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Richest people in Canada 2014 – Canadian Business – Your Source For Business News,

Richest people in Canada 2014

CB s annual ranking of our wealthiest

Nov 26, 2013 CB Staff

Canadian business magazineFor Roy Thomson, it all started with a $500 investment in a northern Ontario radio station during the Great Depression. For Fred DeGasperis, it was a truck he purchased with his brother to do construction jobs around Toronto in the 1950s. For Terry Matthews, it was an ill-fated plan to build hotel fire alarms. The creation myth for each member of the Rich 100 usually begins in the same humble, unassuming manner and ends with the same result: wealth, and a lot of it. And because these people have been at it for decades, they keep getting fabulously, obscenely, gloriously richer.

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Collectively, the individuals on the Rich 100 are worth $230 billion, more than the total gross domestic product of many countries in the world, including New Zealand, Ireland and Portugal. And this year has been one of their best ever. Their combined net worth surged by more than 15%, the biggest increase since 2000. The reward for the wealthy is partly a result of a worldwide market rally—the S P 500 Index rose more than 16%, while the Nasdaq increased 17%. The S P/TSX composite, which is more heavily skewed toward commodities, is up just over 6%. While the actual economies of Canada and the U.S. aren’t faring particularly well, so long as the U.S. Federal Reserve maintains its stimulus program, stock markets will tick higher.

They may not always look like titans of industry (Onex CEO Gerry Schwartz and Indigo CEO Heather Reisman were spotted at one of her stores one recent weekend in decidedly non-business attire—he wore track pants, her hair was pulled back with a red scrunchie), but the individuals on this list are particularly good at ensuring they come out on top.

Canadian business magazine

The retail and grocery sectors in Canada have been under siege from Target and Walmart, and yet retailers and grocers typically enjoyed double-digit increases in their fortunes. The Westons and the Sobeys, for example, took aggressive defensive measures to stay competitive. Loblaw snagged Shoppers Drug Mart, and Sobeys bought Safeway Canada. Investors are loving the strategy and sent shares in both companies soaring higher.

As for the Westons and the Sobeys themselves, their net worths shot up by $2.1 billion and $598 million, respectively—gains of roughly 25%. Dollarama founder Larry Rossy has found himself growing richer ever since the recession, when cashstrapped Canadians flocked to his stores in search of cheap goods. Rossy’s net worth bumped up $143 million—an 11% surge. Convenience-store magnate Alain Bouchard, meanwhile, looked beyond Canada and scooped up a European chain last year, combining it with his company, Alimentation Couche-Tard. Investors rewarded the stock. As a major shareholder, Bouchard’s net worth skyrocketed by 48%—almost $500 million.

Canadian business magazine

Few members actually decreased in net worth. Anyone tied to mining, which is undergoing a global rout, suffered badly, however. Gold bug Eric Sprott was dealt a huge blow, falling 17% (more than $200 million). Silver-tongued mining promoter Robert Friedland dropped 14% ($42 million). Rob McEwen’s mining company is struggling so badly he tumbled off the Rich List entirely.

But overall, it’s been a banner year for the super rich. The cutoff for making the list in 2013 was $728 million, compared to $309.6 million in 1999. In a few years the Rich List will likely consist entirely of billionaires. Increasingly the Rich 100 is becoming a class of its own—sailing farther away not only from most of us, but from most multimillionaires, too. Newcomers don’t appear very often, and when they do, it’s often simply because they have managed to dodge the spotlight until now. That’s the case with this year’s new addition, Vancouver’s Aquilini family, which had consistently flown under the radar until an acrimonious divorce proceeding revealed massive wealth and diverse holdings, spanning real estate and agriculture.

