Power Corporation Of Canada
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Power Corporation Of Canada
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 w ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), 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 so 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 Kin ...
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New Brunswick
New Brunswick is a Provinces and Territories of Canada, province of Canada, bordering 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. It is part of Eastern Canada and is one of the three Maritime Canada, Maritime provinces and one of the four Atlantic Canada, Atlantic provinces. The province is about 83% forested and its northern half is occupied by the Appalachians. The province's climate is continental climate, 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 - predominantly in Moncton, Saint John, New Brunswick, Saint John and Fredericton. In 1969, New Brunswick passed the New Brunswick Official Languages Act (1969), Official Languages Act which began recognizing French as an official language, along ...
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Putnam Investments
Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. Putnam is currently a subsidiary of Franklin Templeton Investments. History The firm was founded in 1937 by George Putnam, who established one of the first balanced mutual funds: The George Putnam Fund of Boston. Lawrence Lasser joined the company in 1969, and it became "one of the largest managers of mutual funds."
NY Times, Former Chief of Putnam to Receive $78 million, Retrieved June 2011
In 1997, Putnam Investments established a connection with
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Mackenzie Financial
Mackenzie Investments was founded in 1967 and is one of Canada's largest investment management firms by assets under management. Mackenzie Investments provides investment advisory and related services for retail and institutional clients. With $201.1 billion in assets under management, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. () group of companies. IGM Financial is one of Canada's largest financial services companies by assets with over $262 billion in total assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio .... (Note: All figures as of June 30, 2021) History * 1967 - Mackenzie Investments was founded by Alex Christ * 1967 - ...
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Canada Life
The Canada Life Assurance Company ( French: ''La Compagnie d'Assurance du Canada sur la Vie''), commonly known as Canada Life (''Canada-Vie''), is a Canadian insurance and financial services company with its headquarters in Winnipeg, Manitoba. The current company is the result of the 2020 amalgamation of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company, along with their holding companies (London Insurance Group Inc. and Canada Life Financial Corporation). The company is a wholly owned subsidiary of Great-West Lifeco. History and ownership Great-West Life Assurance Company The Great-West Life Assurance Company ( French: ''La Great-West, Compagnie d'Assurance-vie'') provided life, disability, and health insurance; benefit and retirement plans; and investment advice. It was active in both the United States and Canada. Great-West Life was founded in Winnipeg in 1891 by Jeffry Hall Brock, a local insurance agent. The com ...
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Power Financial Corporation
Power Financial Corporation is a Canadian multinational company that was founded in 1984. Power Financial, a wholly owned subsidiary of Power Corporation of Canada, is an international management and holding company with interests in financial services and asset management businesses in Canada, the United States and Europe. It also has significant holdings in a portfolio of global companies based in Europe. Power Financial, together with IGM financial and Great-West Lifeco, are anchor investors in funds managed by an affiliate, Portag3 Ventures, which operates investment funds dedicated to backing financial services companies. To date, Portag3 Ventures has invested in more than 45 fintech companies and investment funds. Portag3, Power Financial and IGM Financial also hold interests in Wealthsimple, one of Canada’s leading financial technology companies, operating one of the country's largest and fastest-growing digital investing service. History Power Financial Corporation ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Conrad Black
Conrad Moffat Black, Baron Black of Crossharbour (born 25 August 1944), is a Canadian-British writer and former politician, Publishing, newspaper publisher, Investor, financier, and Fraudster, convicted fraudster. Black's 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 to focus on newspaper publishing. He controlled Hollinger Inc., 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 ...
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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, Wal ...
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Paul Desmarais
Paul Guy Desmarais Sr. (4 January 1927 – 8 October 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 Desmara ...
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Arthur Deane Nesbitt
Group captain, Group Captain Arthur Deane Nesbitt (16 November 1910 – 22 February 1978) was a Canadian air force officer and businessman. 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 J. Aird Nesbitt, Aird decided to take over permanent management of the family-owned Ogilvy (Montreal), 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 mem ...
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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. A core component of Big Oil, Shell is the second largest investor-owned oil and gas company in the world by revenue (after ExxonMobil), and among the world's largest companies out of any industry. 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 April 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 ente ...
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