David John Sainsbury, Baron Sainsbury of Turville, FRS, HonFREng (born 24 October 1940) is an English politician, businessman and philanthropist. From 1992 to 1997, he served as the Chair of Sainsbury's, the supermarket chain established by his great-grandfather John James Sainsbury in 1869.
He was made a life peer in 1997 as a member of the Labour Party, and is on a leave of absence from the House of Lords since 15 July 2013. He served in the government as the Minister for Science and Innovation from 1998 and 2006.
The Lord Sainsbury of Turville
David Sainsbury in 2013
|Chancellor of the University of Cambridge|
|Assumed office |
16 October 2011
|Preceded by||Prince Philip|
|Parliamentary Undersecretary of State for Science & Innovation|
27 July 1998 – 10 November 2007
|Prime Minister||Tony Blair|
|Preceded by||John Battle|
|Succeeded by||Malcolm Wicks|
|Member of the House of Lords|
|Assumed office |
3 October 1997
currently on Leave of Absence (since 2013)
|Nominated by||Tony Blair|
|Appointed by||Elizabeth II|
David John Sainsbury
24 October 1940
|Relations||Alan Sainsbury (uncle)|
|Parents||Robert Sainsbury (father) |
Lisa van den Bergh (mother)
|Alma mater||Columbia Business School (MBA) |
University of Cambridge (BA)
He is the son of Sir Robert Sainsbury and Lisa van den Bergh. His elder sister was Elizabeth (married name Clark, 19 July 1938 – 14 August 1977) and his younger sisters are Celia and Annabel. He is the nephew of Lord Sainsbury. His cousins are the Conservative peer Lord Sainsbury of Preston Candover, Simon Sainsbury, and former Tory MP Sir Tim Sainsbury. His great-grandparents, John James Sainsbury and Mary Ann Staples, established a grocer's at 173 Drury Lane in 1869 which became the British supermarket chain Sainsbury's.
He attended Eton College before going on to the University of Cambridge, where he earned a degree in History and Psychology at King's College. He then completed an MBA at Columbia Business School in the United States.
The family lives in the Manor of Turville in Turville, Buckinghamshire. The Manor once belonged to the abbey at St Albans, but was seized by the Crown in the Dissolution of the Monasteries in 1547. The manor house has since been rebuilt as Turville Park, a fine stately home in the village.
He was made a life peer as Baron Sainsbury of Turville in the County of Buckinghamshire in 1997, following the Labour Party's election victory.
David Sainsbury joined the family firm, then known as 'J. Sainsbury Ltd.', in 1963, working in the personnel department. He became a director in 1966. He was Financial Controller from 1971 to 1973, just before the company's flotation.
When the company listed on the London Stock Exchange on 12 July 1973, at the time the largest flotation ever, his family retained control with an 85% stake. His father, Sir Robert Sainsbury, gave almost his entire stake in the company to David Sainsbury, his only son, whereas his uncle Alan Sainsbury split his stake in the business between his sons John Davan Sainsbury, Simon Sainsbury and Tim Sainsbury. John Davan Sainsbury became chairman in 1969 on Sir Robert Sainsbury's retirement.
He was the group's Finance Director from 1973 to 1990, during which time the company grew rapidly. He was Chair of Savacentre from 1984 to 1993, during which time the hypermarkets business grew slowly. He was deputy chairman from 1988 to 1992. On JD Sainsbury's retirement as chairman and chief executive on 2 November 1992, David Sainsbury became chairman.
In 1996, Sainsbury's announced its first drop in profits in 22 years, and the first of three profits warnings during his chairmanship was issued. Although there were senior management changes, which included David relinquishing the chief executive's role to Dino Adriano and becoming non-executive chairman, there were no new directors or outsiders appointed to the senior management team. Profits fell the next year, but rose in 1998. At this point, David Sainsbury, who had wanted to step down at the end of 1997, made a surprise announcement of his retirement as chairman to pursue his long-held ambition to have a career in politics, after "32 enjoyable and fulfilling years" working for Sainsbury's. Sainsbury's share price increased on the day of this announcement.
