Rotman School of Management, University of Toronto

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Experts Discuss - Big Tech: Monopoly’s Second Moment?

8:30 am – 12:30 pm EDT Livestreamed Conference

Event Details

Conference

Date: Friday October 02, 2020 | 08:30 AM - 12:30 PM
Speaker(s): Keynote Guests:
Dr. Richard Langlois, Department of Economics, University of Connecticut
The Hon. Dr. Kevin G. Lynch, P.C., O.C., Ph.D., LL.D, Former Clerk of the Privy Council

Panelists:
Dr. Elizabeth Acorn, Assistant Professor, Dept. of Political Science, University of Toronto
Dr. Michael Aldous, Senior Lecturer, Queen’s Management School, Queen’s University, Belfast
Dr. Gillian Hadfield, Director, Schwartz Reisman Institute for Technology and Society, University of Toronto
Mr. Lawson A.W. Hunter, Senior Counsel, Stikeman Elliott LLP
Mr. Simon Kennedy, Deputy Minister, Innovation, Science and Economic Development Canada
Ms. Claudette McGowan, Global Executive Officer for Cyber Security, TD Bank
Dr. Taylor Owen, Associate Professor, Max Bell School of Public Policy & Beaverbrook Chair in Media, Ethics and Communications, McGill University
Mr. Victor Tung, Executive Vice President U.S Chief Technology & Operations Officer & Chief Operating Officer, BMO Financial Group

Moderators:
Mr. David Skok, CEO & Editor-in-Chief, The Logic
Mr. David Walmsley, Editor-in-Chief, The Globe and Mail

Conference Co-Chairs:
Dr. Dimitry Anastakis, The Wilson/Currie Chair in Canadian Business History, Rotman School of Management, University of Toronto
Dr. Laurence B. Mussio, Co-Founder & Director, Long Run Initiative (LRI)
Topic: Big Tech: Monopoly’s Second Moment? The Evolution and Trajectory of Government Policy and Corporate Strategy
Venue:

Please register to receive the link to the livestream.

Location: Online
Cost: Free. All are welcome. Pre-registration is required.
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Synopsis: This free half-day conference focuses on one of the great public policy challenges of our time: the power of Big Tech. Across the North Atlantic world, governments and publics are coming to grips with the implications of just how large and powerful the FAANG companies – Facebook, Amazon, Apple, Netflix and Google (Alphabet) – have become.

Bringing together academics, policy makers and corporate executives for evidence-led discussions on this key 21st century challenge, the conference also explores how our experience with historical monopolies can provide meaningful insight.

We are pleased to welcome the Hon. Dr. Kevin Lynch, former Clerk of the Privy Council, and Dr. Richard Langlois,  Professor of Economics, University of Connecticut, who will each feature in a virtual fireside conversation. The event will also include two panel discussions with participants drawn from the senior ranks of government and business. Each session will include time for audience questions.

For full conference details, please visit the conference website.

8:30 – 8:40 am

OPENING REMARKS
Conference Co-Chairs

  • Dr. Dimitry Anastakis, The Wilson/Currie Chair in Canadian Business History, Rotman School of Management, University of Toronto
  • Dr. Laurence B. Mussio, Co-Founder & Director, Long Run Initiative (LRI)

8:40 – 9:00 am

FIRESIDE WITH DR. RICHARD LANGLOIS

Hunting the Big Five: Twenty-First Century Anti-Trust in Historical Perspective

  • Dr. Richard Langlois, Professor of Economics, University of Connecticut
  • Dr. Dimitry Anastakis, Rotman School of Management

9:00 – 10:20 am

INTERNATIONAL PERSPECTIVES ON BIG TECH AND ANTI-TRUST

The tension between oligopolistic technology firms reflects one of the most compelling episodes of anti-trust debate in corporate history, with long-term implications for today and the future. Attempts to rein in anti-competitive behaviour in the United States and the European Union are complicated by the evolving legal landscape, various nationalist pressures, and broader questions over the role of the state in regulating technology, culture, information. Questions also arise about the very nature of consumption. This session will address how governments and these companies are responding to the challenges.

