Power Corporation of Canada TSX: POW.SV is a major Canadian company with assets in North America and Europe in a number of industries. These industries include media, pulp and paper, and financial services. Image File history File links PCC_logo. ... A public company usually refers to a company which is permitted to offer its securites (i. ... The Toronto Stock Exchange (TSX) is Canadas largest stock exchange, and the division of the TSX Group that holds senior equities. ... This article needs cleanup. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Ongoing events • Abramoff-Reed gambling scandal • Al Jazeera bombing memo • Avian influenza (H5N1) outbreak • Black sites scandal • Conservative leadership race (UK) • Fuel prices • Irans nuclear program • Jilin chemical plant explosions • Kashmir earthquake • Malawi food crisis • Malaysian prisoner abuse scandal • New Delhi bombings investigation • Niger food crisis • North Indian cyclone... A Web site (or colloquially, Website) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP... “TSX” redirects here. ... World map showing North America A satellite composite image of North America. ... World map showing the location of Europe. ... Pulp and Paper is the name of the largest United States-based trade magazine for the pulp and paper industry. ...

The corporation is known for its active participation in Canadian politics through its relationships and the relationships of the Desmarais family with prominent politicians of all political stripes.

History

Power Corporation of Canada was formed in 1925 by stockbrokers Arthur J. Nesbitt and his partner Peter A. T. Thompson. Nesbitt served as the company's first president. Power Corporation was created as a holding company to manage their substantial investments in public utility companies involved in the electrical power industry in Quebec's Eastern Townships plus in the other Canadian Provinces of Ontario, Manitoba, and British Columbia. In the latter part of 1930s, the company acquired a controlling interest in Bathurst Pulp and Paper Company Ltd. and in 1938, Canadian Oil Companies Ltd., selling the latter to Shell Oil Company in 1962. A stock broker or stockbroker or stock brokerage is someone or a firm who performs transactions in financial instruments on a stock market as an agent of his/her/its clients who are unable or unwilling to trade for themselves. ... Arthur James Nesbitt (August 19, 1880 - October 24, 1954) was a Canadian businessman and philanthropist who was a cofounder of Nesbitt, Thomson and Company stockbrokerage and the Power Corporation of Canada. ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... A public utility is a company that maintains the infrastructure for a public service. ... Transmission lines in Lund, Sweden Electric company redirects here. ... The Eastern Townships (in French les Cantons de lest) is a region in south central Quebec, lying between the Saint Lawrence River and the US border. ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Capital Toronto Largest city Toronto Official languages English Government - Lieutenant-Governor James K. Bartleman - Premier Dalton McGuinty (Liberal) Federal representation in Canadian Parliament - House seats 106 - Senate seats 24 Confederation July 1, 1867 (1st) Area Ranked 4th... Motto: Gloriosus et Liber (Latin: Glorious and free) Capital Winnipeg Largest city Winnipeg Official languages English and French, per mandate of the Constitution Act 1982 Government - Lieutenant-Governor John Harvard - Premier Gary Doer (NDP) Federal representation in Canadian Parliament - House seats 14 - Senate seats 6 Confederation July 15, 1870 (5th... Motto: Splendor Sine Occasu (Latin: Splendour without diminishment) Capital Victoria Largest city Vancouver Official languages English Government - Lieutenant-Governor Iona Campagnolo - Premier Gordon Campbell (BC Liberal) Federal representation in Canadian Parliament - House seats 36 - Senate seats 6 Confederation July 20, 1871 (6th province) Area Ranked 4th - Total 944,735 km... Abitibi-Consolidated NYSE: ABY TSX: A is an Canadian pulp and paper company based in Montreal, Quebec. ... Royal Dutch Shell PLC is a multinational oil company (oil major) of Anglo Dutch origin. ...

In 1952, Arthur J. Nesbitt was succeeded as president by his son Arthur Deane Nesbitt (1910-1978). The family sold most their interest in Power Corporation to the Paul Desmarais group in 1968 and by 1970 no longer had any involvement. Arthur Deane Nesbitt (November 16, 1910 - February 22, 1978) was a Canadian businessman and a decorated pilot and Wing Commander in World War II. Deane Nesbitt was born in Westmount, Quebec, the son of the very successful stock broker and co-founder of Nesbitt, Thomson and Company, Arthur James Nesbitt. ... Paul Desmarais, Sr. ...