Canadian business magazine

More than a quarter of the list is made up of families like the Aquilinis, and while it may be hard to feel sympathy for the pecadilloes of the rich, it’s worth pointing out that being a member of a dynasty comes with its own set of burdens. Roy Thomson, who built a multi-billion-dollar conglomerate, noted in his autobiography that his son, Ken, and his grandsons would have no choice but to manage the family business. “These Thomson boys are not going to be able to, even if they want to, shrug off these responsibilities,” he wrote. Grandson David, a chairman of the family holding company today, felt the full weight of the Thomson name growing up. “I learned at a very early age that people did not give a shit about me, and when they did, they wanted something,” he said in a 1993 oral history of the private school he attended in Toronto. “Now I am extremely self-sufficient and rather overly aggressive, I suppose.”

Such an insightful comment by David Thomson, or any of the nation’s ultra rich, is rare. They tend to be private individuals. The topic they’re particularly loath to discuss, as any researcher on this project can tell you, is their net worth. We, on the other hand, just can’t get enough.

Rankings

Canadian business magazine

Canadian Business magazine’s Rich 100 list is now in its fifteenth year, but those on our roster have been getting wealthy for much longer.


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Canadian Economy News, Articles – Images, Financial Post, canadian business magazine.#Canadian #business #magazine


Canadian Economy

Canadian business magazine

Tough for fixed income manager to find good news ahead

Inflation is not as mysterious as you think, says Bank of Canada defending target

Which Big 5 Canadian Bank Stock is a Better Buy?

Why JPMorgan thinks you should buy the Canadian dollar now

Somebody forgot to tell employers that Canada’s economy is slowing down

Why is Canada’s job market so hot when the economy is leaving us cold?

Canada s economy blows past expectations with gain of 35,300 jobs

Bank of Canada caution on rates a mistake as debt swells, Dodge warns

Canada’s economy just came back to earth — with a bump

Canada s shrinking economy signals slowdown could be worse than feared

It’s all downhill from here for the Canadian economy — for the next five years, PBO warns

TSX breaks through 16,000 for first time but headwinds remain for Canadian equities

Canadian dollar sheds almost half a cent as chance of rate hike this year fades

Four reasons why the Canadian dollar is going to go down

Canadian business magazine

Little for fiscal, monetary policymakers to do but plan, wait, repeat

Loonie dives after Bank of Canada leaves key rate unchanged

Five things you should know before you start your work day on Oct. 25

Canadian business magazine

Ottawa trims deficit amid rosy economic figures, but analysts warn that growth won t last forever

Retail drop, subdued inflation put Bank of Canada rates on hold

Canada’s inflation is up, but retail sales are down

Big week of data could signal where Canada’s economy — and interest rates — are headed

Canadian business magazine

Business sentiment slips from strong summer high, Bank of Canada survey finds

Canada s indebted households vulnerable to shock, Bank of Canada official warns

Signs of Canada s economic slowdown are no longer just a one-off blip

Canadian business magazine

Pace of home construction, especially condos, slows in Canada

IMF hikes Canada’s growth forecast to lead the G7 this year, No. 2 in 2018

Canadian business magazine

Calgarians are in a foul mood. And that could spell trouble for Naheed Nenshi

Canada gains jobs for 10th month in a row with boost in full-time work

Canada s trade deficit widens as exports tumble

World’s two biggest fund managers say Bank of Canada is done hiking this year

Growth has been strong, but productivity still low, Bank of Canada deputy says

Canadian business magazine

Strong September boosts returns, but outlook remains clouded for investors

The recession hawks are circling as our economic expansion turns 10

Exporters, traders feel dollar pain as Bank of Canada skirts guidance

Canada’s GDP stall shows housing is becoming drag on the economy

Canadian business magazine

Canadians get rich at a faster pace than Americans, gaining 11% more millionaires

Canadian business magazine

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Canadian Media Producers Association, canadian business magazine.#Canadian #business #magazine


TV series Mohawk Girls drives major economic growth in Greater Montreal communities

In advance of the upcoming Mohawk Girls season premiere, the Canadian Media Producers Association (CMPA) has released a study summarizing the impressive economic impact of the hit series over its five seasons. Read more→

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A new study released today by the CMPA quantifies the remarkable economic impact of Canada’s longest-running one-hour drama, Heartland. Read more→

