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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. | |||