Panelists

  • Dr. Gillian Hadfield, Director, Schwartz Reisman Institute for Technology and Society, University of Toronto
  • Ms. Claudette McGowan, Global Executive Officer for Cyber Security, TD Bank
  • Mr. Victor Tung, Executive Vice President U.S Chief Technology & Operations Officer & Chief Operating Officer, BMO Financial Group
  • Dr. Michael Aldous, Senior Lecturer, Queen’s Management School, Queen’s University, Belfast

Moderator

  • Mr. David Walmsley, Editor-in-Chief,The Globe and Mail

10:20 – 10:40 am BREAK

 

10:40 – 11:00 am

FIRESIDE WITH THE HON. DR. KEVIN G. LYNCH

Anti-Trust in a Digital World: Do Old Problems Require New Solutions?

  • The Hon. Dr. Kevin G. Lynch, P.C., O.C., Ph.D., LL.D, Former Clerk of the Privy Council
  • Dr. Laurence B. Mussio, Long Run Initiative

11:00 – 12:20 pm

CANADIAN PERSPECTIVES WITHIN INTERNATIONAL CONSIDERATIONS

What are the possible Canadian responses, in both public policy and corporate strategy, to the grand challenges posed by Big Tech and the corporate or institutional forms it takes? The challenges are multifaceted: they are also made more complex for countries outside the superpower or bloc structure (USA, China, EU) whose companies and governments have to find a middle way with relatively limited leverage. This session will discuss the various aspects of a global challenge in a national context.

Panelists

  • Mr. Simon Kennedy, Deputy Minister, Innovation, Science and Economic Development Canada
  • Mr. Lawson A.W. Hunter, Senior Counsel, Stikeman Elliott LLP
  • Professor Taylor Owen, Max Bell School of Public Policy & Beaverbrook Chair in Media, Ethics and Communications, McGill University
  • Dr. Elizabeth Acorn, Assistant Professor, Dept. of Political Science, University of Toronto

Moderator

  • David Skok, CEO & Editor-in-Chief,The Logic

12:20 – 12:30 pm

CLOSING REMARKS

Conference Co-Chairs

  • Dr. Laurence B. Mussio, Long Run Initiative
  • Dr. Dimitry Anastakis, Rotman School of Management

 

BIOGRAPHIES
In alphabetical order


DR. ELIZABETH ACORN is a member of the political science department at the University of Toronto, Scarborough. Her research focuses on international law and international relations and the governance of transnational corporations. Elizabeth is currently working on a book manuscript that examines international anti-corruption law and its implementation in Canada and other advanced industrial economies. She completed her PhD in Government at Cornell University and a postdoctoral fellowship at Yale University. Prior to her doctoral studies, Elizabeth practiced law for several years in New York and Ontario, specializing in commercial litigation and internal investigations.

 

DR. MICHAEL ALDOUS is a business historian with an interest in the ownership and organization of firms. His research examines the long-run evolution of forms of business ownership and organization, and he is interested in understanding why different business forms are used, and how these choices affect the performance of individual firms, industries and the wider economy. Michael holds a BA in History and American Studies from the University of Nottingham, an MBA from IE Business School, Madrid, and an MSc and PhD in Economic History from the London School of Economics and Political Science. He has published in leading business history journals, including Business History, Enterprise and Societ, and the Business History Review.

 

DR. DIMITRY ANASTAKIS is the L.R. Wilson and R.J. Currie Chair in Canadian Business History at the University of Toronto in the Department of History and the Rotman School of Management. A Member of the College of New Scholars, Artists and Scientists of the Royal Society of Canada, Professor Anastakis’s work addresses the intersection of business, the state and politics, and globalization, particularly in the post-1945 period in Canada. He has published nine books and edited collections, including three books on the development of the Canadian auto industry. His current research looks at the infamous 1970s Bricklin car venture in New Brunswick and its broader meaning in North America, and a project on the issue of free trade in Canada within the context of neoliberalism’s emergence. Professor Anastakis is the former co-editor of the Canadian Historical Review, was the first chair of the Canadian Business History Association, which he helped launch, and is a former Fulbright Chair in Canadian Studies at Michigan State University.

 

DR. GILLIAN K. HADFIELD is the director of the Schwartz Reisman Institute for Technology and Society. She is the Schwartz Reisman Chair in Technology and Society, professor of law and of strategic management at the University of Toronto, a faculty affiliate at the Vector Institute for Artificial Intelligence, and a senior policy advisor at OpenAI. Her current research is focused on innovative design for legal and regulatory systems for AI and other complex global technologies; computational models of human normative systems; and working with machine learning researchers to build ML systems that understand and respond to human norms.

