Hall's phone number was found in his pocket. Eat your heart out, Miles Nadal! He's an intriguing mix of dapper corporate formality and street smarts, and he knows how to seize an opportunity. 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. "We went down to as little as 100,000 shares," he says. But just because something is a stereotype doesnt mean it cant be true, you know what I mean? Wes Hall Wiki, Career, Relationship, Nationality, Ethnicity. If youre constantly being let down by them or displeased with them, maybe its time to look inward and wonder if youre doing the same to others. At the meeting, the management's entire slate won by a narrow margin, triggering Rosenstein's outburst. Undisclosed. . Wes Hall is also a self-proclaimed philanthropist with $5,021 in his foundation as of 2020. 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. 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. 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. Meet our Board Directors Wes Hall Executive Chairman & Founder Kingsdale Advisors Prem Watsa Chairman & Chief Executive Officer Fairfax Financial Holdings Limited Dr. Upton Allen Professor of Paediatrics & Directors Read More 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. The chief executive's company was facing a showdown with an activist investor at a shareholders' meeting in just a few days. As a life-long entrepreneur, I know first-hand how much drive and dedication it takes to build a business, especially as a Black person in Canada. The city of Toronto is filled with so many iconic spots representing resiliency and bravery that I'm amazed by what I uncover. The activist wanted to replace several company directors; the new board would then certainly fire its top managers. She wasnt resentful. Causa.. Institute of Corporate Directors, Rotman School of Management, University of Toronto. Chairman and Founder, The BlackNorth Initiative. 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. In 1992, he married his wife, Christine. Executive Chairman and Founder, WeShall Investments Inc. WeShall Investments Inc. is a Private Equity Company with ownership of investments in firms located in Canada, the US and the Caribbean in the following industries: Shareholder Advisory, Governance Advisory, Environmental Remediation, Equipment and Parts manufacturing and supply for Oil and Gas Industry, Automated Self-Service Convenience Stores, Ice Cream manufacturing and supply, Bottled Vitamin Water manufacturing and supply, and Executive Recruitment. Canada's first Black Dragon @cbcdragonFounder/Chairman @kingsdaleadvisors @blacknorthca2022 Canadian Business Leader of the Year . I see all these different things and go, its not right. He grew up with his 14 siblings in a tin shack under. ", WINScion Capital vs. Bolivar Gold (January, 2006) Acting for Bolivar Gold "The hedge fund tried to kill a plan of arrangement requiring 62.6 per cent of the vote. Hall was put in charge of business development and sales. Filing cabinets jammed with papers provide the only decor. Pershing Square Capital Managements campaign to replace the board of Canadian Pacific Railway. He has established himself as the preeminent leader in shareholder advisory services and contested investor situations. (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. Underlining all that is someone who cares about kids and is deeply committed to diversity, equity, and inclusion. Success! . Hall says it was actually an attempt to make performance, not personality, the issue. Famous musicians, Hollywood stars, politicians and athletes came for the food and vibe. police officer relieved of duty. Meanwhile, CP's board "imagined a feedback loop" of fellow Canadians that didn't exist, says Katzovicz. Then they invested in Ceres Global. 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. Vanasek and Noone were frustrated by the time and effort it took, but satisfied with the outcome. Whether Hall is playing offence or defence, however, he often has to be the bad cop. Wes is one of the most popular faces of 'The Challenge' because of his manipulative strategies and gaming spirit. And, yeah, there could be failures that come with that. It had been lagging rival Canadian National Railway by just about every measure for years. Vanasek and Noone never considered themselves activists. Kingsdale designed a punchy brochure for Ackman, with a slick cover photo of a train travelling through the Rockies, titled "CP Rising." In 1985, at age 16, Hall moved to Toronto to live with his father, a factory worker. Hall says he told Ackman to be careful, because CP was a historic Canadian company with a well-connected board. 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.". CB Rank (Person) 549,658. Skip to main content Management Information Circular 2022 - French About Us Who We Are Posts. After graduating in 1988, Hall worked as a junior mailroom clerk at the tony legal firm, Strikeman Elliot, and used the staff education allowance to study law and finance and earn a law clerks certificate. 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. But I always like to look on the bright side of things. 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. Vice President, National Sales, Georgeson Shareholder Communications Canada, Inc. Assistant Corporate Secretary, CanWest Global Communications Corp. Continuous Play: ON OFF Fri Feb 03 Sat Feb 04 Sun Feb 05 Mon Feb 06 Tue Feb 07 Wed Feb 08 Who https://t.co/f5rsP3D5rh, Christine and I go for a leisurely stroll every weekend. "You can't expect to recommend 100 changes and have all of them accepted," he says. 