World Encyclopedia of Entrepreneurship
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World Encyclopedia of Entrepreneurship

Edited by Léo-Paul Dana

This comprehensive reference work, written by some of the most eminent academics in the field, contains entries on numerous aspects of entrepreneurship.
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Chapter 26: The Hudson’s Bay Company

Lynn Ferguson


Lynn Ferguson Chartered on 2 May 1670, the Hudson’s Bay Company (HBC) is the oldest incorporated joint-stock merchandising company in the English-speaking world. King Charles II approved the charter incorporating the group as ‘The Governor and Company of Adventurers of England trading into the Hudson’s Bay’. These were the signatories of the Royal Charter – the original investors of the ‘The Governor and Company of Adventurers of England trading into the Hudson’s Bay’: 1. Prince Rupert – Count Palatine of the Rhine, Duke of Bavaria and Cumberland, Earl of Holderness, the first Governor of ‘Rupert’s Land’ and dear cousin to King Charles II. Sir George Carteret – considered to be the wealthiest man in England at the time. Anthony Ashley Cooper, Lord Ashley, Earl of Shaftesbury – recognized as the ‘Father of modern Liberalism’. Christopher Monck, 2nd Duke of Albemarle – Member of Parliament for Devonshire, Gentleman of the Bedchamber, Lord Lieutenant of Devon. Sir James Hayes – Barrister-at-law and Member of Parliament. Sir Robert Vyner – Prince of the Goldsmiths, Controller of the Mint, and Sheriff and Lord Mayor of London. Sir John Robinson – an administrative wizard holding the positions of Committeeman of the East India Company, Court Assistant (chief lobbyist) for the Levant Company, Lord Lieutenant of the Tower of London, Member of the House of Commons, Colonel of the Green Regiment, preceded Sir Robert Vyner as the Lord Mayor of London and acted as the first Deputy Governor of the Hudson’s Bay Company from 1670 to 1673. Sir William Craven, Earl of Craven – had...

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