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Robert Maguire Ugland (1872-1957) was a British brewer and industrialist who founded the Tortuga factory in the British West Indies and who, having made his | [[File:Ugland House|400px|thumb|right|The building which stands today in memory of Robert Maguire Ugland]] | ||
'''Robert Maguire Ugland''' (1872-1957) was a British brewer and industrialist who founded the [[Cayman Islands rum cake|Tortuga]] factory in the [[Cayman Islands|British West Indies]] and who, having made his fortune exporting rum cakes, devoted the autumn years of his life to corporate philanthropy. | |||
He set up his first shelter — a safe house for lost and wayward corporate fictions, in Bermuda in 1923, and later in 1941 established a colossal facility for unwanted limited liability corporations, general partnerships, Delaware subsidiaries, corporeal trust entities and fiduciaries in the then uninhabited [[Cayman Islands]]. | |||
:''“Give me your poor, huddled, lost little [[special purpose vehicle]]s of the world. Give them to me. I will feed them. I will shelter them, just as they will shelter you, and your taxable income.” | :''“Give me your poor, huddled, lost little [[special purpose vehicle]]s of the world. Give them to me. I will feed them. I will shelter them, just as they will shelter you, and your taxable income.” | ||
Ugland’s legacy today is the grand, five story Spanish frontage to [[UGland House]] which, to this day, houses tens of thousands of [[orphan ownership|orphan]] companies. | |||
Revision as of 14:32, 26 October 2017
Robert Maguire Ugland (1872-1957) was a British brewer and industrialist who founded the Tortuga factory in the British West Indies and who, having made his fortune exporting rum cakes, devoted the autumn years of his life to corporate philanthropy.
He set up his first shelter — a safe house for lost and wayward corporate fictions, in Bermuda in 1923, and later in 1941 established a colossal facility for unwanted limited liability corporations, general partnerships, Delaware subsidiaries, corporeal trust entities and fiduciaries in the then uninhabited Cayman Islands.
- “Give me your poor, huddled, lost little special purpose vehicles of the world. Give them to me. I will feed them. I will shelter them, just as they will shelter you, and your taxable income.”
Ugland’s legacy today is the grand, five story Spanish frontage to UGland House which, to this day, houses tens of thousands of orphan companies.