Paul Desmarais, Canadian businessman and philanthropist (d. 2013)
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.
1927Jan, 4
Paul Desmarais
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Events on 1927
- 10Jan
Metropolis (1927 film)
Fritz Lang's futuristic film Metropolis is released in Germany. - 23Feb
Uncertainty principle
German theoretical physicist Werner Heisenberg writes a letter to fellow physicist Wolfgang Pauli, in which he describes his uncertainty principle for the first time. - 5May
Virginia Woolf
To the Lighthouse by Virginia Woolf is first published. - 27May
Ford Model T
The Ford Motor Company ceases manufacture of the Ford Model T and begins to retool plants to make the Ford Model A. - 26Jun
Coney Island
The Cyclone roller coaster opens on Coney Island.