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Quebecor Inc. President and Chief Executive Officer Pierre Karl Peladeau looks on during their annual general meeting in Montreal, in this May 9, 2012, file photo. Canadian media and telecommunications conglomerate Quebecor Inc said Chief Executive Pierre Karl Peladeau was stepping down and would be replaced by Robert Depatie, head of the company's Videotron cable and telecoms unit.
Quebecor Inc. President and Chief Executive Officer Pierre Karl Peladeau looks on during their annual general meeting in Montreal, in this May 9, 2012, file photo. Canadian media and telecommunications conglomerate Quebecor Inc said Chief Executive Pierre Karl Peladeau was stepping down and would be replaced by Robert Depatie, head of the company's Videotron cable and telecoms unit.
(Olivier Jean/Reuters)

SEAN SILCOFF

Why Péladeau should release control of Quebecor’s media arm

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

Pierre-Karl Péladeau’s father, Quebecor Inc. founder Pierre Péladeau, died on the job in December 1997, leaving behind a legacy as one of Quebec’s most successful entrepreneurs but not exactly that of a great family man. With his resignation Thursday as CEO of the company his father created, PKP – who’s still in his early 50s – has a chance to cement his legacy as a devoted father of three and husband, something he admitted Wednesday has come second to his business career. Unfortunately for PKP, he leaves behind a more checkered legacy as CEO of the company he controls. If Robert Dépatie, PKP’s successor, expects to fare better, he will have to make some tough decisions. Mr. Dépatie's ’s toughest may be convincing PKP to give up the one task he’s kept for himself.