03/14/2014 08:20 EDT | Updated 03/17/2014 11:59 EDT

Canada Just Moved One Step Closer To Getting Rid Of Kevin O'Leary

NEW YORK, NY - MARCH 04: Kevin O'Leary, an investor on the television show 'Shark Tank' is seen on the floor of the New York Stock Exchange on the afternoon of March 4, 2014 in New York City. Stocks rebounded sharply today after dropping yesterday, on fears of a conflict between Russia and Ukraine. (Photo by Andrew Burton/Getty Images)

Canada just moved one step closer to removing Kevin O'Leary from the airwaves.

The man who thinks the massive gulf between rich and poor is "fantastic" is leaving CBC's Dragons Den.

O'Leary will continue to market his trademark brand of arch-capitalist condescension on CBC's The Lang & O'Leary Exchange, a role he managed to keep despite being reprimanded in 2011 by the CBC's ombudsman for violating the network's journalistic standards.

The censure was the result of hundreds of complaints filed after O'Leary called Occupy Wall Street Protesters "nothing burgers" and described guest Chris Hedges as a "left-wing nutbar." Hedges was a foreign correspondent for the New York Times for 15 years and part of a team of reporters that was awarded the Pulitzer prize in 2002.

O'Leary isn't quite ready to give up on telling other entrepreneurs how inferior they are to him. He'll continue to radiate smug on Shark Tank, the U.S. spinoff of Dragons Den.

In another sign that O'Leary has realized Canada is becoming increasingly tired of his self-aggrandizement schtick, he has been appearing more regularly of late on the U.S. cable news network CNBC. In January he made a fool of himself on the network when it became evident that he had not read the article his segment was based upon.

Internet entrepreneur Bruce Croxon will also be leaving Dragons Den.

Croxon and O'Leary will be replaced by financier Micahel Wekerle and restauranteur Vikram Vij. Current Dragons Arlene Dickinson, Jim Treliving and David Chilton will keep their roles.

The changes will take effect this spring.

We're halfway there Canada.

Also on HuffPost

Photo gallery Kevin O'Leary's Photography See Gallery