been hard-won. I marvel at what he could have accomplished in a country that wasnt beset with white supremacy. "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." 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. All right reserved. In 2003, Hall left Georgeson to launch Kingsdale. 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. "We went down to as little as 100,000 shares," he says. Eat your heart out, Miles Nadal! I created my own company from the ground up. 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. police officer relieved of duty. Two younger half-brothers didn't adapt as well as he had, however. Hall says he told Ackman to be careful, because CP was a historic Canadian company with a well-connected board. When you come from that tin shack, youre not risk averse. Ackman complains that the lower threshold would also limit the number of Canadian companies he and other U.S. activists would approach. But the lawyer acknowledges that Hall and his team are the "safe option," because Kingsdale is the biggest and best-known proxy advisory specialist. Wes Hall is an entrepreneur and owner of Kingsdale Advisors, QM Environmental, Titan Supply, and Harbor Club hotel. At least, co-Chair Prem Watsa is soldiering on. Canadian proxy firm Kingsdale's Wes Hall pushes for diversity with new group. Wes Hall, Barbados Cricket Player. 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. After graduating in 1988, Hall found a job as a junior mailroom clerk at Stikeman Elliott, one of Toronto's blue-blood legal firms. It lost the vote, but only because Front Street voted its shares in favour of its own management agreement. 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. 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