Max Aitken, 1st Baron Beaverbrook

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William Maxwell "Max" Aitken, 1st Baron Beaverbrook, Bt, PC, (25 May 1879 – 9 June 1964) was a Canadian-British business tycoon, politician, and writer.[1]

Contents

Early career in Canada

Aitken was born in Maple, Ontario, Canada, (near Keele Street and Major Mackenzie Drive) in 1879, the son of a Scottish-born Presbyterian minister. The following year, his family moved to Newcastle, New Brunswick, Canada, which he considered to be his home town. It was here, at the age of 13, that he published his first newspaper.

Although Aitken wrote the entrance examinations for Dalhousie University and registered at the King's College Law School, he did not attend either institution. His only formal higher education came when he briefly attended the University of New Brunswick. Aitken worked for a short time as an office boy in the law office of Richard Bedford Bennett, in the town of Chatham, New Brunswick. Bennett later became Prime Minister of Canada and a business associate.

As a young man, Aitken made his way to Halifax, Nova Scotia where John F Stairs, part of the city's dominant business family, gave him employment, training him in the business of finance. In 1904, when Stairs opened his newly formed Royal Securities Corporation, Aitken became a minority shareholder and the firm's general manager. Under the tutelage of Stairs, who would be his mentor and friend, Aitken engineered a number of successful business deals and was planning to do a series of bank mergers; however, Stairs' unexpected early death in late September 1904 led to Aitken acquiring control of the company. Stairs had given the untested and untrained Aitken an opportunity in business, just as Aitken would later do when he hired AJ Nesbitt, a young dry goods salesman from Saint John, New Brunswick. Because Montreal, Quebec was, at that time, the financial centre of Canada, Aitken would send Nesbitt to open the Montreal branch of Royal Securities.

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