Difference between revisions of "Neil McKinnon"

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|description=Canadian financier
 
|description=Canadian financier
 
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|nationality=Canadian
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|religion=Presbyterian
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|birth_date=n January 17, 1911
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|birth_place=Ontario, Canada
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|death_date=August 4, 1975
 
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|title=Canadian Imperial Bank of Commerce/President
 
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'''Neil J. McKinnon''' was a Canadian banker.
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==Career==
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He joined the Canadian Bank of Commerce in 1925, and worked his way up to assistant general manager 1945-1952, general manager, 1952-1954, vice president, 1954-1956, president, 1956-1961, and chairman, 1959-1961.<ref name=pra/>
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He was President, chief Executive officer of [[Canadian Imperial Bank of Commerce]] (which was a merger of Canadian Bank of Commerce and Imperial Bank of Canada in 1961), 1961-1963, chairman chief Executive officer, 1963-1965, and chairman, 1965-1973.<ref name=pra/>
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==Ousted==
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The ''[[Globe and Mail]]'' wrote: Ever since the bank's imperial leader Neil McKinnon was ousted in a boardroom coup in [[1961]], the arrival of a new chief at CIBC has become synonymous with wrenching transitions and painful executive cleansings. Indeed, it was Mr. McKinnon who set the dramatic tone of the bank's long-running executive soap opera when he famously confronted the bank's directors for the last time with the parting remark: "I just wanted to see what a room full of bastards looks like."<ref>https://www.theglobeandmail.com/report-on-business/old-ways-confront-cibcs-new-boss/article4118955/</ref>
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==Board positions==
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As chairman of the Canadian Imperial Bank of Commerce McKinnon holds directorates in some of the biggest US-owned corporations such as [[Ford Motors|Ford Motor Company of Canada]], Trans-Canada Pipelines (Murchison interests of [[Texas]]), Campbell Soup, [[Honeywell]], International Nickel, Falconbridge Nickel Mines, along with directorships in many Canadian corporate giants.<ref name=pra>https://prabook.com/web/neil_john.mckinnon/1042344</ref><ref>https://www.marxists.org/archive/dowson/essays/1973-02Feb99part1.html</ref>
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==References==
 
==References==
 
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Latest revision as of 09:26, 19 September 2022

Person.png Neil McKinnonRdf-entity.pngRdf-icon.png
(banker)
Neil J. McKinnon.png
Bornn January 17, 1911
Ontario, Canada
DiedAugust 4, 1975 (Age 64)
NationalityCanadian
ReligionPresbyterian
Canadian financier

Neil J. McKinnon was a Canadian banker.

Career

He joined the Canadian Bank of Commerce in 1925, and worked his way up to assistant general manager 1945-1952, general manager, 1952-1954, vice president, 1954-1956, president, 1956-1961, and chairman, 1959-1961.[1]

He was President, chief Executive officer of Canadian Imperial Bank of Commerce (which was a merger of Canadian Bank of Commerce and Imperial Bank of Canada in 1961), 1961-1963, chairman chief Executive officer, 1963-1965, and chairman, 1965-1973.[1]

Ousted

The Globe and Mail wrote: Ever since the bank's imperial leader Neil McKinnon was ousted in a boardroom coup in 1961, the arrival of a new chief at CIBC has become synonymous with wrenching transitions and painful executive cleansings. Indeed, it was Mr. McKinnon who set the dramatic tone of the bank's long-running executive soap opera when he famously confronted the bank's directors for the last time with the parting remark: "I just wanted to see what a room full of bastards looks like."[2]

Board positions

As chairman of the Canadian Imperial Bank of Commerce McKinnon holds directorates in some of the biggest US-owned corporations such as Ford Motor Company of Canada, Trans-Canada Pipelines (Murchison interests of Texas), Campbell Soup, Honeywell, International Nickel, Falconbridge Nickel Mines, along with directorships in many Canadian corporate giants.[1][3]


 

Event Participated in

EventStartEndLocation(s)Description
Bilderberg/19652 April 19654 April 1965Italy
Villa d'Este
The 14th Bilderberg meeting, held in Italy
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References