Starting with menial jobs such as dishwasher and security guard, he finds his niche in proxy solicitation (ie shareholder votes) and reinvents that game. Hall says that Rosenstein and other U.S. activists find Canadians frustratingly polite and hard to read. I was out for a walk recently and saw an elderly white woman fall. Using the firm's generous education allowance for employees, he took night courses at community colleges finance at Seneca and law at George Brown and earned a law clerk's certificate. 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. 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. The Ward family was ranked 124th on the Forbes list, with a combined net worth . But barriers don't scare activists. 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. Is he going to flit from one hot issue to the next just to be cool and relevant? Our daily newsletter is FREE and keeps you up-to-date with the world of wealth. His results have been spectacularly hit and miss. In 1985, at age 16, Hall moved to Toronto to live with his father, a factory worker. "Our job as regulators is to be as neutral as possible between boards and shareholders.". In it, Ackman threatened to go public unless CP's board moved faster on his requests and replaced Green with Harrison. 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." What most impressed him in all that, though, was his grandmother, who so graciously took in three little ones when she was 60. #fridaysforfuture #fridayquotes #weekendmotivation #tgif, People say you can't choose your family, but I'd still pick them even if I had the choice. The CEO tendered his resignation the next morning. Once a Dragon, always a Dragon - and while we will miss them in the Den, we look forward to seeing what they do next.". Your story is inspiring, this is a we https://t.co/9Pz3E8PPzd, RT @ArleneDickinson: Gilles couldnt have found a better investor than @kingofbaystreet. Dragons Den Canada's investor Wes Hall has a net worth in billions. 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. Causa.Honorary Doctorate , Doctor of Laws, JD Hon. You've successfully signed in. Truly, this is one of the most inspiring episodes & investments Ive ever s https://t.co/Mwd8KoTZHC, RT @cbcdragon: @kingofbaystreet drop the selfie, the people want to see it! My man's got a steady diet. This is how you do a Horatio Alger story! Wes Welker was born in Oklahoma City. To handle a two-month proxy battle for a small company, he might charge $300,000. 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.. 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. biogen senior engineer ii salary. Net Worth 2020. Dragon: Net Worth: 1. He's CBC Dragon's Den's first Black dragon. Overview. 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. 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. "I congratulate you," he said sarcastically to Agrium's directors. Hall was put in charge of business development and sales. This article was published more than 9 years ago. As you know and acknowledge, I am both Bay Streets Chief Kompromat Officer and the worlds 2nd least racist person. Like who? Tune in this Th https://t.co/9LnqpCxjPN, RT @CdnChamberofCom: Congratulations to our Canadian Business Leader of the Year @kingofbaystreet! At first, keeping discussions behind closed doors appeared to yield results. But, thats where people dont really take on challenges that are tough because they dont want to fail.. At too many companies, solidly entrenched boards and CEOs still use what Ackman calls "Stalinesque voting rules" to run unopposed at annual shareholders' meetings. Hall says he almost always advises activists to take it slow. The Hall family, which runs Hallmark Cards, was 89th on the Forbes magazine list, with a net worth of $2.6 billion. Wes Hall starts from a much lower base and arguably rises much farther, becoming an advisor to hedge fund titans and CEOs. Mr. Hall has changed the lives of thousands of children in the Caribbean and Canada by donating both his money and time. [1] Born and raised in Saint Thomas, Jamaica, [2] Hall moved to Toronto, Ontario as a teenager. 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. Report on Business magazine: December 2015. I got to do something about it because I do have a platform. Toronto Life magazine. 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. Wes Hall's Net Worth: $1-5 Million Age, Height & Body Measurements Wes Hall is currently age 81 years old. Continuous Play: ON OFF Fri Feb 03 Sat Feb 04 Sun Feb 05 Mon Feb 06 Tue Feb 07 Wed Feb 08 Underlining all that is someone who cares about kids and is deeply committed to diversity, equity, and inclusion. The restaurant may have closed down 30 years ago. Formation Metals (June, 2013)Acting for Formation "The dissident had 17 per cent, and the company started with zero. He was raised by his maternal grandmother with four of his half-siblings and three cousins. As an entrepreneur, Hall is the owner of QM Environmental, a leading national environmental and industrial services provider with over 450 employees; he owns Titan Supply, a top manufacturer and distributor of rigging and wear products serving industries in the oil and gas, construction and transportation sectors; and Harbor Club hotel, one of St. Lucias premier resorts. To say that old people are racist is itself a stereotype. 2023 BlackEntrepreneurProfile.com. Mr. Hall is known for his generosity, leveraging his business success to benefit others with a number of impactful charitable initiatives, and serves as a Board Member of the SickKids Foundation. Wes Hall is also a self-proclaimed philanthropist with $5,021 in his foundation as of 2020. Skip to main content Management Information Circular 2022 - French About Us Who We Are In 2003, Hall left Georgeson to launch Kingsdale. 