Paul G. Desmarais
Born: January 4, 1927
Died: October 8, 2013
Place of Birth: Sudbury, Ontario
Paul Desmarais is one of Canada's most successful business leaders.
He is also considered one of the most powerful in that his decisions can affect thousands of Canadians.
As a university student, he convinced his parents to let him take over a bus company they owned and he was able to
turn it into a profitable business.
In 1968, through good business dealings, Paul Desmarais took control of a firm called Power Corporation which bought and sold other companies.
He was able to take profit from one business and use it to buy and make other businesses profitable.
Canadian Prime Ministers are known to touch base with Paul Desmarais as his opinions and knowledge are considered valuable.
Power Corporation now holds significant positions in major media, energy, water, waste services, and specialty minerals companies.
Although now officially retired, Paul Desmarais remains a model for CEO's across the nation.
For detailed research and more information, check out the following:
Library Reference: "The Canadian 100" by H.G. Rawlinson & J.L. Granatstein; published by Little, Brown & Company
Globe and Mail
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Last Updated: January 2, 2017
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