CMPA welcomes Minister Joly’s vision for a Creative Canada

The CMPA welcomed the Creative Canada policy announced by Canadian Heritage Minister Mélanie Joly this afternoon. Read more→

CMPA names new Board of Directors

The CMPA today announced the new Board of Directors for 2017-19 at its Annual General Meeting (AGM), which took place this afternoon in Toronto. At the AGM, Shaftesbury’s Scott Garvie was again elected CMPA Board Chair, a role he first assumed in June 2016. Read more→

Canadian Screenwriters and Producers Extend Agreement

Canadian screenwriters and producers have agreed to extend the current agreement governing English-language screenwriting in Canada. The WGC, CMPA and AQPM announced today that all parties have ratified an eighteen-month extension to the Independent Production Agreement (IPA), which will come into effect Jan. 1, 2018. Read more→

Kim McCraw and Luc Déry named 2017 CMPA Indiescreen Award Winners

The Canadian Media Producers Association (CMPA) today announced the winners of the 2017 Indiescreen Awards in an afternoon ceremony that marked the opening of the 42nd annual Toronto International Film Festival. Read more→

CMPA reveals nominees for the 2017 CMPA Indiescreen Awards

The CMPA today announced the nominees for 2017 Indiescreen Awards. The winners will be announced at the CMPA Indiescreen Awards Reception in Toronto on September 7. Read more→

CMPA appoints Jason Lee as Vice-President, BC Industrial Relations

The CMPA today announced the appointment of Jason Lee as Vice-President, BC Industrial Relations. As the chief negotiator for the CMPA BC Producers Branch, Lee will negotiate labour agreements with the province’s unions and guilds on behalf of members. Read more→

Canadian producers, actors and directors commend Minister Joly on rejection of CRTC decision

Today, the CMPA, ACTRA and the DGC applauded the Minister of Canadian Heritage Mélanie Joly and the federal cabinet for referring back portions of the CRTC’s Group Licence Renewal (GLR) decisions for Canada’s large private television broadcasters. Read more→

CMPA statement on joint open letter by Bell Media, Corus Entertainment and Rogers Media

The broadcasters dismiss CRTC regulations that have helped build a thriving domestic industry as “protectionist measures” of the past. But the truth is that the broadcasters’ near-complete dominance over Canada’s television market comes from them having enjoyed decades of regulatory protection. Read more→


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Healthcare business news, research, data and events from Modern Healthcare, business magazine.#Business #magazine


Modern Healthcare

The leader in healthcare business news, research data

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Unsure of CMS’ strategy, providers may retreat on risk models

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ONC seeks comments on Interoperability Standards Advisory

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The 21st Century Cures Act tasked the Office of the National Coordinator for Health Information Technology with a herculean task: solve the interoperability puzzle.

Redesigning hospitals with patient experience in mind

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Research

MASTERING MACRA: What you need to know about Medicare’s physician Quality Payment Program

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Data Points: Is it time to talk?

Business magazine

Providers

HCA’s East Houston Regional Medical Center unable to weather the storm

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Insurance

HealthCare.gov numbers outpaced 2016 during first week of open enrollment

Business magazine

Sign-ups during the first week of ACA open enrollment outpaced last year’s, suggesting concerns that enrollment would falter this year were overblown.

Government

Feds backing out of lawsuit against HCR ManorCare

Business magazine

The federal government is moving to dismiss a lawsuit it brought two years ago against the national nursing-care provider after a judge tossed out the government’s key witness over issues of credibility.

Finance

CHI cuts quarterly operating loss by more than half

Business magazine

Catholic Health Initiatives reported improved financial results in the quarter ended Sept. 30, and officials say the health system is making progress with a turnaround.

Technology

DEA cracking down on fake fentanyl traffickers

Business magazine

The goal is to make it easier for federal prosecutors to go after people who peddle illicit versions of the deadly opioid fentanyl that are fueling the nation’s drug abuse crisis.

Transformation

Using avatars to practice hard conversations

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A pilot program, funded by the CDC’s cancer division, is experimenting with allowing patients to ask a virtual coach questions that they might otherwise feel too uncomfortable or overwhelmed to ask a real physician.