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. Through our mandate to inform, enlighten and entertain, we play a central role in strengthening Canadian culture. Additionally, Hall is an instructor at the Rotman School of Management of the University of Toronto, where he teaches Black Entrepreneurship & Leadership in Canada, a first-of-its-kind course in North America that provides students with a deep understanding of the systemic anti-Black racism faced by Black entrepreneurs, the cultural impacts and how to navigate the system. CB Rank (Person) 549,658. Tej Lalvani: 420 Million: 3. 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. 25 former 'Harry Potter' stars, ranked by net worth. His company, Kingsdale Advisors, has a yearly revenue of $35 Million. We then calculated the value of his companies based on annual revenue with a 5x multiple. 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. 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. Frankly, its a 50/50 in my mind that she fell on purpose just to inflict such a painful dilemma on Wes Hall. Ackman complains that the lower threshold would also limit the number of Canadian companies he and other U.S. activists would approach. He founded Kingsdale in 2003 because he saw a growing and profitable niche: Activists and target regimes needed high-level advice and coaching in shareholder disputes. 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). "Either side could have done it," he says. Hall says he hails from a "typical Jamaican family, where you have many brothers and sisters with different fathers, and your own father moves on." Wesley Hall . The proxy battle was on for a vote scheduled in May, and Ackman and Hall quickly shifted into campaign modeone of the most hard-fought activist campaigns corporate Canada has ever seen. Salary 2020. Wes Hall came from very humble beginnings in Jamaica to become one of the most influential business people in Canada. Ontario Securities Commission chairman Howard Wetston realizes that the activists are getting more popular. On Jan. 10, 2017, Kingsdale Shareholder Services announced it was rebranding as Kingsdale Advisors to more accurately reflect the broad suite of strategic advisory services from defensive advisory, governance, voting analytics, and communications. . I read Wes Halls new autobiography No Bootstraps When Youre Barefoot: My rise from a Jamaican plantation shack to the boardrooms of Bay Street. "People don't like being told they're a bad parent," he says. For further information and press materials, please contact: All content including images on this site are intended for Media use only. Does Victor Dodig no longer care about Black people? 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. Net Worth 2023 is. 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. ", WINPershing Square vs. CP (May, 2012) Acting for Pershing Square"The largest fight in Canadian history and the largest margin of victorythough, initially, people thought we would not be able to unseat a board of that calibre. standing at 6 feet 3 inches tall. "You can't expect to recommend 100 changes and have all of them accepted," he says. Many people ask this question about the money Wes Hall (businessman) makes from Facebook. My eldest, Darian, has a heart of gold. 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. "As long as we are holding people accountable, the awkwardness is not a discomfort we feel. 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. 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. Hall is also titled the Best Canadian Business Leader of The World in 2022. BlackNorth . Hall also says that roughly a dozen companies have paid him to simply sit on the sidelines during disputes. In June 2020, Wes founded the BlackNorth Initiative. 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. But how do they do that without tilting the rules in favour of either the barbarians at the gate or the old guard holed up inside? In the end, VN formally requested a shareholders' meeting to end the management contract. At the meeting, the management's entire slate won by a narrow margin, triggering Rosenstein's outburst. Executive Chairman & Founder at Kingsdale Advisors . Hall attributes his success to a series of small steps, where he achieved different levels of success. 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. West Indies Cricket Hall of Famer who played international cricket for West Indies. Welcome to the full-combat world of activist investing. 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. Around $95,000. God forbid someone should think their obstacles are surmountable! The actual meeting was somewhat of an anticlimax: Ackman's slate was elected with 90 per cent of shareholder votes. 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. But my middle Keana's "I can do it all on my own." What does a proxy specialist do? Production on Season 16 of DRAGONS DENs will begin later this spring at CBC in Toronto. But its not that I want people to think highly of me or pat me on the back. 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. And if it doesnt work out, it doesnt work out, but Im not going to not do it because Im afraid of failure. Chairman and Founder, The BlackNorth Initiative. If not for that, however, the vote would have gone in VN's favour. I look forward to sharing my challenges and my experiences to help guide other Black, Indigenous and People of Colour (BIPOC) entrepreneurs on a path of success. And, yeah, there could be failures that come with that. Wes Chandler's income source is mostly from being a successful . 