Jim Pattison Group

“Though divisions like Pattison Outdoor and Neon Products, the group is the largest player in Canadian outdoor advertising, controlling a huge share of billboards and signage.”

“He liquidated the weakest 20% of his assets, converting them into about one hundred and forty million dollars in cash and liquid investments.”

“What is remarkable is that Jim Pattison owns 100% of this.”

“He was also relentlessly focused on cutting costs in the early eighties as they were heading into the recession. And before it head, even before it hit, he imposed belt tightening across the company, personally cut head office staff by 25%. He slashed travel a…”

“He buys back all the public stock. He takes the company private again. He escapes the tyranny of the stock market, and for the last 48 years, he has run his company with the philosophy, no partners, no shareholders, no relatives.”