John Angus "Bud" McDougald (14 March 1908 – 15 March 1978) was a leading

Canadian Canadians () are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''C ...

businessman and owner of

Thoroughbred The Thoroughbred is a list of horse breeds, horse breed developed for Thoroughbred racing, horse racing. Although the word ''thoroughbred'' is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thorough ...

racehorses Horse racing is an equestrian performance activity, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its bas ...

. In 1975, journalist Peter Newman wrote that, "He may well be the least known and most admired member of the anadianbusiness Establishment. Without question, he is the most powerful." Born in

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

, he was universally known by the

nickname A nickname, in some circumstances also known as a sobriquet, or informally a "moniker", is an informal substitute for the proper name of a person, place, or thing, used to express affection, playfulness, contempt, or a particular character trait ...

, "Bud". The son of a wealthy

investment banker Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by unde ...

, after working as a

stockbroker A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and ...

for

Dominion Securities RBC Dominion Securities Inc. is a Canadian investment brokerage that has been in operation since 1901. The brokerage was founded by George Albertus Cox and was part of a network of financial companies he controlled. In 1973, DS appointed Anthony ...

, in 1945 Bud McDougald teamed up with

E. P. Taylor Edward Plunket Taylor, Companion of the Order of St Michael and St George, CMG (January 29, 1901 – May 14, 1989), was a Canadians, Canadian business tycoon, investor, and philanthropist. He was a famous breeder of Thoroughbred horse racing, r ...

to establish Taylor, McDougald and Company Ltd. which would lead to his rise in the Taylor-controlled

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

Argus Corporation The Argus Corporation was an investment holding company based in Toronto, Ontario. During the 1960s and 1970s, it was the most powerful and best known conglomerate in Canada, at one time controlling the companies making up 10 percent of all shar ...

. 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 was a six square kilometre (1,500 acre) Thoroughbred Stud farm, horse breeding farm that was founded by businessman E. P. Taylor in Oshawa, Ontario, Canada. Origin The first stable and breeding operation of E. P. Taylor o ...

. That situation saw McDougald rise within the business to where he was appointed chairman of the

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

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 The Hollinger Gold Mine was discovered on October 9, 1909, by Benny Hollinger, who found the gold-bearing quartz dike that later became known as Hollinger Mines. With his friend, professional Prospecting, prospector Alex Gillies, Hollinger had trav ...

Massey Ferguson Massey Ferguson is an agricultural machinery manufacturer, established in 1953 through the merger of farm equipment makers Massey-Harris of Canada and the Ferguson Company of Ireland. It was based in Coventry then moved to Beauvais in 2003 when ...

Standard Broadcasting Standard may refer to: Symbols * Colours, standards and guidons, kinds of military signs * Standard (emblem), a type of a large symbol or emblem used for identification Norms, conventions or requirements * Standard (metrology), an object th ...

Crown Trust The Crown Trust Company was an Ontario-based firm that operated in most of Canada prior to its collapse in 1983. History In January 1946, the Trust and Guarantee Company Limited acquired Crown Trust. For one year it operated under the name the ...

and

Domtar Domtar Corporation is a leading, privately held manufacturer of diversified forest products, with a workforce of roughly 14,000 employees in more than 60 locations across North America. While Domtar operated independently for several decades a ...

. McDougald was one of the major biographies in Peter C. Newman's 1975 book, ''

The Canadian Establishment ''The Canadian Establishment'' is a series of books published in Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Oc ...

''. McDougald died in

Palm Beach, Florida Palm Beach is an incorporated town in Palm Beach County, Florida, United States. Located on a barrier island in east-central Palm Beach County, the town is separated from West Palm Beach, Florida, West Palm Beach and Lake Worth Beach, Florida, ...

in 1978. Two months after his death his widow and sister-in-law signed documents that gave

Conrad Black Conrad Moffat Black, Baron Black of Crossharbour (born 25 August 1944), is a Canadian-British writer and former politician, Publishing, newspaper publisher, Investor, financier, and Fraudster, convicted fraudster. Black's father was businessma ...

control of

Ravelston Corporation Ravelston Corporation Limited was a Canadian holding company that was largely controlled by Conrad Black and business partner David Radler. At one time, it held a majority stake in Hollinger Inc., once one of the largest media corporations in th ...

which in turn controlled Argus Corporation.

Thoroughbred racing

Introduced to the sport by E. P. Taylor, McDougald was a founding member of the

Jockey Club of Canada {{Short description, Former Canadian jockey club 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 ...

. He and his wife owned a number of

racehorses, the most successful of which was Nijinsky's Secret.

References

* Newman, Peter C. ''The Canadian Establishment'' (1975)

McClelland and Stewart McClelland & Stewart Limited is a Canadian publishing company. It is owned by Penguin Random House of Canada, a branch of Penguin Random House, the international book publishing division of German media giant Bertelsmann. History It was founded ...

* Newman, Peter C. ''The Canadian Establishment, Volume Two: The Acquisitors'' (1981) McClelland and Stewart * Francis, Diane ''Controlling Interest: Who Owns Canada'' (1986)

Macmillan of Canada Macmillan of Canada was a Canadian publishing house. The company was founded in 1905 as the Canadian arm of the English publisher Macmillan. At that time it was known as the "Macmillan Company of Canada Ltd." In the course of its existence the ...

North York Council report on Bud McDougald and his Estate

December 20, 2007 ''Canadian Business'' magazine article titled ''The Rich 100: Historic fortunes''
{{DEFAULTSORT:McDougald, John A. 1908 births 1978 deaths Businesspeople from Toronto Canadian racehorse owners and breeders Canadian stockbrokers St. Andrew's College (Aurora) alumni