As of 2012, Corey serves as director of Transamerica Life Companies, Schiff Nutrition International Inc. and The Canadian Museum for Human Rights.
Corey was president for the building of the Bell Centre, however during the 1990s, the team's business declined under the indirect ownership of parent company Molson Brewery by Foster's.
[5] In 1986, he brought Doug Harvey back into the Canadiens' organization as a scout, and arranged the retirement of his jersey number 2.
One famous action of Corey's was the firing, four games into the 1995–96 season, of the entire Canadiens' hockey management - general manager Serge Savard and coaches Jacques Demers, Carol Vadnais and Andre Boudrias, and replacing them with Rejean Houle and Mario Tremblay.
Earlier, however, Savard had been hired by Corey with no prior front-office experience and went on to put together 2 Stanley Cup-winning teams.