Safety & Quality

Overlapping neurosurgeries don’t hurt patient outcomes

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Patient outcomes don’t suffer when surgeons perform critical parts of the procedure and then depart for another underway, according to a new JAMA study.

People

Guest Commentary: More providers need to embrace integrative health approach

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Our healthcare system is obsessed with delivering medical services, performing procedures and prescribing medications. It really needs to become obsessed with producing health.

Surveys

This week’s poll: Has Trump been good or bad for healthcare?

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Share your opinion in the latest edition of our biweekly reader poll. Has Trump been good or bad for healthcare?


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The Food-Truck Business Stinks, business magazine.#Business #magazine


The New York Times

Business magazine

Stefan Nafziger seemed oddly downbeat for a guy watching a dozen or so hungry people line up to buy his falafels. Three years ago, when it seemed as if food trucks might take over Manhattan , he planned to have a fleet of his Taim trucks dispensing Middle Eastern fare throughout the city. He even got a Wall Street investor. Now, he says, his one truck barely justifies the cost.

I was originally hoping that Nafziger would help me figure out a decidedly New York puzzle. As I was walking through Prospect Park recently, I wanted to find a healthful snack for my son and something for me. The only options, though, were the same sort of carts that my dad took me to in the ’70s: Good Humor ice cream, overpriced cans of soda and overboiled hot dogs sitting in cloudy water. This seemed ridiculous. In the past few decades, food in New York City has gone through a complete transformation, but the street-vendor market, which should be more nimble, barely budges. Shouldn’t there be four Wafels Dinges trucks for every hot-dog cart?

David Weber, president of the New York City Food Truck Association, explained that the ratio is more like 25 to 1 the other way. That’s because despite the inherent attractiveness of cute trucks and clever food options, the business stinks. There are numerous (and sometimes conflicting) regulations required by the departments of Health, Sanitation, Transportation and Consumer Affairs. These rules are enforced, with varying consistency, by the New York Police Department . As a result, according to City Councilman Dan Garodnick, it’s nearly impossible (even if you fill out the right paperwork) to operate a truck without breaking some law. Trucks can’t sell food if they’re parked in a metered space . . . or if they’re within 200 feet of a school . . . or within 500 feet of a public market . . . and so on.

Enforcement is erratic. Trucks in Chelsea are rarely bothered, Nafziger said. In Midtown South, where I work and can attest to the desperate need for more lunch options, the N.Y.P.D. has a dedicated team of vendor-busting cops. “One month, we get no tickets,” Thomas DeGeest, the founder of Wafels Dinges, a popular mobile-food businesses that sells waffles and things, told me. “The next month, we get tickets every day.” DeGeest had two trucks and five carts when he decided he couldn’t keep investing in a business that was so vulnerable to overzealous cops or city bureaucracy. Instead, DeGeest reluctantly decided to open a regular old stationary restaurant.

Nafziger also knows well the regulatory hassles of the business. After one of his employees spent eight hours in jail for selling falafel without a license, he strictly follows the rule insisting that every mobile-food employee has Health Department certification. The trouble is that he needs to employ four people, each with his own license; if one quits, it can take two months for a new worker to get the proper paperwork. Nafziger said he holds on to his truck only because it’s basically a moving billboard for his two, more successful brick-and-mortar restaurants, in Greenwich Village and NoLIta. And stationary restaurants, by the way, require that only a single employee on duty have a Health Department certification.

Nafziger and DeGeest may have become experts in the rules and regulations, but many of the city’s vendors are constantly flummoxed. I spent one recent morning in the offices of the Street Vendor Project, a worker-advocacy group. As I sat with Sean Basinski, the group’s founder, a stream of vendors came in with pink tickets in their hands. One woman, an Ecuadorean immigrant who sells kebabs in Bushwick, Brooklyn , handed Basinski the six tickets that she and her husband received on a single afternoon. The total came to $2,850, which, she said, was much more than what she makes in a good week. She had a street-vendor’s license, she said, but didn’t understand that she also needed a separate permit for her cart.

