- Argus Corporation
Argus Corporation (tsx|AR), based in
Toronto ,Ontario , is an investment and holding company founded in 1945 by its PresidentE. P. Taylor with minority partnersColonel W. Eric Phillips andWallace McCutcheon and other investors.Argus was once Canada's most powerful conglomerate; by the 1970s it controlled
Canadian Breweries ,Dominion Stores ,Hollinger Mines ,Crown Trust ,Domtar ,Standard Broadcasting andMassey-Ferguson , as well as having control or significant shareholdings in other Canadian companies such asDominion Malting Co. ,Orange Crush Ltd. andBritish Columbia Forest Products Limited .By 1969, E.P. Taylor was satisfied to allow the very capable Bud McDougald to run operations. The company became so powerful that it was a focal point of the 1975
Royal Commission on Corporate Concentration .Following the death of Bud McDougald, in 1978 his widow sold her shares to
Conrad Black which gave him effective voting control. Black and his associates sold off most of the assets. In 2005 Argus controls only Black's Toronto-based holding companyHollinger Inc. Argus itself is controlled byRavelston Corporation Limited -- itself a holding company controlled until 2005 by Black and his long-time associateDavid Radler .ee also
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Conrad Black References
* [http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&ArticleId=A0000304 Argus Corporation]
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