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Power
Corporation of Canada
is a major Canadian company with assets
in North America and Europe in a number
of industries. These industries include
media, pulp and paper, and financial
services.
Current
members of the board of directors of the
company are: Laurent
Dassault, André
Desmarais, Paul
Desmarais, Paul
Desmarais, Jr., Anthony
Graham, Robert
Gratton, Don
Mazankowski, Jerry
Nickerson, James
Nininger, Robert
Parizeau,
Michel Plessis-Bélair, John
Rae, Amaury-Daniel
de Seze, and Emöke
Szathmáry.
Directors
Emeritus of the company are: James
Burns and Michael
Pitfield.
The
company is controlled by Paul
Desmarais, Sr.. Paul Desmarais, Jr.
is one of thirty members of the North
American Competitiveness Council, a
group whose advice directs the policies
of North American Security and
Prosperity Partnership. Additionally,
the company has long been a close ally
of the Liberal
Party of Canada, although former or
current members of other Canadian
political parties have also worked for
Power Corp. A brief summary of the
connections between Power Corp. and
those with political power in Canada is
below.
- Former
Prime Minister of Canada, Paul
Martin, was hired in the 1960s
to work for Paul Desmarais, Sr. by Maurice
Strong. Martin became President
of Canada
Steamship Lines, a subsidiary of
Power Corp., and in 1981
Desmarais sold the company to Martin
and a partner. Martin went on to
make his personal fortune as an
owner of CSL.
- Former
Prime Minister of Canada Jean
Chrétien sat on the board of
Power Corp. subsidiary Consolidated
Bathurst in the late 1980s
before he became the leader of the
Liberal Party of Canada. Chrétien's
daughter France
is married to the son of Paul
Desmarais, Sr., André.
Also Chretien's chief of staff Eddie
Goldenberg worked in the past for
Power Corp.
- Former
Prime Minister of Canada, the late Pierre
Trudeau, served in the mid-1990s
on Power Corp.'s international
advisory board. Trudeau's assistant
Ted Johnson also worked for Power
Corp. During the Trudeau
administration Michael
Pitfield held a variety of
positions in government but during
his time in the private sector he
was at one time a Vice-Chairman of
Power Corp. and is currently listed
as a Director Emeritus.
- Former
Prime Minister of Canada Brian
Mulroney also has a relationship
with Power Corporation. Mulroney's
friend Ian MacDonald described
Desmarais as “Mulroney’s mentor
in the business world,” and it is
believed that Mulroney has done
legal work for Power Corp. since the
end of his term as Prime Minister.
Additionally, former Mulroney
Minister of Transport Don
Mazankowski is currently Power
Corp.'s company director.
- Former
Premier of Quebec Premier Daniel
Johnson, Jr. worked for Power
Corp. from 1973
to 1981
and in the last three years of this
term was a Vice-President in the
company.
- Power
Corp.'s international advisory board
has featured individuals such as
former German Chancellor
Helmut Schmidt, former oil
minister of Saudi
Arabia Sheikh
Ahmed Zaki Yamani, former head
of the US Federal Reserve Board Paul
Volcker, and the previously
mentioned former Prime Minister of
Canada Pierre
Trudeau.
- Maurice
Strong, who is apparently
confined, for health reasons, to his
home in Beijing. Since Beijing is
one of the smoggiest cities on
earth, and Mr. Strong is a severe
asthmatic, this is a somewhat
strange hidey hole Mo. Presumably it
is the bracing air of Communist rule
in which his lungs rejoice rather
than the ambient pollution. Beijing
is also probably attractive as being
a long way from any echoes of that
unfortunate UN oil-for-food fandango
in Iraq, in which Mr. Strong so
inexplicably found himself
embroiled. Still, we wish Mr. Strong
a full recovery. The world would be
a much less interesting — if
considerably safer — place without
him.
- Power
Corporation of Canada made headlines
in 2005 when it was revealed that
the man handpicked by the UN
secretary general to probe the
UN’s scandalized Oil-for-Food
program, Paul Volcker, had not
disclosed to the UN that he was a
paid adviser to Power Corporation.
This was a clear conflict of
interest as Power Corporation had
ties to the French oil giant, Total,
which was being investigated under
the Iraq Oil-for-Food program for
lucrative contracts to develop and
exploit the Majnoon and Nahr Umar
oil fields in southern Iraq.Most
currently, Total is building a
pipeline in Eastern Burma that has
caused the violent relocation of
thousands of people and is being
built using forced labor. The
Total/UNOCAL Yadana natural gas
pipeline is one of the largest
sources of revenue for Burma’s
despotic regime.
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