The food-truck business, I realized, is a classic case of bureaucratic inertia. The city has a right to weigh the interests of food-market owners (who don’t want food trucks blocking their windows) and diners (who deserve to know that their street meat is edible, and harmless). But many of the rules governing location were written decades ago. In the ’80s, the city capped the number of carts and trucks at 3,000 (plus 1,000 more from April to October). Technically, a permit for a food cart or truck is not transferable, but Andrew Rigie, executive director of the N.Y.C. Hospitality Alliance, said that vendors regularly pay permit holders something like $15,000 to $20,000 to lease their certificates for two years. Legally, the permit holder becomes a junior partner in the new business.

As Rigie spoke, I was reminded of corrupt countries that I’ve visited, like Iraq and Haiti , where illogical and arbitrarily enforced rules create the wrong set of incentives. Perhaps the biggest winner in our current system is an obscure type of business known as an authorized commissary. By city law, every food cart and truck must visit a licensed commissary each day, where a set of mandated cleaning services can be performed. These commissaries also sell and rent carts and sell vendors food, soda, ice cream and propane . Rigie told me that many commissary owners make a bit extra by acting as informal brokers, facilitating the not-quite-legal trade of permits, which, by some estimates, is a $15 million-a-year business. Given their city-mandated stream of business, these commissaries have essentially formed an oligopoly. As a result, they have little incentive to compete aggressively by offering different kinds of food. No wonder we have an oversupply of hot dogs and knishes and nowhere near enough waffles and falafels.

Economically speaking, the problem is a standard one, known as the J-curve, which represents a downslope on a graph followed by a steep rise. Some sensible changes to the current food-vendor system may have long-term benefits for everyone, but the immediate impact could spell short-term losses for those who now profit from the system. A small group of New Yorkers — particularly owners of commissaries and physical restaurants — are highly motivated to lobby politicians not to change things. And most of the potential beneficiaries don’t realize they’re missing out. Many of the rest of us would love to have more varied food trucks, but we don’t care enough to pressure the City Council.

The one group that clearly suffers from the current system — the ticketed vendors — are often poorly paid immigrants without legal status and virtually no power. This sort of dynamic more or less sums up the economies of the third world. Economists generally agree that one of the distinguishing factors between rich countries and poor ones is that it is much easier to start businesses in rich countries. In Ecuador , for example, it takes about 56 days and 13 separate procedures to get all the legal paperwork done to start a new business. In the United States, it’s an average of six days and six procedures. But if you want to open a mobile-food business in New York, it’s essentially like starting a business in Ecuador — and that’s if you can somehow arrange a permit.

Adam Davidson is co-founder of NPR’s “Planet Money,” a podcast and blog.


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Black Enterprise – Your #1 Resource for Black Entrepreneurs, Professionals and Small Businesses, small

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Freebie: Office And Business Icon Pack (92 Icons, AI, EPS, PSD, PDF, PNG, SVG)

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Smashing Magazine

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With responsive design, creating Photoshop mock-ups is just inefficient. In the new anniversary edition of Hardboiled Web Design. Andy Clarke shows how to improve workflow, craft better front-end, establish style guides and reduce wasted time. Get the book .

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London Press – CNBC Business Magazine #business #etiquette


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CNBC BUSINESS magazine is the flagship publication of the recognised leader in business and financial news.

Published out of London, CNBC BUSINESS magazine reaches an investor audience of over 650,000 through a distribution network of international newsstands, airline business cabins, business hotel chains and financial institutions. It enjoys a privileged distribution at high profile global conferences such as the Davos World Economic Forum and is sent directly to the CNBC Global Leaders List reaching the CEOs of the world’s top 1000 companies based on dollar turnover, amounting in total to $22 trillion.

MEDIA PACK 2011/2012

Editorial

CNBC Business is a monthly business magazine that covers – and discovers – the most interesting entrepreneurs hatching the most innovative business models within the most dynamic sectors.

