trust

63: Remote Operations — The Hudson’s Bay Company

For this episode we discuss the history of a classic firm which exercised remote operations as a matter of course and faced multiple pandemics during its early existence. The Hudson's Bay Company (HBC) was chartered in 1670 by King Charles II at a time when the French monopolized fur trading with Native Americans in modern-day Canada. From then, the English would establish its own robust fur trading industry, establishing hundreds of posts from the western shores of Hudson Bay all across modern western Canada. The case is exceptional in demonstrating the historical challenges of remote operations where communications were limited to letters sent annually with the fur shipments across the Atlantic. How could London possibly maintain oversight and exercise control under such conditions?