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Posted

"I would tend to think that Jim Pattison or John Irving might qualify for as CEO's with the largest equity stake in very large companies...."

 

They must be looking at publicly traded companies only

 

Posted

Anyone familiar with this company Onex.  They have an INCREDIBLE track record

 

I just read over their website and their latest annual report. Real impressive track record, and management is closely tied to the performance of the company. Some of their businesses are in industries that might continue to struggle a bit in the near term (they're heavily invested in health care and the airline/aerospace industry), but otherwise seems like a well run company.

 

They're apparently the 2nd largest employer in Canada after the federal government.

 

They posted a loss of $84 million for the first quarter.

 

 

Posted

IIRC we had a discussion about Onex a few years back. The biggest problem with Onex is the compensation structure. Apparently they pay themselves a hefty performance bonus from the funds the company manages - the money goes to the person managing the fund rather than Onex itself. This reduces the earnings of Onex itself.....sounds familiar?

 

cheers

Zorro

 

Anyone familiar with this company Onex.  They have an INCREDIBLE track record

 

I just read over their website and their latest annual report. Real impressive track record, and management is closely tied to the performance of the company. Some of their businesses are in industries that might continue to struggle a bit in the near term (they're heavily invested in health care and the airline/aerospace industry), but otherwise seems like a well run company.

 

They're apparently the 2nd largest employer in Canada after the federal government.

 

They posted a loss of $84 million for the first quarter.

 

 

Posted

It's run by Garry Schwartz.  His wife is Heather Riesman who owns Indigo Books.  Onex would be comparable to Blackstone or some other large private equity firm.  They've done well over the years and Schwartz has a huge committee that helps him run all the businesses.  They've expanded their investment fund business heavily over the last few years.  Cheers!

 

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