From Apple to Zecco, we have reported on a huge array of gamechangers during the past few months and have carried exclusive interviews with green investment guru Vinod Khosla, Juno founder Chris Hughes, Foursquare’s Dennis Crowley, PayPal and Slide.com’s Max Levchin, Layar co-founder Maarten Lens-Fitzgerald, Y Combinator’s Paul Graham and Seedcamp’s Saul Klein.

Whether it is Dimitry Kotenko, who is trying to make Siberia into a leading solar powerhouse, or Saad Mohseni, who is piping TV talent shows into houses in Afghanistan, CNBC Business talks to the headline-makers before they make the headlines.

And just as important as unearthing business talent, we identify the next business hotspots. We have looked at the future telecom giants of the emerging markets, the various attempts to clone Silicon Valley, and the most creative business hubs in Europe.

Rounding out each issue of the magazine is the Pursuits section, which informs readers on ways to enjoy their downtime, with hotels, motoring and gadgets reviews and sports, culture and style crib-sheets. With such a focus on innovation, enterprise and investment, delivered in print and online, CNBC Business delivers the link to – wherever you are.

Boyd Farrow
Editor, CNBC Business

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Internet World, London, 24 -26th April
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JULY
East Africa Business Summit Expo,South Africa, 20th July

SEPTEMBER
Private Banking Summit, Zurich 17-19 September
World Retail Congress, London,19-21 September
Monaco Yacht Show 2012, Monaco,19-22 September
International Economic Development
Council 2012 Annual Conference, Texas,30 September – 3 October

OCTOBER
European Future Energy Forum,London, 4-6 October
Expo Real, Munich, 8-10 October
Enterprise Marketing 2.0, Amsterdam, 12-13 October
The Carbon Show, London, 18-19 October

NOVEMBER
World Travel Market, London, 5-7 November
ADIPEC, Abu Dhabi 5-8 November
MAPIC, Cannes, 14-16 November

CNBC Business distribution

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With distribution in First and Business Class of over 40 airlines including, Air France, BA, Lufthansa and Emirates, at major international Conferences. in airport lounges and select hotels, we can guarantee that our readers are ABC1, travelling, or planning future travel.

ACCESS TO CORPORATE ACCOUNTS
Our readers are senior decision makers. With our unique distribution directly targeting them and their travel patterns you have access to those who dictate and influence corporate strategy.

We directly distribute to the 1,000 most senior CEOs of the world’s top 1,000 businesses.

The power of a global brand

CNBC, First in Business Worldwide, is the leading global broadcaster of live business and financial news and information, reporting directly from the major financial markets around the globe, with three regional networks in Asia, EMEA and the United States.

Drawing on programming from Europe, the Middle East, the US and Asia, CNBC provides the perfect 24-hour global business briefing.

CNBC’s mission is to provide insightful and informative commentary, CEO interviews, analysis and real-time data. This, combined with its highly experienced presenters and journalists, make it an unmatched product.

Available in approximately 400 million households worldwide, CNBC has three English- language regional business networks based in Europe and the Middle East, Asia and the US, offering a powerful combination of global and regional business power, with local expertise and relevance. The EMEA region alone accounts for more than 130 million homes.

In EMEA, CNBC is the only real-time, pan- regional business and financial news network dedicated to CEOs, senior corporate executives, the financial services industry and investors.

Across EMEA, CNBC is also available in the majority of four- and five-star hotels and directly on the floors of the region’s major banks and financial institutions.

The CNBC global network is owned by NBC Universal, one of the world’s leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television station group and world-renowned theme parks.

© 2012 London Press. All rights reserved London Media Public Relations WLL


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Comstock s magazine – Business insight for California s Capital Region #business #clothing


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Comstock’s

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In The Penalty

Dominik Jakubek, one of two goalkeepers for Sacramento Republic FC, makes a diving save on a shot during practice at Bonney Field. Jakubek joined the franchise as an original member in 2014. He was 34 years old when he was signed.

