The trend among billionaires to give at least half their money to charity, the so-called Giving Pledge, has not always been so popular. Many have preferred to keep it in the family, or at least try.
A new ruling in a divorce within one of Canada’s richest families — which overturns a key part of the contract imposed by the patriarch on his children and their spouses, severely limiting their claims in the event of divorce — shows just how difficult this can be.
TORONTO — Maple Leaf Foods Inc. posted a $14.8-million loss in what the company concedes was a “very difficult” first quarter, but CEO Michael McCain described the problems as both “transitory” and “self-correcting.”
“This was a very difficult quarter, with lower earnings in our protein business overshadowing good improvement in our bakery results,” McCain said.
[AP] - Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died.
TORONTO (AP) -- Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died. He was 81....
In the last week, foreign media outlets have expressed unusual interest in Canada’s failure to emblazon its $20 bill with the correct kind of maple leaf (a botanist from Atlantic Canada claims the leaf depicted is from a Norway maple).
At the best of times there is foreign bemusement at Canada’s choice of foliage as a national symbol, but the Bank of Canada’s leafy “controversy” has spurred a rarely-seen level of international interest in Canada’s favourite leaf.