Paul G. Desmarais

Born: January 4, 1927
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.

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Last Updated: February 18, 2011
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