Sep 2, 2016 Sena Christian

From Corporate Jobs to Brewery Owners

Proprietors of Big Stump Brewing Company juggle traditional careers with new venture

The phrase “typical day” is not one Larissa Meltz and Alex Larrabee have uttered recently and, as they get closer to their expected Labor Day weekend opening of Big Stump Brewing Company at 1716 L St. in Midtown Sacramento, their schedules will likely only get busier.

Sep 2, 2016 Jennifer Snyder

SacAnime and the Rise of the Pop-Culture Convention

Biannual Sacramento anime event takes place Sept. 2-4

While pop-culture conventions may be all the rage these days, that hasn’t always been the case.

Sep 1, 2016 Willie Clark

Buzzwords: Hardball

To be uncompromising in your methods or dealings, especially in business of politics

So while the word — and the practice — might make you roll your eyes, playing hardball can be useful and even necessary when the stakes are high. But please, use sparingly both verbally and in action.

Sep 1, 2016 Robin Epley

Trending on Twitter

Sightings Happenings Around Town

Volunteer with Unseen Heroes

Net Numbers

Raised for Glory

Poll: Are Your Bosses Expectations Too High?

Farm to Fan

Youth Sports Should be a Kid’s Game

Dilemma of the Month: Unrealistic Performance Goals

Why Connecting with Strangers on Social Media May Not be Smart

Farm-to-Fork Offers Veggie-Studded Lineup

Knock it Off

Game Face

Healthy Competition Builds A Gold-Medal Team

Artists to Take Center Stage at Sacramento Mural Festival

Sacramento to Host California Craft Beer Summit

Buzzword: Placemaking

How Oak Park Promise Vows to Improve the Neighborhood

Encounters with Keepers at the Sacramento Zoo

Rise Up Belize! Aspires to Help Children

Vacation Like a Freelance Boss

Republic FC Relies on Fan Feedback for Stadium Plans

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Investor – s Business Daily Founder Invests in SMU – D Magazine #business #brochures


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Investor s Business Daily Founder Invests in SMU

California-based William J. O’Neil, who started the Investor’s Business Daily newspaper, funded a chair in business journalism at Southern Methodist University’s Meadows School of the Arts in 2007 and, a year later, established the William J. O’Neil Center for Global Markets and Freedom at SMU’s Cox School of Business. O’Neil lived in Dallas growing up and graduated from SMU in 1955.

1. Why have you endowed these programs at SMU?

Because we’ve had Investor’s Business Daily for 27 years. We have an enormous database, and we’ve learned a lot about the economy. There’s constant change—newcomers coming in with something new, cheaper, faster, displacing older-line companies—and that’s the heart of what the country’s all about. There’s freedom and opportunity to do whatever you want here; it’s up to you. But not everyone understands that.

2. Why have you focused at least partly on business journalism?

My feeling about the journalist field is that journalism students don’t really know much about business. So I think every journalism [student] should have a couple of years of economics background. They need to be able to judge and evaluate: Is this thing we’re hearing about sound, or not?

3. It has been reported that you bought a building in Plano. What will you do with it?

The building is in escrow, and we should have possession by December or January. I think it’s on 11.5 acres. We’re going to move some people here. We have two different operations: O’Neil Data Systems [an automated printing business], which has a lot of big contracts with HMOs to provide all their data. And then we’ll have some of the newspaper people, though we’ll still maintain similar operations in Los Angeles. We’re still analyzing what functions we’ll want to have here, and we’ll hire some people here. In the long run, the paper may have its headquarters here. It just depends.

4. Depends on what?

Well, on how things go. We think being in the central part of the country—in a dynamic area that’s growing and that’s more willing to be pro-business—would preserve the future of the paper.

5. There seems to be a lot of talk these days about American decline. Do you agree with the naysayers, or are you optimistic about the future?

Back in the 1970s, everybody was saying that we had seen our best growth. But the American system is such that anybody can come here and do anything they want to do. So the ‘brain drain’ is moving toward us all the time. Our system adjusts and corrects the problems. So I think the long-term future is very positive.

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