 

MR. LAWSON A.W. HUNTER is one of Canada’s renowned regulatory and government relations counsels, drawing on a wide range of experience in business, government and private practice. Lawson was recognized as the 2016 recipient of the Chambers Canada Lifetime Achievement award for his prominent practice and global reputation as a leading life-time practitioner and influential member of the Canadian bar. Formerly Canada’s senior civil servant in charge of competition policy and enforcement, Lawson was primarily responsible for the drafting of the federal Competition Act. From 1993 to 2003, he was a partner of Stikeman Elliott and head of the firm’s Competition/Antitrust Group. From 2003 to 2008, he served as executive vice-president and chief corporate officer of Bell Canada and BCE Inc., where he was responsible for overseeing regulatory governmental relations and corporate affairs. In September 2008, he rejoined the Ottawa office of Stikeman Elliott as counsel. From April 2010 to May 2012, Lawson assumed the role of head of the Competition and Foreign Investment Group and then returned to his role as senior counsel.

 

MR. SIMON KENNEDY, Deputy Minister, Innovation, Science and Economic Development Canada, began his career with the public service in 1990 and has served in a variety of progressively senior roles in seven different organizations, several as the deputy minister. Prior to his current assignment, he served as Deputy Minister of Health from January 2015, where among other achievements he led implementation of the government's initiative to legalize and regulate cannabis, including passage of the Cannabis Act. As the Canadian lead on the bi-national Beyond the Border Working Group, he negotiated with the White House the 2011 Canada-U.S. Action Plan for Perimeter Security and Economic Competitiveness. He also served as the Prime Minister's personal representative, or "Sherpa," to the G20 from 2012 to 2014.

He holds degrees from Mount Saint Vincent University and Syracuse University and is a graduate of INSEAD's Advanced Management Programme. Mr. Kennedy received his ICD.D designation from the Institute of Corporate Directors (ICD) and is co-chair of the ICD Ottawa Chapter. He has served on the boards of a variety of organizations, including the Ottawa Community Foundation, Mental Health Commission of Canada, and the Governing Council of the Canadian Institutes of Health Research, among others.

 

DR. RICHARD LANGLOIS is Professor of Economics at the University of Connecticut. A native of northeastern Connecticut, he was educated at Williams, Yale, and Stanford. He has been a visiting Senior Fellow at the Wharton School, University of Pennsylvania; an Adjunct (Honorary) Professorship at the Copenhagen Business School; and a Distinguished Professor in the School of Economics and Business Sciences, University of the Witwatersrand, Johannesburg, South Africa.

Professor Langlois’s principal research is the economics of organizations and institutions. He is the author (with Paul L. Robertson) of Firms, Markets, and Economic Change: A Dynamic Theory of Business Institutions (Routledge, 1995), which articulates (among other things) the theory of dynamic transaction costs and the theory of modular technological systems. Another focus of Professor Langlois’s work has been the economic history of technology. He has written on such industries as computers, semiconductors, semiconductor manufacturing equipment, and software. His history of the microcomputer industry won the Newcomen Award as the best article in Business History Review in 1992. Recently, Professor Langlois has turned his attention to explaining the changes in corporate organization in the late twentieth century, a set of phenomena he refers to as the Vanishing Hand. His latest book, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007), received the 2006 Schumpeter Prize of the International Joseph A. Schumpeter Society. He is currently at work on a major book project called The Corporation and the Twentieth Century.

Professor Langlois received the Provost’s Research Excellence Award from the University of Connecticut (2006); the Faculty Excellence Award in Research (Humanities/Social Sciences) from the University of Connecticut Alumni Association (2007); and the Research Excellence Award (Social Sciences) from the UConn College of Liberal Arts and Sciences (2015). He is a founding co-editor of the Journal of Institutional Economics (Cambridge University Press) and was named a founding Honorary President of the World Interdisciplinary Network for Institutional Research (2013).

 

THE HON. DR. KEVIN G. LYNCH P.C., O.C., Ph.D., LL.D, held the position of Vice Chairman of BMO Financial Group from 2010 to 2020. Prior to that, he was a distinguished former public servant with 33 years of service with the Government of Canada. He served as the Clerk of the Privy Council and Secretary to the Cabinet, which is the most senior position in the federal public service, as well as Deputy Minister of Finance, Deputy Minister of Industry and Executive Director for Canada at the International Monetary Fund.

Dr. Lynch chairs the Board of Directors of SNC Lavalin and is a director of CN Railway and a trustee of the Killam Trusts. As well, Dr. Lynch is a Director of Communitech and the Asia Pacific Foundation of Canada.