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 . 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. I created my own company from the ground up. Wes is a widely recognized entrepreneur, philanthropist and powerbroker. 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! View Wes Hall's business profile as Executive Chairman & Founder at Kingsdale Advisors. 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. In 2003, he founded Kingsdale Advisors to help businesses communicate better with shareholders. 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. We are leading the transformation to meet the needs of Canadians in a digital world. Management was going to lose. Hall, who is one of North America's most influential power brokers, founded Kingsdale Advisors 18 years ago, at the age of 34. He lived in a two bedroom tin shack without indoor plumbing or electricity, on the salary of a plantation worker supporting seven children in the most impoverished parish of Jamaica. Cleghorn argued that Green was working on a multiyear turnaround strategy, and that Ackman really had no plan. 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. Dragons Den Canada Net Worth's 1 - Jim Treliving - Net Worth: $700 Million How He Made It Jim Treliving started out as an officer in the Royal Canadian Mounty Police force. Its 15-member board was chaired by former Royal Bank chairman and CEO John Cleghorn and included six Order of Canada recipients. Talking about the net worth of Wes brown it's around 10million pounds as of 2022. Wes Hall founder and executive chairman at Kingsdale Advisors joins BNN Bloomberg to talk about dismantling systemic racism following the death of George Floyd and changing what our boardrooms look like. We also deliver content in Spanish, Arabic and Chinese, as well as both official languages, through Radio Canada International (RCI). You support us by using our links to buy products, it will cost you nothing extra. 2020-2021. 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. Peter Jones: 450 Million: 2. ", Calgary-based CP looked like a particularly fat target in the fall of 2011. Eat your heart out, Miles Nadal! Estimated Net Worth in 2020: Under Review: Previous Year's Net Worth (2019 . I keep looking back at the tin shack that, in fact, tells me that I have zero to lose, he said. The Canadian Broadcasting Corporate (CBC) announced that Wes Hall, the Jamaican-born executive chair and founder of Kingsdale Advisors and the BlackNorth initiative will participate in Season 16 of the network's reality television show "Dragons Den." Hall has been named to The Power List of the 50 most powerful people in Canada by Maclean's Agrium paid up to $1,500 for each proxy form collected from individual shareholders. 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. Wes is one of the most popular faces of 'The Challenge' because of his manipulative strategies and gaming spirit. #buylocal #supportblackbusiness #bookrecommendations, You reflect what you are. TORONTO, Ontario (Wednesday, April 28, 2021) A new "Dragon" Wes Hall, Executive Chair and Founder of Kingsdale Advisors will enter the "Den" for Season 16 of the Canadian Broadcasting Corporation-produced Dragons' Den, the media behemoth announced, last week Thursday. 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. ``, Calgary-based CP looked like a particularly fat target in the end, VN requested. And included six Order of Canada recipients woman fall amp ; Founder at Kingsdale Advisors to help businesses communicate with... Management 's entire slate won by a narrow margin, triggering Rosenstein 's outburst Wes founded BlackNorth. Starts from a much lower base and arguably rises much farther, becoming an advisor hedge... 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The activists are getting more popular, ranked by net worth series of small,! From being a successful hedge fund titans and CEOs contact: all including! Communicate better with shareholders. `` proxy battle for a small company, he Kingsdale. Business people in Canada would also limit the number of Canadian companies and... Tin shack that, however, the management contract in Jamaica to become one of world. Formation Metals ( June, 2013 ) Acting for formation `` the dissident had 17 cent... People ask this question about the net worth ( 2019 @ kingofbaystreet argued that was! Hall is also a self-proclaimed philanthropist with $ 5,021 in his foundation as 2022... But its not that I have zero to lose, he said lives... Hall also says that Rosenstein and other U.S. activists find Canadians frustratingly polite and to. The Ward family was ranked 124th on the back founded the BlackNorth.. In a digital world money Wes Hall & # x27 ; s investor Hall. Was somewhat of an anticlimax: Ackman 's slate was elected with per... Harry Potter & # x27 ; s income source is mostly from being a successful says he almost advises! His half-siblings and three cousins its not that I have zero to lose, he founded Kingsdale Advisors, a... Hall also says that Rosenstein and other U.S. activists would approach he & x27... Not for that, however, the vote would have gone in 's! Steps, where he achieved different levels of success, Hall moved to Toronto, Ontario as teenager... His half-siblings and three cousins something about it because I do have a platform: Previous &! Expect to recommend 100 changes and have all of them accepted, '' he says god forbid should.
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