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Power Corporation of Canada () is a management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are insurance, retirement, wealth management and investment management, including a portfolio of alternative investment platforms. History Power Corporation of Canada was formed in 1925 by two stockbrokers – Arthur J. Nesbitt and his partner, Peter A.T. Thomson. 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, New Brunswick and British Columbia. In the latter part of the 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. In 1952, Arthur J. Nesbitt ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Electrical Power Industry
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of an electric charge, which can be either positive or negative, produces an electric field. The movement of electric charges is an electric current and produces a magnetic field. When a charge is placed in a location with a non-zero electric field, a force will act on it. The magnitude of this force is given by Coulomb's law. If the charge moves, the electric field would be doing work on the electric charge. Thus we can speak of electric potential at a certain point in space, which is equal to the work done by an external agent in carrying a unit of posit ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Conrad Black
Conrad Moffat Black, Baron Black of Crossharbour (born 25 August 1944), is a Canadian-born British former newspaper publisher, businessman, and writer. His father was businessman George Montegu Black II, who had significant holdings in Canadian manufacturing, retail and media businesses through part-ownership of the holding company Ravelston Corporation. In 1978, two years after their father's death, Conrad and his older brother Montegu took majority control of Ravelston. Over the next seven years, Conrad Black sold off most of their non-media holdings in order to focus on newspaper publishing. Black controlled Hollinger International, once the world's third-largest English-language newspaper empire, which published ''The Daily Telegraph'' (UK), ''Chicago Sun-Times'' (US), ''The Jerusalem Post'' (Israel), ''National Post'' (Canada), and hundreds of community newspapers in North America, before controversy erupted over the sale of some of the company's assets. He was granted a ...
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Argus Corporation
The Argus Corporation was an investment holding company based in Toronto, Ontario. During the 1960s and 1970s, it was the most powerful and best known conglomerate in Canada, at one time controlling the companies making up 10 percent of all shares traded daily on the Toronto Stock Exchange. At its height in the 1970s, it was a true conglomerate with many unrelated businesses. Among these were Dominion grocery stores, Orange Crush soft drinks, Massey Ferguson farm machinery, Domtar wood products and Carling O'Keefe breweries. The company was purchased by Conrad Black in 1978. Black and his associates sold off most of the Argus assets by 1985, and by 2005 Argus contained only one asset and was itself wholly owned by Black's Ravelston Corporation. Due to the fallout of ongoing lawsuits, Ravelston went bankrupt in 2008, and Argus disappeared. History Argus was founded as an investment holding company in 1945 by E. P. Taylor with minority partners Colonel W. Eric Phillips, Wall ...
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Paul Desmarais
Paul Desmarais Sr. (January 4, 1927 – October 8, 2013) was a Canadian financier and philanthropist, based in Montreal. With an estimated family net worth of US$4.5 billion (as of March 2012), Desmarais was ranked by ''Forbes'' as the fourth wealthiest person in Canada and 235th in the world in 2013. He was chairman and chief executive officer of Power Corporation of Canada until 1996 when he passed the reins of management of Power Corporation to his sons, Paul Jr. and André. He then continued to serve as a director and as chairman of the executive committee of the board, and remained the controlling shareholder. Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, asset management, sustainable and renewable energy, and other business sectors. Desmarais was highly regarded for his standard of integrity and his commitment to a united and prosperous Canada. Personal life Desmarais ...
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Arthur Deane Nesbitt
Arthur Deane Nesbitt OBE, DFC, CdeG (16 November 1910 – 22 February 1978) was a Canadian businessman and a decorated pilot and Wing Commander in World War II. Early life Nesbitt was born in Westmount, Quebec, the son of the very successful stockbroker and co-founder of Nesbitt, Thomson and Company, Arthur James Nesbitt. Trained as an electrical engineer, after his older brother Aird decided to take over permanent management of the family-owned Ogilvy department store in Montreal, Nesbitt joined the family's securities business. On the death of his father in 1954, he became head of the brokerage firm and took over the presidency of the Nesbitt Thomson holding company, Power Corporation of Canada. Under his guidance, Nesbitt Thomson expanded across Canada, and into the United States and Europe. They were the first Canadian firm in three decades to obtain a seat on the New York Stock Exchange. A flying enthusiast, Nesbitt obtained his pilot's license and as a member of ...
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Royal Dutch Shell
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" whi ...
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Canadian Oil Companies
Canadian Oil Companies, Limited was a Canadian integrated oil and gas company based in Toronto, Ontario. The company operated between 1908 and 1962 and was best known for the White Rose gasoline brand it sold across Canada. At the time of its sale to Shell Canada in 1962, Canadian Oil Companies was the country's last major domestically-owned petroleum company. History The history of Canadian Oil Companies, Limited began in March 1904 when four oil companies from Southwestern Ontario amalgamated into a single holding company. The companies included in the amalgamation were the Canadian Consolidated Oil Company, Limited; the Canadian Oil Refining Company, Limited; the Sun Oil Refining Company of Hamilton, Limited; and the Grant Hamilton Oil Company of Toronto, Limited. The new holding company was named the Canadian Consolidated Oil Company, Limited and was headquartered in Toronto. On 4 April 1904 Canadian Consolidated changed its name to the Canadian Oil Company, Limited. The first ...
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Bathurst Power And Paper Company
Established in 1914, the Bathurst Power and Paper Company was a combined logging, lumber mill and wood-pulp paper company that supplied its own electric power from Nepisiguit Grand Falls. Its operations were centred at Bathurst, New Brunswick. After changing hands several times over the course of a century, Smurfit-Stone closed the mill in 2006, and sold the site to a redevelopment firm. The redeveloper, which was already defunct by January 2016, was fined $150,000 in July 2016 under the New Brunswick Clean Environment Act. History After the death of Senator Kennedy Francis Burns twinned with the disestablishment of Novelli & Company in March 1894, the St. Lawrence Lumber Company, which owned most of the mills of Bathurst and was presided by Burns, foundered. The ''Courrier des Provinces Maritimes'' reported 19 September 1895 that the Sumner Company from Moncton had purchased the SLLC from the receivers but two weeks later the same newspaper reported that the English shareholde ...
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British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains, and borders the province of Alberta to the east and the Yukon and Northwest Territories to the north. With an estimated population of 5.3million as of 2022, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2.6million people in Metro Vancouver. The first known human inhabitants of the area settled in British Columbia at least 10,000 years ago. Such groups include the Coast Salish, Tsilhqotʼin, and Haida peoples, among many others. One of the earliest British settlements in the area was Fort Victoria, established ...
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New Brunswick
New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and French as its official languages. New Brunswick is bordered by Quebec to the north, Nova Scotia to the east, the Gulf of Saint Lawrence to the northeast, the Bay of Fundy to the southeast, and the U.S. state of Maine to the west. New Brunswick is about 83% forested and its northern half is occupied by the Appalachians. The province's climate is continental with snowy winters and temperate summers. New Brunswick has a surface area of and 775,610 inhabitants (2021 census). Atypically for Canada, only about half of the population lives in urban areas. New Brunswick's largest cities are Moncton and Saint John, while its capital is Fredericton. In 1969, New Brunswick passed the Official Languages Act which began recognizing French as an ...
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