Mining industry stalwart Terry Salman surfed waves in the military and business, but remains an enigma

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Mr. Salman’s bestselling memoir, What We Give, chronicles Vietnam, mining and philanthropy

Canadian mining industry stalwart Terry Salman was part of the first U.S. Marines unit to enter a Vietnam combat zone in 1965. A mortar section team leader, Mr. Salman quickly made sergeant. During his one-year tour of duty, he shed 50 pounds from his already lean physique, and his hearing was permanently damaged from mortar fire.

More than anything, the book is the story of an ordinary man doing extraordinary things. He couldn’t get in a plane for eight years following the his wartime service. Not only would he eventually get over his phobia, he learned to fly himself. The title of Mr. Salman’s memoirs comes from a Winston Churchill quote that is referenced in the book.

The dubious nature of the likely misattributed Churchill quote aside, there is little doubt that Mr. Salman lived by the motto. Not only was he willing to die in combat for a country that he wasn’t even born in, he gave back through decades of philanthropy work. Among his numerous roles were serving as chair of the foundation for St. Paul’s Hospital in Vancouver, raising $36-million for causes such as AIDS research and treatment. He was also chair of the Vancouver Public Library Foundation.

After Nesbitt was taken public in 1987, Mr. Salman became an overnight millionaire, owing to the equity he owned. When Nesbitt was acquired by Bank of Montreal, Mr. Salman decided to strike out on his own, founding his own investment bank. There’s the obligatory description of Robert Friedland’s unbelievably magnetic personality, and his keynotes that enthrall. There’s mention of people getting on Mr. Friedland’s private jet and not getting off for weeks. Mr. Salman himself rode on the jet across Africa and Australia. He writes that Mr. Friedland “entertained investors like no one I had ever seen before,” yet there are no details. So readers will no doubt wonder what really happened during those flights.

 

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