David Sainsbury joined J Sainsbury plc in 1963 after graduating from King's College, Cambridge. It was a period of rapid change in the grocery business. Data released on Thursday shows the central party attracted more than 6 million from individuals . The Sainsbury family as a whole control approximately 15% of Sainsbury's. Its very hard not to be enthusiastic working at the Abbey. He received the Andrew Carnegie Medal for Philanthropy on behalf of the Sainsbury family in 2003. When the company listed on the London Stock Exchange on 12 July 1973, at the time the largest flotation ever, his family retained control with an 85% stake. Lord Sainsbury started working in his family's business in 1950, initially taking on a role in the grocery department. Self . He was Financial Controller from 1971 to 1973, just before the company's flotation. Lord Sainsbury to be Cambridge University Chancellor, exit poll shows From 1992 to 1997, he served as chairman of Sainsbury's, the supermarket chain established by his great grandfather John James Sainsbury in 1869. David Sainsbury became Lord Sainsbury of Turville in October, 1997 and was appointed Minister of Science and Innovation from July 1998 until November 2006. John Davan Sainsbury became chairman in 1969 on Sir Robert Sainsbury's retirement. From July 1998 to November 2006, he held the office of Parliamentary Under-Secretary of State for Science and Innovation at the Department of Trade and Industry, serving in the House of Lords and accepting no salary. He retained the presidency of the company and led successful family opposition to a takeover bid by private equity companies in 2007. Despite . Thanks to Keir Starmers leadership, the Labour party is in a strong and positive financial position, having experienced significant growth in income throughout 2022, leaving us debt and deficit-free., Original reporting and incisive analysis, direct from the Guardian every morning, David Sainsbury: Keir Starmer wants to reunite the country around an agenda of growth and social justice, which is one I strongly support.. David Sainsbury - Powerbase [15][16], In July 2006, he became the first government minister to be questioned by police in the "Cash for Peerages" inquiry. He said he had backed the remain campaign because he believed strongly that coming out of Europe will be damaging to our economy and society, and dangerously so if we come out of the common market. More recently, he gave a huge 8m donation the biggest ever from an individual to the Lib Dems before the 2019 election. Get IQ. The Lord Sainsbury of Turville David Sainsbury HonFBA FMedSci HonFREng FRS. In his book, Windows of Opportunity: How Nations Create Wealth, Lord Sainsbury draws on his experience in business and government to assemble the evidence about how growth happens, arguing that it comes not as steady progress but in a series of jumps, based on investment in high value-added firms.He argues that the role of government in 'picking winners' should be at the level . Lord Sainsbury of Turville, Elected as Chancellor of Cambridge University. Find out more about how we use your personal data in our privacy policy and cookie policy. When he became chairman in 1969 the fourth generation in the family firm since its foundation in the mid-19th century its profit of 4.3m was half that of Tesco and a ninth of Marks and Spencer. I have a life-long interest in education and have supported many projects in schools and universities through my Charitable Foundation. Lord Sainsbury gave the UK's biggest ever political donation to the Liberal Democrats in the run up to last year's election, only for the party to lose a seat and its leader. David Sainsbury retains a sizeable shareholding in his family's supermarket chain (around 5.85%). Keir Starmers election war chest has been given an extraordinary boost after one of the biggest New Labour-era donors returned to the party fold with a 2m donation, the Observer can reveal. On JD Sainsbury's retirement as chairman and chief executive on 2 November 1992, David Sainsbury became chairman. In the Sunday Times Rich List 2008 his family fortune was estimated at 1.3 billion. Alan Sainsbury, Baron Sainsbury - Wikipedia Donations to the Tories actually fell by 40% in the third quarter of last year the last quarter for which figures are available. [10] The 'continuing' SDP was wound up in 