Robert Prichard
John Robert Stobo Prichard, OC OOnt (born 1949) is a Canadian lawyer, economist, and academic. He is the past President and Chief Executive Officer and former Director of Torstar Corporation. He is now the Chairman of the Bank of Montreal.
Robert Prichard | |
|---|---|
| 13th President of the University of Toronto | |
| In office 1990 – 2000 | |
| Chancellor | John Black Aird Rose Wolfe Hal Jackman |
| Preceded by | George Connell |
| Succeeded by | Robert J. Birgeneau |
| Personal details | |
| Born | John Robert Stobo Prichard 1949 (age 70–71) London, England |
| Alma mater | Swarthmore College University of Chicago University of Toronto Yale University |
| Academic work | |
| Discipline | Law |
| Institutions | University of Toronto |
Academia
Born in London, England, Prichard attended prep school at Upper Canada College before studying economics at Swarthmore College, business at the University of Chicago, and law at the University of Toronto and Yale Law School.
Prichard joined the Faculty of Law at the University of Toronto in 1976. He served as Dean of the faculty from 1984 to 1990.
Prichard was appointed the thirteenth president of the University of Toronto in 1990, a position which he held until 2000. During his ten years as president, the U of T's endowment rose to $1.4 billion, the most of any Canadian university.[1]
Toronto Star
Upon leaving the University of Toronto, Prichard became the president of the Star Media Group and chief operating officer of the Torstar Corporation in May 2001. In 2004, Prichard pushed out John Honderich as publisher of the Toronto Star because he resisted making the deep cost cuts that Prichard demanded.[2] However, in 2006, Honderich, a Torstar director who chairs a voting trust comprising five families that control Torstar, instigated a "coup" among the five families that resulted in the termination of Prichard's chosen publisher Michael Goldbloom and editor-in-chief Giles Gherson.[3] Some have suggested that Torstar's financial woes have been caused by Prichard's distraction by his presence on several boards, including Onex and Four Seasons.[4]
Prichard has also been a member of Imasco's board of directors since 1993. Imasco owns and controls Imperial Tobacco, the largest tobacco manufacturer in Canada. Prichard's involvement with Imasco was the subject of criticism, due to a perceived conflict of interest for his role as university head. During Prichard's term as president, the University of Toronto accepted $2 million from Imasco between 1997 and 1999. In 1998, Imasco contributed just over $2.5 million to educational institutions across the country. Similar conflict of interest concerns have been raised about the 2005 deal engineered by Prichard by which Torstar acquired a 20 per cent stake in broadcaster and rival publisher Bell Globemedia Inc.[5]
Political work
Prichard served on the transition teams of three Ontario premiers of three different parties: Liberal David Peterson in 1985, New Democrat Bob Rae in 1990, and Progressive Conservative Mike Harris in 1995.[6]
Prichard was deemed by several political insiders to be a contender in the race to become Liberal Party Leader, following the resignation of former Prime Minister Paul Martin.[7]
Business career
Prichard is past President and Chief Executive Officer and former Director of Torstar Corporation, and also sits on the Boards of George Weston Limited, Onex Corporation, and is the Chairman of the Board of the Bank of Montreal. [8]
Current work
Prichard is the chair of the board of Metrolinx and Penguin Group Canada, as well as the chair of Toronto law firm Torys LLP.[6]
References
- John Michael McGrath (2010-10-15), "The busiest man in Toronto: five things we learned from Robert Prichard", Toronto Life, archived from the original on 2012-03-27, retrieved 2011-01-15
- Gordon Pitts, "Honderich said ousted over cost cuts; Observers say CEO Robert Prichard told Star publisher to go after he re-sisted demands to slash costs ", The Globe and Mail, January 27, 2004
- Sinclair Stewart, Grant Robertson and Jacquie Mcnish, "Private feud, public company; Torstar's share price and flagship Star newspaper have been bleeding along with most of its industry peers.", The Globe and Mail, October 21, 2006
- Eric Reguly, "Knives may be out for Torstar's Prichard", The Globe and Mail, October 17, 2006
- David Bruser, "Media map rewritten as Torstar buys into rival", The Toronto Star, December 3, 2005
- Watson, Thomas (2010-10-25), "Interview: Prichard the Third", Canadian Business, retrieved 2011-01-12
- "Reg Alcock backs Stronach's Grit leadership bid". CTV News. Archived from the original on 2006-03-12. Retrieved 2007-01-04.
- "J. Robert Prichard". Forbes.
- "Canadian Who's Who 1997 entry". Retrieved February 16, 2006.
| Business positions | ||
|---|---|---|
| Preceded by |
Torstar Corporation CEO | Succeeded by |