Previously, Dr. Lynch served on the boards of the Bank of Canada, CNOOC Limited, Empire (Sobeys), Canadian Deposit Insurance Corporation (CDIC), the Business Development Bank of Canada (BDC), BMO China and the Cape Breton Development Corporation.  As well, he served on the boards of a number of not-for-profit organizations including: the Governor General’s Rideau Hall Foundation, the Ditchley Foundation of Canada (Chair), the Accounting Standards Oversight Council (ASOC), the Ontario Rhodes Scholarship Selection Committee, the Princess Margaret Hospital Foundation, the Gairdner Foundation, and the Perimeter Institute.

Dr. Lynch is the past Chancellor of the University of King’s College, the past Chair of the Board of Governors of the University of Waterloo and a Senior Fellow of Massey College. Since retiring from government, he has written over 140 policy Op Ed’s and articles and speaks frequently at conferences in Canada and abroad.

Dr. Lynch earned his BA from Mount Allison University, a Masters in Economics from the University of Manchester and a doctorate in Economics from McMaster University.  He was made a Member of the Queen’s Privy Council for Canada in 2009, was appointed an Officer of the Order of Canada in 2011, has received 11 honorary doctorates from Canadian Universities and was awarded the Queen’s Golden and Diamond Jubilee Medals for public service.

 

MS. CLAUDETTE MCGOWAN is a global information technology leader with more than 18 years of success leading digital transformations, optimizing infrastructure and designing new approaches that improve service experiences. She has worked in the technology industry for several organizations such as Deloitte,Metropolitan Police Services, North York General Hospital, Bank of Montreal and TD Bank. Claudette began her career at BMO in 2000 and held multiple senior leadership roles including Chief Information Officer, Enterprise Technology Employee Experience. In 2020, she joined TD Bank as Global Executive Officer for Cyber Security. In her spare time, Claudette writes books for children, builds robots and is the founder of the Black Arts & Innovation Expo. Claudette holds a Bachelor of Arts from Lakehead University and a Master of Business Administration from Athabasca University.

She is the recipient of several prestigious awards: In January 2020, she was selected as an honoree at the Jamaican Canadian Association’s 20th International Women’s Day event for her ground-breaking work in STEM. In 2019, Toronto Life recognized her as one of the city's Top 50 Most Influential Torontonians, Women’s Executive Network recognized her as one of the Top 100 Most Powerful Women in Canada, AdWeek Magazine heralded Claudette as a Toronto Brand Star, and the Digital Finance Institute honoured her as one of the Top 50 Canadian Women in FinTech. In September 2019, Claudette also had the honour of moderating what is being hailed as ‘the most insightful one-on-one conversation’ with Former First Lady of the United States, Michelle Obama, in front of a sold-out crowd of 3,000-plus at Elevate, Canada’s largest technology festival.

 

DR. LAURENCE B. MUSSIO is an author, research scholar, university instructor and frequent commentator on corporate and public policy. He is also one of Canada’s premier historians of business and enterprise. He currently serves as a Special Advisor to the Office of the Chief Executive Officer, BMO Financial Group. Dr. Mussio is CEO of Signal Influence Executive Research & Communications, Inc. (SIERC), a consulting firm specializing in the strategic application of organizational experience for senior leadership. He is also a Co-Founder and Director of the Long Run Initiative (LRI), an international project whose mission is to deliver context, analysis and understanding of the long-run experience of firms, markets and governments to support better corporate and public policy decision making. Dr. Mussio currently teaches in the MBA Program at the Schulich School of Business, York University, and is the author of several books, articles and op-eds on a variety of subjects. His latest book is a land-mark analysis of the long-run experience of Bank of Montreal, Whom Fortune Favours: Bank of Montreal and the Rise of Canadian Finance, Volume 1 & 2 (Vol.1: A Dominion of Capital, 1817-1945; Vol. 2: Territories of Transformation, 1946-2017), published by McGill-Queen’s University Press in 2020. The book is available through Amazon and Chapters Indigo.

 

DR. TAYLOR OWEN is a CIGI senior fellow and the editor of Models for Platform Governance. He is an expert on the governance of emerging technologies, journalism and media studies, and on the international relations of digital technology. As part of his work at CIGI, Taylor will be working on issues of international digital governance, as well as launching a podcast on the digital economy. Professor Taylor holds the Beaverbrook Chair in Media, Ethics and Communications and is an associate professor in the Max Bell School of Public Policy at McGill University. He was previously an assistant professor of digital media and global affairs at the University of British Columbia and the research director of the Tow Center for Digital Journalism at Columbia University. Taylor currently serves on the governing council of the Social Sciences and Humanities Research Council.