On his retirement as chairman, to avoid any conflict of interest, David Sainsbury placed his then 23% stake in Sainsbury's into a "blind" trust, to be administered by lawyer Judith Portrait. When David Sainsbury announced his intention to give away £1 billion to charity in 2005, his 23% stake was sold down, eventually to 12.9% by early 2007. His beneficial holding became just 7.75% when he regained control of his shares in February 2007 following his decision to step down as Science and Innovation Minister in November 2006. During the private equity takeover bid in the first half of 2007, David indicated he was willing to let the Sainsbury's board open its books for due diligence if someone offered him a price of 600 pence per share or more.
David Sainsbury retains a sizeable shareholding in his family's supermarket chain (around 5.85%). To further his philanthropy interests, he placed 92million of his shares (representing 5.28% of the Company's share capital), into his investment vehicle, Innotech Advisers Ltd (which donates all its dividends to charity), meaning his beneficial stake is just 0.57% (lower than JD's 1.6% beneficial interest). The Sainsbury family as a whole control approximately 15% of Sainsbury's. In the Sunday Times Rich List 2008 his family fortune was estimated at £1.3 billion.
David Sainsbury joined the Labour Party in the 1960s, but was one of the 100 signatories of the 'Limehouse Declaration' in an advertisement in The Guardian on 5 February 1981; he went on to be a member of the Social Democratic Party formed by the authors of the Declaration. After the 1983 election Sainsbury prompted the party to give more priority to recruiting members and finding a firm financial base; he was by far the biggest donor to the party, and a trustee, giving about £750,000 between 1981 and 1987. Sainsbury's donations were typically earmarked to specific projects rather than general day-to-day operations.
Along with David Owen, Sainsbury opposed merging the SDP with the Liberal Party after the 1987 election, and provided office space for Owen to help him re-establish a separate political party, the "continuing" SDP, which was created in 1988.
That party was wound up in 1990, and Sainsbury changed allegiance back to the Labour Party, rejoining them in 1996. A year later, he entered the House of Lords as a Labour peer, being created Baron Sainsbury of Turville, of Turville in the County of Buckinghamshire on 3 October 1997.
Between 1996, the year he rejoined Labour, and 2006, when he stood down as a government minister, Sainsbury donated £16 million to the Labour Party, usually in batches of £1 million or £2 million each year. He donated a further £2 million on 7 September 2007, stating that he was impressed by Gordon Brown's leadership and believed "that Labour is the only party which is committed to delivering both social justice and economic prosperity". He gave another £500,000 on 15 December 2008, making a total of £18.5 million. Sainsbury is associated with the Labour Friends of Israel.
It was reported in April 2006 that Sainsbury, "faced a possible probe into an alleged breach of the ministerial code after admitting he had failed to disclose a £2 million loan he had made to the Labour Party – despite publicly stating that he had." He subsequently apologised for "unintentionally" misleading the public, blaming a mix-up between the £2 million loan and a £2 million donation he had made earlier.
In July 2006, he became the first government minister to be questioned by police in the "Cash for Peerages" inquiry. On 10 November 2006, he resigned as Science Minister, stating that he wanted to focus on business and charity work. He categorically denied that his resignation had anything to do with the "Cash for Peerages" affair, stating that he was "not directly involved in whether peerages were offered for cash", although this was contradicted by subsequent press reports attributed to "Labour insiders" which suggested that his resignation was indeed a direct consequence of the affair.
From July 1998 to November 2006, he held the post of Parliamentary Under-Secretary of State at the Department of Trade and Industry, as the Minister for Science and Innovation in the House of Lords, a government position for which he accepted no salary.
