Patient Capital: Galen Weston on Canadian prosperity

As the fourth generation leader of a family business, Galen Weston recognizes the responsibility he shoulders – to his employees, his country, and his great-grandfather’s legacy. Weston’s Real Home-made Bread began in Toronto in 1882. Today, George Weston Limited is one of Canada’s largest private sector companies, with more than 200,000 employees. “It makes you think in decades, not in quarters,” he says. “You think about what is this company going to be not just a year from now, but 10 years from now, 20 years from now, 30 years from now.” In a frank and revealing conversation with Goldy Hyder on the Speaking of Business podcast, Weston discusses what he calls “patient capital” – his long-view approach to ensuring the company remains strong and vibrant for generations to come.  It’s a mindset he says Canada needs to adopt as a country, calling on public policymakers to think about how to create long-term prosperity. And he urges business leaders to be part of the discourse. “That unguarded dialogue about what's in the national interest could pay some meaningful dividends,” he says. Listen to the full interview, including his reflections on inflation, food prices and the challenges of leadership in the face of public scrutiny, on the Speaking of Business podcast. Revealing conversations with influential innovators, entrepreneurs and leaders. Listen to more episodes here: thebusinesscouncil.ca/podcasts/