Tuesday, August 4, 2009

Our condolences

Our sincere and heartfelt condolences go out to the family and friends of Jack Lawrence and the partners and staff of his firm, Lawrence Asset Management Inc.

Lawrence Asset Management Inc are Founding Members of CAITI.

Jack Lawrence is someone who believed in the integrity of the Canadian Capital Markets and someone I had the privilege of worklng with at Burns Fry Limited. Jack Lawrence’s high regard for ensuring the integrity of the markets is, no doubt, what led him to join CAITI as a Founding Member.

Our work in exposing the truth about the patent falsehood known as tax leakage on behalf of investors like Jack Lawrence, those who entrusted him to manage their money and the millions of other Canadians who were aggrieved by this reckless policy. will continue. Our ultimate victory in exposing this falsehood will be diminished only by Jack’s absence.

Bay St. heavweight dies in Muskoka crash

Jack Lawrence, Carol Richardson killed on impact when float plane crashes on takeoff\
Aug 04, 2009 01:15 PM
Toronto Star

The man killed in a Muskoka plane crash yesterday afternoon was Bay St. luminary Jack Lawrence, founder and chief executive officer of the Toronto investments firm Lawrence and Co.

Carol Richardson, a woman the company identified as Lawrence's companion, also died in the crash.

Lawrence, 75, was a prominent Bay St. figure for decades, originally making his name as a bond trader and rising to the position of president at the firm Fry Mills Spence.

As chairman of the successor firm Burns Fry, he oversaw its 1994 sale to the Bank of Montreal for $403 million.

Lawrence, 5-foot-3, was renowned for his dual passions for fitness and fiscal policy.

Born in Orangeville, he played hockey, basketball and football at the University of Western Ontario. At Lawrence and Co., he organized and completed an office triathlon when he was in his mid-60s.

According to a statement released by the firm, he spent his final weekend playing tennis and canoeing with friends and family.

An advocate of low taxes and the reduction of government spending, Lawrence toured Canada in the 1990s advocating fiscal conservatism and warning of Canada's "looming debt crisis."

He felt vindicated when Finance Minister Paul Martin adopted some of his preferred positions in attempting to reduce the federal deficit.

Lawrence had four children with his first wife, from whom he separated in 1975, and two children with his second wife, Janice, whom he married in 1978.

In 2000, he told the Star that he regretted some of the hard work that allowed him to climb the corporate ladder so rapidly.

"I didn't spend as much time with the family as I should have," he said.

"I regret that. Everything in life is a trade-off. There were a few difficult years."


Dr Mike said...

Our condolences to the Family of Jack Lawrence.

Dr Mike & Mary Popovich

Anonymous said...

Deepest sympathies to the friends, family, colleagues and anyone else who is effected by the loss of Mr. Lawrence.

Thank you for posting this. It is important for Income Trust investors to know about the contributions towards the cause by individuals such as Mr. Lawrence.