Carrie DeGroote ?

I have done this site especially for Carrie DeGroote
in order to visit thishousewillexist.org

I apologize for my poor translation into English


Michael DeGroote

Michael G. DeGroote, OC (born 1922) is a Canadian businessman and philanthropist. Apart from his business career that made him a billionaire, he is best known as the important private donor to McMaster University.

Early life

DeGroote was born in Belgium to Flemish parents and immigrated to Canada with his parents when he was 14. He left school in Grade 9 to help his family by working in tobacco fields near Tillsonburg, Ontario.

Business career

In 1959 he purchased Laidlaw Transport Ltd.., A small trucking company based in Hagersville, Ontario. Under his leadership, Laidlaw increased after handling solid waste in a variety of directions, including the building of school buses. For the 70 Laidlaw was large and successful business, and DeGroote had personally become quite rich he could buy Hamilton Tiger-Cats of the Canadian Football League.

In March 1988, DeGroote sold his shares of Laidlaw to Canadian Pacific, in return, he received a combination of cash and shares of CP worth $ 499 million.

In 1990, he retired to Bermuda. However, controversy followed him after his departure in December 1990, he resigned as a director of Laidlaw, and in August 1992, Laidlaw paid $ 7.65 million to settle a class action lawsuit that had alleged that the Executives of the company Laidlaw had "had misrepresented the financial condition of Laidlaw." DeGroote also paid $ 23 million to the Commission values ​​from Ontario to arrange a complaint about insider trading of the shares of Laidlaw.

But still residing in Bermuda, DeGroote was involved in a number of Canadian companies business since his retirement as Loss Republic, AutoNation, and services of a century.

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Awards and Philanthropy

In 1990, DeGroote was made an Officer of Order of Canada.

In 1992 he made a major donation to McMaster University which placed the contruction of a new building for its business school, which was later renamed the Michael G. DeGroote School of Business. The same year he received an honorary degree from McMaster.

In 2003, he gave $ 105 million to McMaster, which has placed a number of medical research centers as well as a building, Michael G. DeGroote Centre for the study and the discovery (commonly abbreviated as MDCL to avoid confusion with the DeGroote School of Business). As well, the school of medicine at McMaster was also renamed for Michael G. DeGroote School of Medicine at McMaster.

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