2005 Assets

Those companies that make up Power Corporations financial empire are shown here:

Source: Power Corporation of Canada 2005 Annual Shareholders report

Image File history File links Size of this preview: 750 × 600 pixelsFull resolution (1280 × 1024 pixel, file size: 74 KB, MIME type: image/jpeg) Author is L.J. Brooks. ... Image File history File links Size of this preview: 750 × 600 pixelsFull resolution (1280 × 1024 pixel, file size: 74 KB, MIME type: image/jpeg) Author is L.J. Brooks. ...

Corporate governance

Current members of the board of directors of the company are: Laurent Dassault, André Desmarais, Paul Desmarais, Paul Desmarais, Jr., Anthony Graham, Robert Gratton, Don Mazankowski, Jerry Nickerson, James Nininger, Robert Parizeau, Michel Plessis-Bélair, John Rae, Amaury-Daniel de Seze, and Emöke Szathmáry. In relation to a company, a director is an officer of the company charged with the conduct and management of its affairs. ... André Desmarais - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... Paul Desmarais, Sr. ... Paul Desmarais, Jr. ... Don Mazankowski The Right Honourable Donald Frank Mazankowski, PC , OC , AOE , LL.D (born July 27, 1935, in Viking, Alberta) was a Canadian politician who served as a cabinet minister under Prime Ministers Joe Clark and Brian Mulroney. ... John A. Rae is an executive with Power Corporation of Montreal, former Liberal Party of Canada fundraiser, long-time advisor to former Prime Minister of Canada Jean Chrétien and brother of Canadian politician Bob Rae. ... Dr. Emöke J.E. Szathmáry, CM , Ph. ...

Directors Emeritus of the company are: James Burns and Michael Pitfield. James W. Burns is a Directors Emeritus at the Power Corporation of Canada. ... The Honourable Senator Peter Michael Pitfield, PC, BASc, BCL DESD, DLitt (born June 18, 1937, in Montreal, Quebec) is a Canadian Senator and former senior civil servant. ...

Politics

The company is controlled by Paul Desmarais, Sr.. The company has long been a close ally of the Liberal Party of Canada, although former or current members of other Canadian political parties have also worked for Power Corp. A brief summary of the connections between Power Corp. and those with political power in Canada is below. Paul Desmarais, Sr. ... The Liberal Party of Canada (French: ), colloquially known as the Grits (originally Clear Grits), is a Canadian federal political party. ...

• Former Prime Minister of Canada, Paul Martin, was hired in the 1960s to work for Paul Desmarais, Sr. by Maurice Strong. Martin became President of Canada Steamship Lines, a subsidiary of Power Corp., and in 1981 Desmarais sold the company to Martin and a partner. Martin went on to make his personal fortune as an owner of CSL.

• Former Prime Minister of Canada Jean Chrétien sat on the board of Power Corp. subsidiary Consolidated Bathurst in the late 1980s before he became the leader of the Liberal Party of Canada. Chrétien's daughter France is married to the son of Paul Desmarais, Sr., André. Also Chretien's chief of staff Eddie Goldenberg worked in the past for Power Corp.

• Former Prime Minister of Canada, the late Pierre Trudeau, served in the mid-1990s on Power Corp.'s international advisory board. Trudeau's assistant Ted Johnson also worked for Power Corp. During the Trudeau administration Michael Pitfield held a variety of positions in government but during his time in the private sector he was at one time a Vice-Chairman of Power Corp. and is currently listed as a Director Emeritus.

• Former Prime Minister of Canada Brian Mulroney also has a relationship with Power Corporation. Mulroney friend Ian MacDonald described Desmarais as “Mulroney’s mentor in the business world.”, and it is believed that Mulroney has done legal work for Power Corp. since the end of his term as Prime Minister. Additionally former Mulroney Minister of Transport Don Mazankowski is currently Power Corp.'s company director.

• Former Premiers of Ontario William Davis and John Robarts of the Progressive Conservatives have both sat on Power Corp.'s national advisory board. John Rae, the brother of former NDP Premier Bob Rae, currently serves as Power Corp.'s Executive Vice President.

• Former Premier of Quebec Premier Daniel Johnson, Jr. worked for Power Corp. from 1973 to 1981 and in the last three years of this term was a Vice-President in the company.

• Former member of the Liberal Party of Canada Maurice Strong became President of Power Corp. by his mid-thirties. He had a role in the creation of the Canadian International Development Agency and in 1976 he was appointed to run Petro-Canada. He later worked for the United Nations.