1990, and Sainsbury changed allegiance back to the Labour Party, rejoining them in 1996. He was deputy chairman from 1988 to 1992. Over his long, active life he had two careers: as the titan that transformed the family grocery firm of Sainsburys into an iconic part of British life, and no less importantly, as a philanthropist who championed all aspects of the arts . With concerns that funding from Labours affiliated unions could drop after the days of Jeremy Corbyns leadership, the party has been on a concerted charm offensive to attract back the kind of business and individual donations that it received under Tony Blair and Gordon Brown. Tribute to Lord Sainsbury of Preston Candover, KG A loan, no questions asked? In 2001, the Sainsbury Trusts donated some $90 million to a wide range of good causes both in Great Britain and abroad. Lobbywatch.org Supermarket supremo Lord Sainsbury dies aged 94 Elected: 2008. Lord Sainsbury of Preston Candover obituary - The Guardian BBC News (14 July 2006), "Sainsbury quits 'in anger at loans affair', "Sainsbury sets out a different way of operating", "New Labour group Progress rejects GMB union 'outlaw' threat", "Sainsbury-backed Labour groups fined by Electoral Commission", "Electoral Commission fines Progress Ltd and Movement for Change failure to return impermissible donations", "The public wants to know where companies stand on Brexit", "Lord Sainsbury gives to Labour and Lib Dems", "UK's biggest political donor, Lord Sainsbury, to end his contributions", "Labour benefactor Lord Sainsbury donates 25,000 to Scottish Conservatives MP", "Tories raised three times as much as Labour in pre-election donations", "Lord Sainsbury becomes first Briton to donate more than 1 billion to charity", "Sainsbury David John | P/273 - Sainsbury; David John (1940- present); Baron Sainsbury of Turville; Sainsbury Family; Sainsbury's Chairman; politician | The people that made Sainsbury's | People | Sainsbury Archive", "The Queen opens new plant science laboratory at Cambridge Plant Science", "Sainsbury donates 82m for plant research", "Mill Road shopkeeper to take on Lord Sainsbury for Chancellorship", "Brian Blessed bids to be Cambridge chancellor", "Annual Review 2007: Principal's Review", David Sainsbury, Lord Sainsbury of Turville Official Website, Lord (David) Sainsbury of Turville DTI ministers, The Sainsbury Family and Lord (David) Sainsbury, Lord (David) Sainsbury: UK politics profile, SPEAK Profile of Lord (David) Sainsbury of Turville, David Sainsbury Forbes.com: Forbes World's Richest People, David Sainsbury of Turville and Software Patents, The Sainsbury Laboratory funded by The Sainsbury Family Charitable Trusts, Sainsbury Laboratory Cambridge University, The Centre for Mental Health, funded by The Sainsbury Family Charitable Trusts, Orders of precedence in the United Kingdom, Chancellors of the University of Cambridge, Thomas Pelham-Holles, 1st Duke of Newcastle, John Sainsbury, Baron Sainsbury of Preston Candover, https://en.wikipedia.org/w/index.php?title=David_Sainsbury,_Baron_Sainsbury_of_Turville&oldid=1134482489, Presidents of the British Science Association, Members of the American Philosophical Society, Pages containing links to subscription-only content, Articles lacking in-text citations from September 2022, Short description is different from Wikidata, Articles needing additional references from September 2022, All articles needing additional references, Articles with unsourced statements from April 2020, All Wikipedia articles needing clarification, Wikipedia articles needing clarification from April 2020, Wikipedia articles needing factual verification from April 2020, Articles with unsourced statements from April 2015, Articles with unsourced statements from April 2022, Creative Commons Attribution-ShareAlike License 3.0, In 1994, Sainsbury was appointed as an Honorary, In 2001, he was elected an international member of the, In 2007, he was awarded an honorary degree in science by, In 2007, he was awarded an honorary doctorate from, In 2008, he was awarded an honorary degree in science by the, In 2008, he was made an honorary fellow of the, This page was last edited on 18 January 2023, at 22:48. Lord David Sainsbury Chancellor of the University of Cambridge, UK David Sainsbury read History and Psychology at King's College, Cambridge, and then joined J Sainsbury plc in 