John A. McDougald
Encyclopedia
John Angus "Bud" McDougald (March 14, 1908 - March 15, 1978) was a leading Canadian
businessman and owner of Thoroughbred
racehorses
.
Born in Toronto
, Ontario
, he was universally known by the nickname
, "Bud". The son of a wealthy investment banker, after working as a stockbroker for Dominion Securities, in 1945 Bud McDougald teamed up with E. P. Taylor
to establish Taylor, McDougald and Company Ltd. which would lead to his rise in the Taylor-controlled holding company
, Argus Corporation. While McDougald would become involved in the sport of Thoroughbred racing, E. P. Taylor would devote much of his time to building his very successful Windfields Farm
. That situation saw McDougald rise within the business to where he was appointed Chairman of the Board of Directors
and president of Argus. He was largely responsible for making it one of Canada's dominant business conglomerates that had controlling interest in Dominion Stores, Hollinger Mines
, Massey Ferguson
, Standard Broadcasting, Crown Trust Company and Domtar
.
Bud McDougald was one of the major biographies in Peter C. Newman's
1975 book, The Canadian Establishment
.
Bud McDougald died in Palm Beach, Florida
in 1978. Two months after his death his widow and sister-in-law signed documents that gave Conrad Black
control of Ravelston Corporation which in turn controlled Argus Corporation.
. He and his wife owned a number of Thoroughbred
racehorses, the most successful of which was Nijinsky's Secret
.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
businessman and owner of Thoroughbred
Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...
racehorses
Horse racing
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...
.
Born in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, he was universally known by the nickname
Nickname
A nickname is "a usually familiar or humorous but sometimes pointed or cruel name given to a person or place, as a supposedly appropriate replacement for or addition to the proper name.", or a name similar in origin and pronunciation from the original name....
, "Bud". The son of a wealthy investment banker, after working as a stockbroker for Dominion Securities, in 1945 Bud McDougald teamed up with E. P. Taylor
E. P. Taylor
Edward Plunket Taylor was a Canadian business tycoon and famous breeder of thoroughbred race horses. Known to his friends as "Eddie", he is universally recorded as "E. P...
to establish Taylor, McDougald and Company Ltd. which would lead to his rise in the Taylor-controlled holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
, Argus Corporation. While McDougald would become involved in the sport of Thoroughbred racing, E. P. Taylor would devote much of his time to building his very successful Windfields Farm
Windfields Farm
Windfields Farm is a six square kilometre thoroughbred horse breeding farm founded by businessman E. P. Taylor in Oshawa, Ontario, Canada. The first stable and breeding operation of E. P. Taylor originated with a property near the city of Toronto known as Parkwood Stable when it was owned by...
. That situation saw McDougald rise within the business to where he was appointed Chairman of the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
and president of Argus. He was largely responsible for making it one of Canada's dominant business conglomerates that had controlling interest in Dominion Stores, Hollinger Mines
Hollinger Mines
The Hollinger Gold Mine was founded by Benny Hollinger in Timmins, Ontario, and in 1910 the company was incorporated by Noah Timmins and partners. The main Hollinger Mine operated from 1910 until 1968. During that period 65,778,234 tons were milled, producing 19,327,691 ounces of gold,...
, Massey Ferguson
Massey Ferguson
Massey Ferguson Limited was a major agricultural equipment manufacturer which was based in Canada before its purchase by AGCO. The company was formed by a merger between Massey Harris and the Ferguson tractor company in 1953, creating the company Massey Harris Ferguson. However in 1958 the name was...
, Standard Broadcasting, Crown Trust Company and Domtar
Domtar
Domtar Corporation is the largest integrated producer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade pulp....
.
Bud McDougald was one of the major biographies in Peter C. Newman's
Peter C. Newman
Peter Charles Newman, CC, CD is a Canadian journalist and writer.Born in Vienna, Austria, Newman emigrated from Nazi-occupied Czechoslovakia to Canada in 1940 as a Jewish refugee. His father, Oscar, was a self-made wealthy factory owner. Newman was educated at Upper Canada College, where he was...
1975 book, The Canadian Establishment
The Canadian Establishment
The Canadian Establishment is the first reference book published in Canada to catalogue the richest families and individuals in the country. It was published in 1975 by economic journalist, Peter C. Newman...
.
Bud McDougald died in Palm Beach, Florida
Palm Beach, Florida
The Town of Palm Beach is an incorporated town in Palm Beach County, Florida, United States. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth...
in 1978. Two months after his death his widow and sister-in-law signed documents that gave Conrad Black
Conrad Black
Conrad Moffat Black, Baron Black of Crossharbour, OC, KCSG, PC is a Canadian-born member of the British House of Lords, and a historian, columnist and publisher, who was for a time the third largest newspaper magnate in the world. Lord Black controlled Hollinger International, Inc...
control of Ravelston Corporation which in turn controlled Argus Corporation.
Thoroughbred racing
Introduced to the sport by E. P. Taylor, Bud McDougald was a founding member of the Jockey Club of CanadaJockey Club of Canada
The Jockey Club of Canada was formed in 1973 to oversee thoroughbred horse racing in Canada. Based in Toronto, Ontario, the club is responsible for the annual Sovereign Awards program and the Canadian Graded Stakes Committee.Founding members:...
. He and his wife owned a number of Thoroughbred
Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...
racehorses, the most successful of which was Nijinsky's Secret
Nijinsky's Secret
Nijinsky's Secret is a Thoroughbred racehorse who competed in France, Canada, and the United States. Bred by Oxford Stable, he was a son of the great 1970 English Triple Crown champion, Nijinsky.Purchased by Ralph C...
.