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Home > Company Index > Financial Services > Investment Firms > Power Corporation of Canada

Power Corporation of Canada
 NEWS FROM THE WIRES
Power Corp. profit flat from a year earlier
Jul 26 2001 01:00 PM PDT

Power Financial profit jumps in second quarter
Jul 26 2001 09:32 AM PDT

More WIRE STORIES about this company

 PROFILE
Founded in the 1920s to develop hydroelectric power, holding company Power Corporation of Canada now generates cash, not electricity. Through Power Financial (about two-thirds owned), the company controls one of Canada's leading mutual fund firms, Investors Group; one of its largest life insurers, Great-West Lifeco; and other insurance firms. Power Corporation's Pargesa Holding unit owns stakes in European communications, energy, and utility concerns. Subsidiary Gesca Ltée publishes Montreal's "La Presse" and six other daily newspapers. Power Corporation sold TV and radio station operator Power Broadcasting. Former chairman Paul Desmarais (whose sons, Paul and André, are co-CEOs) owns about 65% of the company.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 11,279.70
1-Yr. Sales Growth: 10.7%
Employees: 28,000
Revenue per employee: $402,846.43

 KEY PEOPLE
• Paul Desmarais
    CEO
• Michel Plessis-Belair
    CFO

 CONTACT INFO
751 Victoria Square
Montreal Quebec H2Y 2J3, Canada
Phone: 1-514-286-7400
Fax: 1-514-286-7424
Online: Web Site

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