(Dick Loek/Toronto Star/Getty)
#38: Michael Sabia
CEO, Caisse de dépôt et placement du Québec
Why he matters: Throws his weight behind Quebec business
Related:
La Caisse de dépôt et placement sort ses muscles
There is no bigger supporter of Quebec business than Michael Sabia. Last year alone, the Caisse injected half a billion dollars into Quebec businesses making global acquisitions. When investors recently berated Bombardier for lack of results, Sabia took time out of a conference call to urge them to be patient. And Caisse snapped up a piece of Cirque du Soleil when Guy Laliberté sold his stake—no doubt to ensure Cirque remains in Quebec. It’s a winning strategy for the pension fund: Caisse enjoyed returns of almost 6% in the first half of the year.
More of Canada’s Most Powerful Business People:
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▼ #39 Calvin Helin
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