Because of his importance to the Labour Party as a donor, contemporary press reports described him as "unsackable." He has argued that there are "far too many reshuffles", and that there were considerable benefits to his remaining in post for so long.
David Sainsbury has also been associated with the Institute for Public Policy Research and Progress. Between 2001 and 2011 he provided £2 million of funding for Progress. In 2009, he created the Institute for Government with £15 million of funding through the Gatsby Charitable Foundation to help government and opposition politicians to prepare for political transitions and government. Sainsbury donated £390,000 to Progress and the Movement for Change between December 2011 and April 2013, while he was not on a UK electoral register, which is contrary to electoral law, leading to Progress and the Movement for Change being fined by the Electoral Commission.
After the 2017 general election Sainsbury announced he will no longer provide financial backing to party political causes, but will donate to charitable causes. During 2016 he had donated £260,000 to Progress in addition to backing "Remain" organisations.
David Sainsbury founded the Gatsby Charitable Foundation in 1967. In 1993, he donated £200 million of Sainsbury's shares to the Foundation's assets. By 2009 the foundation had given £660 million to a range of charitable causes. In 2009, he allocated a further £465 million to the foundation, making him the first Briton to donate more than £1 billion to charity.
Sainsbury has donated £127 million of the Gatsby Charitable Foundation's money to Cambridge University in the last decade: he gave £45 million to the Cambridge University Botanic Garden in 2005. In 2011, Cambridge's Sainsbury Laboratory opened, paid for by an £82 million donation from the Gatsby Foundation made in 2008. It was hailed by the Financial Times as "one of the biggest donations ever made to a British university...surpassed only by a 2000 gift to the university by the Bill and Melinda Gates Foundation."
In 2013, together with his wife Susie, joined the Giving Pledge, the group started by Warren Buffett and Bill and Melinda Gates, pledging to donate half his fortune to charitable trusts during his lifetime.
In 2011, Lord Sainsbury was formally proposed by the Nominations Board of Cambridge University to succeed the Duke of Edinburgh as Chancellor of the University of Cambridge. If his election had not been contested by 17 June, he would have assumed office on 1 July. However, his nomination became the first in 163 years to be contested by another candidate when, on 29 May, local shopkeeper Abdul Arain, standing against Sainsbury in protest at a planning application for a Sainsbury's Local branch in Cambridge's Mill Road district, triggered a contest that would have to wait until an October ballot. Four days later, a group of Cambridge University alumni successfully drafted actor Brian Blessed as an alternative candidate. On 20 June, socialist barrister Michael Mansfield became the third candidate to oppose Sainsbury. An election took place on 14 and 15 October 2011 which Lord Sainsbury won with 52% of the votes (2893 votes out of 5558) on a 2.5% turnout and he was confirmed to the position on 16 October 2011.
David Sainsbury, a trustee and major benefactor of the SDP, as well as a dedictated Owenite
Sainsbury is unusually sensitive on the issue because of the close involvement of one of its shareholders, David Sainsbury, in funding the Remain campaign.
|archive-date=(help). Retrieved 29 June 2011.
HRH The Duke of Edinburgh
| Chancellor of the University of Cambridge
2011 – present
The 2006-2007 Life Peerages scandal (also known as Cash for Honours, Cash for Peerages, Loans for Lordships, Loans for Honours or Loans for Peerages) was a political scandal in the United Kingdom in 2006 and 2007 concerning the connection between political donations and the award of life peerages. A loophole in electoral law in the United Kingdom means that although anyone donating even small sums of money to a political party has to declare this as a matter of public record, those loaning money at commercial rates of interest did not have to make a public declaration.