1963. [39] If his election had not been contested by 17 June, he would have assumed office on 1 July. 1m? The former chairman and chief executive of major supermarket giant Sainsbury's, Lord Sainsbury of Preston Candover, has died aged 94. Lord Sainsbury of Preston Candover dies, aged 94 - The Telegraph John James Sainsbury (c.1844 - c.1928), co-founder of the Sainsbury's supermarket chain. According to the directors' report of 2001, "Christopher Stone, Andrew Cahn and John Rosenheim are . His book,Windows of Opportunity: How Nations Create Wealthwas published in February 2020. FT Alphaville Stacy-Marie Ishmael. Dedicated to the memory of John Sainsbury, 2 November 1927 - 14 January 2022. Lord Sainsbury of Preston Candover obituary Fourth-generation head of the family supermarket chain and generous philanthropist to the arts whose mantra was 'retail is detail' Tuesday January 18. By Peter McLaren-Kennedy 15 January 2022 7:47. He subsequently apologised for "unintentionally" misleading the public, blaming a mix-up between the 2 million loan and a 2 million donation he had made earlier. Contact a member of the House of Lords - UK Parliament Product ID: 2682768 / SCAN-IND-02682768. In 2007 he produced for the Government a review of the Governments science and innovation policies, The Race To The Top. The Queen meeting Lord and Lady Sainsbury on May 22 2019 in central London during a celebration of the store's 150th anniversary (Image: Sainsbury's) Group 28 Our free email updates are the best . Wednesday, 28 February, 2007. Sainsbury's share price increased on the day of this announcement. It was very much a family firm: he succeeded his uncle, Sir Robert Sainsbury, as head of the business, and on retirement passed the chairmanship on to Sir Roberts son David Sainsbury: a not entirely happy arrangement, as his cousin, 13 years his junior, did not seem as committed to the grocery business as he was. [39] However, his nomination became the first in 163 years to be contested by another candidate when, on 29 May, local shopkeeper Abdul Arain stood in protest at a planning application for a Sainsbury's Local branch in Cambridge's Mill Road district, triggering a contest that would have to wait until an October ballot. Sainsbury has been a long-time patron of the socialist society Scientists for Labour. He was Chair of Savacentre from 1984 to 1993, during which time the hypermarkets business grew slowly. The flagship of this fleet of trusts is the Gatsby Charitable Foundation. John McDonnell, the shadow chancellor under Corbyn, has previously suggested that the peer should be expelled for his support of the Lib Dems. [38], In 2011, Sainsbury was formally proposed by the Nominations Board of Cambridge University to succeed the Duke of Edinburgh as Chancellor of the University of Cambridge. For information about our privacy practices, please visit our "[37], In 2013, together with his wife Susie, he joined the Giving Pledge, the group started by Warren Buffett and Bill and Melinda Gates, pledging to donate half his fortune to charitable trusts during his lifetime. Sainsbury Family - Principal Members of The Sainsbury Family The other theory could be that the most senior members of the family, with previous stakes of over 3% (the reportable stock exchange shareholding threshold), could have simply transferred some of their shares to their children (who previously held few shares), rather than having sold shares onto the open market. In announcing the passing, Scicluna said: "We are all deeply saddened to learn of the death of our Life . Registered Charity No. Please complete the boxes below and click the submit button. John Sainsbury, Baron Sainsbury of Preston Candover, KG (1927-2022), best-known as the former Chairman of one of the UK's largest supermarket chains, has died aged 94. Ivor Crewe, Anthony King, "SDP: The Birth, Life and Death of the Social Democratic Party", Oxford University Press, 1995, p. 94. Lord Sainsbury at a Wedding in Berkshire. Michael Savage on Twitter lord sainsbury contact. It is highly unusual for a minister to stay in the same job so long. During the private equity takeover bid in the first half of 2007, David indicated he was willing to let the Sainsbury's board open its books for due diligence if someone offered him a price of 600 pence per share or more.
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