William Earle McLaughlin (16 September 1915 – 30 October 1991) was a Canadian banker who was the Chairman of the
Royal Bank of Canada
Royal Bank of Canada (RBC; ) is a Canadian multinational Financial institution, financial services company and the Big Five (banks), largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than ...
from 1960 to 1979.
Born in
Oshawa
Oshawa is a city in Ontario, Canada, on the Lake Ontario shoreline. It lies in Southern Ontario, approximately east of downtown Toronto. It is commonly viewed as the eastern anchor of the Greater Toronto Area and of the Golden Horseshoe. It ...
,
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 ...
, to parents Frank McLaughlin and Frankie L. Houlden. Earle McLaughlin graduated with a gold medal in commerce from
Queen's University and joined the
Royal Bank of Canada
Royal Bank of Canada (RBC; ) is a Canadian multinational Financial institution, financial services company and the Big Five (banks), largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than ...
in 1936. In 1960, at an age considered very young at the time, 45-year-old McLaughlin was appointed the bank's general manager and then shortly thereafter, president.
He would retire as chairman in 1979.
In addition to the Royal Bank, McLaughlin served on 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 ...
of a number of corporations including
Canadian Pacific Railway
The Canadian Pacific Railway () , also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Kansas City, Canadian Pacific Ka ...
,
Algoma Steel
Algoma Steel Inc. (formerly The Algoma Steel Corporation, Limited; Essar Steel Algoma) is an integrated steel mill, primary steel producer located on the St. Marys River (Michigan-Ontario), St. Marys River in Sault Ste. Marie, Ontario, Canada. ...
,
Metropolitan Life
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, w ...
and
General Motors
General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...
(a board which he was appointed to after the retirement of
Sam McLaughlin
Colonel Robert Samuel McLaughlin, (September 8, 1871 – January 6, 1972) was a Canadian businessman and philanthropist. He started the McLaughlin Motor Car Company in 1907, one of the first major automobile manufacturers in Canada, which ev ...
, his first cousin once removed). He was a member of the board of governors of the
Royal Victoria Hospital and the Council of the
Montreal Museum of Fine Arts
The Montreal Museum of Fine Arts (MMFA) is an art museum in Montreal, Quebec, Canada. It is the largest art museum in Canada by gallery space. The museum is located on the historic Golden Square Mile stretch of Sherbrooke Street west.
The MMFA ...
.
Following his retirement from banking, he served as chancellor of
Concordia University
Concordia University () is a Public university, public English-language research university located in Montreal, Quebec, Canada. Founded in 1974 following the merger of Loyola College (Montreal), Loyola College and Sir George Williams Universit ...
(1982–1986) and was a trustee of Queen's University who awarded him their alumni John B. Stirling Montreal Medal in 1967. Earle McLaughlin was made an Officer of the
Order of Canada
The Order of Canada () is a Canadian state order, national order and the second-highest Award, honour for merit in the system of orders, decorations, and medals of Canada, after the Order of Merit.
To coincide with the Canadian Centennial, ce ...
in 1981. McLaughlin died in Montreal in 1991 and was buried at
Mount Royal Cemetery
Mount Royal Cemetery ( French: Cimetière Mont-Royal) is a terraced cemetery on the north slope of Mount Royal in the borough of Outremont in Montreal, Quebec, Canada. It opened in 1852. Temple Emanu-El Cemetery, a Reform Judaism burial ground, ...
.
His grandson, Kevin McLaughlin, now continues the family automotive tradition with
AutoShare
Enterprise Holdings, Inc. (doing business as Enterprise Mobility) is an American private holding company headquartered in Clayton, Missouri, in Greater St. Louis. It is the parent company of car rental agencies Enterprise Rent-A-Car, National Ca ...
.
Works
McLaughlin, W. Earle.
''Collected Speeches 1961–1979''. Royal Bank of Canada, 1980.
References
{{DEFAULTSORT:McLaughlin, Earle
1915 births
1991 deaths
Canadian bank presidents
Canadian people of Ulster-Scottish descent
Officers of the Order of Canada
People from Oshawa
Queen's University at Kingston alumni
Place of death missing
Chancellors of Concordia University