Power Corporation of Canada

Corporate History


The First Twenty-Five Years 1925 - 1950

The

Trans

for

ma

tion

New Controlling  Shareholder,

 New Directions
1950 - 1967

Restructuring and Diversification 1968 - 1980

  1980 -1981

1981 -1996

Management Changes 1996 - 2002

Ma

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ge

ment -

Chan

ges

Management     Changes  

1980 - 1996 Power Corporation of Canada

Officially involve in the New technologic and the Copy right Robbery  include in the:

 Tome II and IV 

 ACILR-CDRIL

1925 - 1950 Seventy-five years ago, on April 18, 1925, Power Corporation of Canada came into being.

It has also been a story intricately bound with the economic, political, and social history of Canada in the 20th century.

Through good times and bad, as an important and contributor to the development of his country, the Corporation has prospered and grown as a member of this 1968 Canadian criminal Conspiracy,  into the multibillion-dollar financial, industrial, and communications holding company that today spans the world.

Corporate History
The First 25 Years 1925 - 1950 More >> in PDF  

02Corporate History

The  Transformation

 Mutation 1950 - 1967

The 1950s saw substantial change as well as substantial growth, which set the pattern for even more dramatic change in the decades to follow. For a time Power Corporation continued to invest in power companies, taking minority positions in International Utilities in Alberta, United Towns Electric in Newfoundland, Winnipeg & Central Gas in Manitoba, and Brazilian Traction, Light and Power, the Canadian holding company with utility subsidiaries in Brazil.

Most importantly, it bought shares in Shawinigan Water and Power, one of the largest privately owned hydro-electric producers in the world with massive installations in Quebec. Power further increased its position in Shawinigan in 1957 when it exchanged its control holding of Southern Canada Power for a special class of Shawinigan common shares. Meanwhile, its successful engineering and construction divisions were engaged in building new power projects from British Columbia to Newfoundland.

1950 - 1967
The Transformation
New Controlling Shareholder,  New Directions  More >> in PDF

03Power Corporation of Canada

Corporate History

1968 - 1980 New Controlling Shareholder, New Directions.

Paul Desmarais Biography

Suddenly, however, the picture was not quite so bright. Largely as a result of the expansive fiscal policy of the United States, inflation, interest rates, and government deficits rose, precipitating a plunge in stock prices, the collapse of high-flying speculators, and a severe downturn in the North American economy.

A number of Power Corporation’s major holdings were beset by difficulties, some due to the deteriorating conditions, some of their own making.

04Corporate History

Restructuring and Diversification

1981 - 1996

In July 1981 Power Corporation made an abrupt break with its history by selling its wholly owned CSL Group for $195 million. a

Gone was its long and important association with Canada Steamship Lines; gone (TÉLÉMÉDIA  [French doc] also IBM transaction repetition  [French doc] of the 1974 [French] Canada Steamship Lines Transaction repetition of IBM Transaction [French doc])

  but this time, with Paul Martin), too, for the first time in Paul Desmarais’s business career, was the bus service.

But Power’s disposition of one important company in the transportation sector allowed it, according to federal regulations, to invest in another, even bigger one.

Almost immediately it purchased 4.4 per cent of the voting shares of Canadian Pacific Limited, the giant rail, shipping, oil, and real estate conglomerate, as well as holding another 1.4 per cent through its subsidiaries. A 10-year standstill agreement with CP restricted Power to buying no more than 15 per cent while giving it two seats on Canadian Pacific’s board and one on the executive committee. 

Restructuring and Diversification

1981

4a1980 - 1981 Power Corporation of Canada

The continuity of the illegal and now international Paten Robbery  by Power Corporation with his conspirator group is associate Crow Corporation and the Canadian federal and provincial deputy with their financial supporter.

Canadian , federal, provincial, municipal Police and Legislative ministries informed since 1980

Jul 1997 Gov E-Mail Answer — RE: THE NATIONAL PERSONAL RESPONSABILITY From:  iftodd@parl.gc.ca (Iftody, David - M.P.) Organization: House of Commons / Chambre des communes To: serg@gte.net (Serg Morel)

These new technology international right was given to all the Nation by the ACILR-CDRIL Organization and Foundation as describe in the:

►Tome II ◄ ►Tome IV◄

4bManagement Changes 1996 - 2002

On May 10, 1996, at the Corporation’s annual meeting in Montreal, Paul Desmarais formally stepped aside as Chairman and CEO of Power Corporation.

He continued to be Chairman of the Executive Committee and the controlling shareholder. Paul Desmarais, Jr. became Chairman and Co-Chief Executive Officer, while André Desmarais became President and Co-Chief Executive Officer. 

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