Earle McLaughlin
Encyclopedia
William Earle McLaughlin, OC
(1915 - October 30, 1991) was a Canadian
banker.
Born in Oshawa, Ontario
, Earle McLaughlin graduated with the gold medal in commerce from Queen's University
and joined the Royal Bank of Canada
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
of a number of corporations including Canadian Pacific Railway
, Algoma Steel
, Metropolitan Life
and General Motors
(a board which he was appointed to after the retirement of Sam McLaughlin, 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
.
Following his retirement from banking, he served as Chancellor of Concordia University
(1982–1986) and was a Trustee of Queen's University
who awarded him their alumni John B. Stirling Montreal Medal in 1967.
.
Order of Canada
The Order of Canada is a Canadian national order, admission into which is, within the system of orders, decorations, and medals of Canada, the second highest honour for merit...
(1915 - October 30, 1991) was a Canadian
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...
banker.
Born in Oshawa, Ontario
Oshawa, Ontario
Oshawa is a city in Ontario, Canada, on the Lake Ontario shoreline. It lies in Southern Ontario approximately 60 kilometres east of downtown Toronto. It is commonly viewed as the eastern anchor of both the Greater Toronto Area and the Golden Horseshoe. It is now commonly referred to as the most...
, Earle McLaughlin graduated with the gold medal in commerce from Queen's University
Queen's University
Queen's University, , is a public research university located in Kingston, Ontario, Canada. Founded on 16 October 1841, the university pre-dates the founding of Canada by 26 years. Queen's holds more more than of land throughout Ontario as well as Herstmonceux Castle in East Sussex, England...
and joined the Royal Bank of Canada
Royal Bank of Canada
The Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...
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
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...
of a number of corporations including Canadian Pacific Railway
Canadian Pacific Railway
The Canadian Pacific Railway , formerly also known as CP Rail between 1968 and 1996, is a historic Canadian Class I railway founded in 1881 and now operated by Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001...
, Algoma Steel
Algoma Steel
See also Algoma Essar Steel Algoma is an integrated primary steel producer located on the St. Marys River in Sault Ste. Marie, Ontario, Canada. Its products are sold in Canada and the United States as well as overseas. Algoma Steel was founded in 1902 by Francis Clergue, an American entrepreneur...
, Metropolitan Life
Metropolitan Life Insurance Company
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, or MetLife, for short, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries...
and General Motors
General Motors
General Motors Company , commonly known as GM, formerly incorporated as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's second-largest automaker in 2010...
(a board which he was appointed to after the retirement of Sam McLaughlin, 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
Montreal Museum of Fine Arts
The Montreal Museum of Fine Arts is a major museum in Montreal, Quebec, Canada. Founded in 1860, making it Canada's oldest art institution, it moved to its current location in 1912 thanks to a large donation from businessman James Ross....
.
Following his retirement from banking, he served as Chancellor of Concordia University
Concordia University
Concordia University is a comprehensive Canadian public university located in Montreal, Quebec, one of the two universities in the city where English is the primary language of instruction...
(1982–1986) and was a Trustee of Queen's University
Queen's University
Queen's University, , is a public research university located in Kingston, Ontario, Canada. Founded on 16 October 1841, the university pre-dates the founding of Canada by 26 years. Queen's holds more more than of land throughout Ontario as well as Herstmonceux Castle in East Sussex, England...
who awarded him their alumni John B. Stirling Montreal Medal in 1967.
Legacy
His grandson, Kevin McLaughlin, now continues the family automotive tradition with AutoShareAutoShare
AutoShare is a car sharing company in Toronto, Ontario, Canada. The service was launched in October 1998 with 16 initial members and three cars. As of June 2009, AutoShare has over 10,000 members and over 200 cars, available for use 24 hours per day...
.