Chairman of the Board Eric Molson and Corporate Strategy: Letting CEOs Do Their Job… or Not
In 1988, Eric Molson became Chairman of the Board of The Molson Companies Ltd. (TMCL). Founded in 1786, the company focused on brewing until the mid-1960s, when it decided to diversify to fuel its growth. In 1988, TMCL had four main divisions: Brewing, Chemicals, Retail, and Sports (the Montreal Canadiens hockey team). Despite lingering doubts …