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. This article was published more than 9 years ago. Talking about the net worth of Wes brown it's around 10million pounds as of 2022. My man's got a steady diet. 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. I got to do something about it because I do have a platform. Articles by Wes Hall on Muck Rack. "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.". Will cause accidents. Cest comme a que je taime (Happily Married), THE NO-GOOD, TERRIBLY KIND, WONDERFUL LIVES AND TRAGIC DEATHS OF BARRY AND HONEY SHERMAN. "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. . If you look at where I started, and where I am today, I dont know what impossibility is because, really, this journey should have been impossible.. 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. Their overhead costs consist of rent and a Bloomberg terminal in total, about $70,000 a year. He made a big deal when he joined in 2020, but hes already gone. "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.". Management was going to lose. This is just a sample: We still offer a free subscription tier (aka Blind Squirrels). He says that we can't just give lip service anymore. At too many companies, solidly entrenched boards and CEOs still use what Ackman calls "Stalinesque voting rules" to run unopposed at annual shareholders' meetings. https://t.co/56caNWTzw6, @cityoftoronto this is really dumb what you just did at Avenue and Roxborough West. Hall is a Canadian businessman and entrepreneur, best known as a "Dragon" investor in the Canadian edition of the reality television series Dragons' Den.Born and raised in Saint Thomas, Jamaica, Hall moved to Toronto, Ontario as a teenager. The couple have five children, aged 3 to 18. I see something that needs to be done, and I always step in and try to figure it out. He is from United States. Executive Chairman and Founder, Kingsdale Advisors. To say that old people are racist is itself a stereotype. 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. Hall, who is one of North America's most influential power brokers, founded Kingsdale Advisors 18 years ago, at the age of 34. 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. From one of Canada's most successful business leaders, the founder of the BlackNorth Initiative and the newest and first Black Dragon in the Dragon's Den comes a rags-to-riches story that also carries a profound message of hope and change. Tune in this Th https://t.co/9LnqpCxjPN, RT @CdnChamberofCom: Congratulations to our Canadian Business Leader of the Year @kingofbaystreet! Hall also sponsored his mother and four of his siblings as immigrants, and paid their way to Canada. ", 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. Income, Cars, Lifestyles & much more details has been updated below. KLUTCH Sports represents some of the biggest athletes across major, Denise Umubyeyi is Co-founder and COO Five to Nine, LLC, a provider of an enterprise software as a service platform that helps companies manage and, Amber Mayfield is the founder & CEO of To Be Hosted & While Entertaining Magazine. And shareholder activism was heating up in Canada, particularly in the mining sector. You know, life is too short.". Hes CBC Dragons Dens first Black dragon. Having been the point man in so many big deals and uprisings, Hall is now respected on Bay Street, but certainly not universally liked. There is no information about his salary through any sources. Hall joins Arlene Dickinson, Michele Romanow, Manjit Minhas and Vincenzo Guzzo, as beloved longtime Dragon Jim Treliving and virtual game changer Lane Merrifield depart the Den. 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. Lowering the threshold to 5 per cent doesn't leave too many firms in Canada to invest in," he says. He charges three times what everybody else charges on his reputation." 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. Two younger half-brothers didn't adapt as well as he had, however. Hall says that Rosenstein and other U.S. activists find Canadians frustratingly polite and hard to read. My eldest, Darian, has a heart of gold. Over the past five years, Hall has become one of the most influential power brokers on Bay Street. 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. 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. Its the no. We then calculated the value of his companies based on annual revenue with a 5x multiple. Check the people you hang around with its like looking in the mirror. ", WINOctavian vs. EnerCare (April, 2012) Acting for EnerCare"The company was behind the vote by 25 per cent. Jimmy Connacher is suing Caldwell Securities over Bridging Finance. 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. 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. Cleghorn argued that Green was working on a multiyear turnaround strategy, and that Ackman really had no plan. Halls an active board member of the SickKids Foundation, The Black Academy, and Pathways to Education. Cleghorn and the board had clearly misjudged the new realities of 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. 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. In other words, take this net worth with a grain of salt. 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. biogen senior engineer ii salary. Like other activists, Ackman views himself as a crusader against the bad old model of North American corporate capitalism. Full Name: Wesley J. Most recently, Hall joined Season 16 of CBC's Dragons Den TV Show as a 'Dragon' investor. 2020-2021. Starting with menial jobs such as dishwasher and security guard, he finds his niche in proxy solicitation (ie shareholder votes) and reinvents that game. 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