Over the course of four years, Edmonton Oilers owner Daryl Katz has gone from local hero to shady business man.  Why the change in perception? One can easily point to his demands for a new arena, funded by taxpayer dollars. Or to his subtle threats to move the team to Hamilton, Quebec City or Seattle. But in the case of Daryl Katz, there’s something deeper than these recent events that has changed his public image. And unfortunately for Katz, these changes are difficult to reverse.

Background

Daryl Katz is chairman and CEO of the Katz Group, which owns and operates over 1,800 drug stores in North America. As of March 2012, Forbes estimates Katz’ net worth to be $2 billion, ranking him 13^th in Canada, and 634^th in the world. Born and raised in Edmonton, Katz is the quintessential local-boy-who-did-good story. He attended the University of Alberta. Started…