Taylor is the founder of the international affairs media platform OpenCanada.org. He is the author of, most recently, Disruptive Power: The Crisis of the State in the Digital Age (Oxford University Press, 2015), The Platform Press: How Silicon Valley Reengineered Journalism (Tow Center 2017, co-authored with Emily Bell) and Democracy Divided: Countering Misinformation and Hate in the Digital Public Sphere (Public Policy Forum 2018, co-authored with Edward Greenspon). His forthcoming book on Silicon Valley, journalism and democracy will be published by Yale University Press in early 2020.

 

MR. DAVID SKOK is the CEO & Editor-in-Chie of The Logic. Before founding The Logic in 2018, David was the associate editor and head of editorial strategy at the Toronto Star. He has also served as the managing editor and vice-president of digital for The Boston Globe, and as the co-creator and director of digital for Global News. David is a leading thinker on digital transformation who co-published a seminal paper on disruption in the news industry with the Harvard Business School professor Clayton M. Christensen. David sits on the advisory board for the Nieman Foundation for Journalism at Harvard University and has served as a juror for the Pulitzer Prizes in journalism.

 

MR. VICTOR TUNG is the U.S. Chief Technology and Operations Officer (U.S. CTOO) and Chief Operating Officer, Technology and Operations (COO T&O) for BMO Financial Group. He leads a global team that is responsible for transformation and integration across Technology and Operations. His mandate also includes the development and implementation of technology solutions for the bank's corporate and international banking areas.

In Victor's capacity as U.S. Chief Technology and Operations Officer, he is responsible for the strategic and operational governance processes of the U.S. T&O organization and ensuring that it is consistent with Enterprise direction. Further, he is responsible to ensure that the U.S. T&O organization operates in alignment with the U.S. Governance model.

Previously, Victor was Chief Information Officer, Corporate and International, Technology and Operations for the bank.

Victor is a graduate of the Rotman Executive Masters of Business Administration program, holds an Honours Business Administration degree from the University of Toronto Scarborough, has a Certificate in Human Resource Management from Woodsworth College, and earned his Global Professional Master of Laws from the University of Toronto's Faculty of Law in 2015.

Victor joined BMO Financial Group in 2012 as the Business Manager for Technology responsible for strategy, planning and the execution of technology initiatives. He was Chief Information Officer, Corporate and International Technology before his current executive appointment responsible for the technology solutions delivery for Human Resources, Marketing, Legal, Compliance, Procurement, Anti-Money Laundering, Corporate and International Technology.

Victor is well known as a respected thought leader in the technology industry and has been recognized as one of Canada's Top 40 Under 40. He is a member of AT&T's Global Advisory Council, sits on Coupa Technology's Executive Advisory Board and is a member of the Canadian Financial Services Cyber Security Governance Council.

As an advocate for continuous learning, Victor established the Victor Tung Scholarship which is awarded annually to a student in the Master of Management Analytics program at the Rotman School of Management. He also sits on two non-profit boards; Skills for Change, which supports new immigrants, and Ascend Canada, whose focus is on developing and enhancing Pan-Asian talent.

 

MR. DAVID WALMSLEY is The Globe and Mail's 12th editor-in-chief. He was appointed in March 2014, having previously served as Managing Editor. Under his editorship, The Globe and Mail has twice won the annual Michener Award for meritorious public service journalism as well as dominated the annual National Newspaper Awards.

The Globe and Mail won the global award for best data journalism in 2017 for its seminal investigation Unfounded.

David is a member of the World Editors' Forum of the World Association of Newspapers, a delegate to the World Economic Forum Davos, the creator of World News Day, a global day of action explaining the impact of important journalism and the most recent past chair of the Canadian Journalism Foundation.

David sits on the advisory board of the digital media zone at Ryerson University and is a board member of the Canadian Children's Literacy Foundation.

Last year he co-curated in Toronto a two-day symposium Shooting War involving the world's most important conflict photographers. David is now working with Professor Anthony Feinstein (University of Toronto) to devise the world's first Moral Injury scale for journalists.


Co-Hosted by: 



Long Run Initiative (LRI), Wilson/Currie Chair in Canadian Business History, Rotman School of Management, University of Toronto.

 

Questions: Dimitry Anastakis, dimitry.anastakis@utoronto.ca OR events@rotman.utoronto.ca, Megan Murphy, (416) 978-6122 


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