• Power Corp.'s international advisory board has featured individuals such as former German Chancellor Helmut Schmidt, former oil minister of Saudi Arabia Sheikh Ahmed Zaki Yamani, former head of the US Federal Reserve Board Paul Volcker, and the previously mentioned former Prime Minister of Canada Pierre Trudeau.

Paul Edgar Philippe Martin (born August 28, 1938) was the 21st Prime Minister of Canada and a former leader of the Liberal Party of Canada. ... The 1960s decade refers to the years from January 1, 1960 to December 31, 1969, inclusive. ... Maurice F. Strong, CC , OM (born April 29, 1929, in Oak Lake, Manitoba) is an industrialist and public servant who was the Secretary-General of the 1992 United Nations Conference on Environment and Development (UNCED), better known as the Earth Summit. ... Canada Steamship Lines (CSL) is a Canadian shipping company with headquarters in Montreal, Quebec. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... The Prime Minister of Canada (French: Premier ministre du Canada), is the Minister of the Crown who is head of the Government of Canada. ... Joseph Jacques Jean Chrétien, usually known as Jean Chrétien, PC, QC, BA, BCL, LLD (h. ... The 1980s refers to the years from 1980 to 1989. ... André Desmarais - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... For other uses, see Pierre Elliott Trudeau (disambiguation). ... For the band, see 1990s (band). ... The Honourable Senator Peter Michael Pitfield, PC, BASc, BCL DESD, DLitt (born June 18, 1937, in Montreal, Quebec) is a Canadian Senator and former senior civil servant. ... {{Infobox Prime Minister | name=The Rt. ... In the Cabinet of Canada, the Minister of Transport (French: Ministre des Transports) is responsible for overseeing the federal governments transportation regulatory and development department, Transport Canada. ... Don Mazankowski The Right Honourable Donald Frank Mazankowski, PC , OC , AOE , LL.D (born July 27, 1935, in Viking, Alberta) was a Canadian politician who served as a cabinet minister under Prime Ministers Joe Clark and Brian Mulroney. ... Image:Mcguinty77. ... For the actor, professor, and waterskiier, see William B. Davis The Honourable William (Bill) Grenville Davis, PC , CC , O.Ont. ... For the recipient of the Victoria Cross see John Robarts (VC). ... The Ontario Progressive Conservative Party (PC Party of Ontario) is a right-of-centre political party in Ontario, Canada. ... John A. Rae is an executive with Power Corporation of Montreal, former Liberal Party of Canada fundraiser, long-time advisor to former Prime Minister of Canada Jean Chrétien and brother of Canadian politician Bob Rae. ... The Ontario New Democratic Party (formerly known as the Ontario Cooperative Commonwealth Federation) is a social democratic political party in Ontario, Canada. ... Bob Rae Robert Keith (Bob) Rae, PC, OC, O.Ont, QC, B.A., LL.B, B.Phi. ... The Premier of Quebec (in French Premier ministre du Québec, sometimes literally translated to Prime Minister of Quebec) is the first minister for the Canadian province of Quebec. ... Daniel Johnson, Jr. ... 1973 (MCMLXXIII) was a common year starting on Monday. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... Maurice F. Strong, CC , OM (born April 29, 1929, in Oak Lake, Manitoba) is an industrialist and public servant who was the Secretary-General of the 1992 United Nations Conference on Environment and Development (UNCED), better known as the Earth Summit. ... The Canadian International Development Agency is a Canadian government agency which administers foreign aid programs in developing countries. ... 1976 (MCMLXXVI) was a leap year starting on Thursday. ... Petro-Canada is a Canadian oil and gas firm headquartered in Calgary, Alberta. ... The foundation of the U.N. The United Nations (UN) is an international organization whose stated aims are to facilitate co-operation in international law, international security, economic development, social progress and human rights issues. ... Helmut Heinrich Waldemar Schmidt (born December 23, 1918) is a German Social Democratic politician. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Sheikh Ahmed Zaki Yamani (Arabic: الشيخ أحمد زكي يماني) (born 1930 in Mecca, Saudi Arabia) was Saudi Arabias Minister of Oil (Petroleum) and Mineral Resources from 1962 until 1986, and a minister in OPEC for 25 years. ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central bank of the United States. ... Economist Paul Adolph Volcker (September 5, 1927 - ) born in Cape May, New Jersey, is best-known as the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan (from August 1979 to August 1987). ... For other uses, see Pierre Elliott Trudeau (disambiguation). ...

External link

• Power Corporation web site