| Sitting pretty: The elder Desmarais is chairman of Power Corp., which deals extensively in financial services, but it's son Paul Desmarais Jr. who handles the day-to-day operations. Power Corp. now sits on roughly $1 billion in cash that it can deploy when needed. At the company's annual meeting this year, Desmarais Jr. deplored investors who seek short-term gains, and credited his father for instituting a long-term investing approach that has made the company successful. |