In March 2006, several men nominated for life peerages by then Prime Minister Tony Blair were rejected by the House of Lords Appointments Commission. It was later revealed they had loaned large amounts of money to the governing Labour Party, at the suggestion of Labour fundraiser Lord Levy. Suspicion was aroused by some that the peerages were a quid pro quo for the loans. This resulted in three complaints to the Metropolitan Police by Scottish National Party MP Angus MacNeil, Plaid Cymru parliamentary leader Elfyn Llwyd, and a third individual who continues to remain unidentified, as a breach of the law against selling honours. The investigation was headed by Assistant Commissioner John Yates who later resigned over the News of the World phone hacking scandal. During the investigation various members of the Labour Party (including Tony Blair), the Conservatives and the Liberal Democrats were questioned, and Labour's Lord Levy was arrested and later released on bail. The investigation continued to have political impact throughout, as a range of stories continued to leak from the police investigation and damaged the government and Labour Party.Following the unveiling of the scandal the Labour Party had to repay the loans and was said to be in financial difficulty. The police investigation was long and involved. It expanded to encompass potential charges of perverting the course of justice, apparently relating to suspected attempts to present evidence to the police in a particular way. At one point the Attorney General, Lord Goldsmith, obtained an injunction against the BBC, preventing them from reporting a story they claimed was in the public interest while he argued that the story was sub judice. This raised the possibility of a conflict of interest, the Attorney General being a political appointee. Tony Blair was interviewed three times as Prime Minister, though only as a witness and not under caution.
After a long review of the police file, it was reported on 20 July 2007 that the Crown Prosecution Service would not bring any charges against any of the individuals involved. Their decision stated that while peerages may have been given in exchange for loans, it could not find direct evidence that that had been agreed in advance; this would have been required for a successful prosecution. Notwithstanding the lack of any charges, some considered that the investigation had severely undermined Tony Blair's position, and possibly hastened his resignation as Prime Minister.2011 University of Cambridge Chancellor election
The University of Cambridge Chancellor election, 2011 refers to a rare instance of a contested election for this position of Chancellor that occurred in October 2011, resulting in the choice of Lord Sainsbury of Turville to succeed the retiring incumbent Prince Philip, Duke of Edinburgh. The Duke had retired on 30 June 2011, shortly after his 90th birthday, having been Chancellor since December 1976. Three other candidates were nominated to oppose the candidate proposed by the university's Nomination Board; the post was won by Lord Sainsbury with 52% of the vote, with a simple majority required to avoid a runoff. Contesting the post were actor Brian Blessed, who finished second with 25% of the votes cast, barrister Michael Mansfield, QC with 17%, and local grocery-owner Abdul Arain with 6%. The election was the first time the Chancellorship had been contested since 1950, and the first actively fought contest since 1847. Although the election was conducted by the single transferable vote system, no transfers of votes were needed as Sainsbury secured a majority of first preference votes.Baron Sainsbury
Baron Sainsbury was created in 1962 for Alan Sainsburyin the Peerage of the United Kingdom.
There have been two other peers with the surname "Sainsbury" who included their surname as part of their titles; all are from the Sainsbury family, namesake of the supermarket chain Sainsbury's.
The three Sainsburys, in order of when they received their title, are: Alan Sainsbury, John Davan Sainsbury and David Sainsbury. The original Sainsbury's Supermarkets founder, John James Sainsbury, never officially received or held any Queen's honours.
The three peers are:
Alan Sainsbury, Baron Sainsbury, of Drury Lane in the Borough of Holborn (1902–1998) — John James's grandson (Labour)
John Davan "JD" Sainsbury, Baron Sainsbury of Preston Candover, of Preston Candover in the County of Hampshire (b. 1927) — Alan's eldest son (Conservative)
David Sainsbury, Baron Sainsbury of Turville, of Turville in the County of Buckinghamshire (b. 1940) — only son of Alan's only brother Robert (Labour)Cambridge Antibody Technology
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Columbia College of Columbia University
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Sir Adrian Cadbury
Anthony Clarke, Baron Clarke of Stone-cum-Ebony
E. M. Forster
Sir John Eliot Gardiner
Sir Nicholas Goodison
John Habgood, Baron Habgood
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