Tycoon Profiles

Business lessons and insights from billionaires and tycoons.

Canadian tycoon Paul Desmarai of Power Corporation of Canada died on October 8, 2013

Paul Desmarai (January 4, 1927 – October 8, 2013) was a high profile tycoon and empire-builder in Canada for many decades. According to Forbes, he was the 4th wealthiest person in Canada and the 235th wealthiest in the world with an estimated net worth of $4.4 billion. Demarai was born into a family with business interests in the Sudbury, Quebec region. This was a tough blue-collar nickle mining area similar to the Apalachian coal mining region in the USA back in the 1950s.

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Hell on Wheels Season 3 Begins

The only television tycoon I can think of off hand is Colm Meaney’s Thomas “Doc” Durant in Hell on Wheels.  Durant was in charge of building the eastern half of the first transcontinental railroad right after the Civil War ended.

As always, Colm does a marvelous job in this role. It’s rated 8.1 over at IMDB.

If you haven’t seen the show do give it a try if you like westerns. It’s packed with likeable characters, scoundrels, downright villains and offers a pretty unvarnished view of the period.

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Here are a few additional articles on Marcus Lemonis

From the NY Times: A Savior Taking the Reins
On ‘The Profit,’ Marcus Lemonis Rescues Small Businesses

What Gordon Ramsay is to floundering restaurants, what Tabatha Coffey is to hair salons on the fritz — that’s what Marcus Lemonis aspires to be for any number of small businesses. Mr. Lemonis is the chairman and chief executive of Camping World, but also a jack-of-all-enterprises, spotting and stomping out inefficiencies in pursuit of profit.

Profit that Mr. Lemonis shares, naturally. “The Profit” is an extension of reality television’s long-running charitable impulse, but like the cheery moguls on ABC’s “Shark Tank,” Mr. Lemonis has skin in the game. He writes checks and takes temporary control, makes significant changes, then hopes his new partners can make him money.

His practices are politely predatory, feasting on small businesses that don’t have the resources to advance or to save themselves from eventual collapse. In the first two episodes, there’s an additional twist: the companies are run by the founders’ children, who are finding it hard to continue their parents’ legacies. These are enterprises ripe for takeover, and owners looking to fill an authority vacuum. (source)

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