Former CEO and minority owner Daniel Castilloux asked B.C. Supreme Court for an order forcing Mitchell Press Ltd. to be sold off so he could get money for his shares.
A former CEO and minority shareholder has failed in his attempt to have a 96-year-old Burnaby printing company liquidated after it terminated him two years ago.
Today, Mitchell is Canada’s third largest commercial printing company, with 109 employees operating out of a 64,000-square-foot facility at 8328 Riverbend Court – a property valued at well over $20 million, according to the ruling. His grievances burst to the surface in November 2020, when Castilloux gave David Mitchell a "dressing down" in front of the company's CFO, accusing David Mitchell of "doing basically nothing for 28 years" and saying he was tired of "carrying" him, the ruling said.
"Mr. Mitchell considered this behaviour absurd, impractical, and insulting to all the employees who were following the rules and keeping the company afloat in difficult times," the ruling said. Termination Castilloux was finally fired on March 21, 2022 for ignoring the terms of an "expectation document" designed to improve communication between him and David Mitchell and to prevent Castilloux from making major decisions without consulting with him – including trying to fire the company's CFO and buying a $300,000 Kodak printer.
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