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Topic: Frank Stronach


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In the News (Wed 23 Dec 09)

  
  Frank Stronach
Frank Stronach, CM (born September 6, 1932 as Franz Strohsack) is an Austrian and Canadian businessman.
Even though Frank Stronach was part of the labour movement in the; 1970s and 1980s, he is well known for his opposition to trade union representation for his employees.
Frank Stronach has been involved in Thoroughbred horse racing since the 1970s and is the owner of Magna Entertainment Corp. which specializes in horse-racing entertainment and owns and operates some of the most prominent racetracks in the; United States.
frank-stronach.zdnet.co.za /zdnet/Frank_Stronach   (1846 words)

  
  Belinda Stronach - Wikipedia, the free encyclopedia
Stronach is the daughter of the founder of Magna International, Frank Stronach.
Stronach was generally to the left of her Conservative caucus colleagues.
Stronach is elected as leader of the Conservative Party, social conservatives will no longer have a voice in Canada." [3] Stronach, for her part, promised after the leadership race that she would do her best to keep the party from moving too far to the right.
en.wikipedia.org /wiki/Belinda_Stronach   (3469 words)

  
 Under New Management   (Site not responding. Last check: 2007-10-13)
Frank Stronach moves boldly into the world of racetrack ownership with the purchase of Santa Anita.
But, as is also Stronach's way, the powerful CEO of Magna International was undaunted by the criticisms made by Magna's investors or by the skepticism of some among the old guard of the California racing scene who feared sweeping changes would sully the venerable track.
Stronach hasn't softened his opinion that racing can and should be run more efficiently and he intends to back what he says with innovative management strategies at Santa Anita.
www.horse-canada.com /html/articles/TBmanag.sp.99.htm   (2487 words)

  
 CBC: Life And Times
As a result of the 1965 Auto Pact and Stronach's business savvy, more than 40 years later Magna International is a global automotive empire that employs 50,000 people and sells $14 billion in auto parts.
Stronach's passion for taking risks also led him into federal politics in 1988 as a Liberal candidate and into the world of horse breeding.
Though his political bid was unsuccessful, Stronach saw his horse-breeding venture soar: the company owned by Stronach and his son Andy has become one of the largest and most successful horse breeders in North America, worth more than $100 million.
www.cbc.ca /lifeandtimes/stronach.html   (331 words)

  
 Frank Stronach Could Return to Helm of Magna International| bloodhorse.com
Thoroughbred horse owner-breeder Frank Stronach could reassume his role as chief executive officer of auto-parts manufacturer Magna International if his daughter Belinda is elected to public office in Canada.
The newspaper noted that Frank Stronach said he would only serve on a temporary basis and that a new president would be installed at Magna if it became evident that Belinda Stronach was going to be involved in politics for an extended period.
Frank Stronach, who was a Liberal candidate in the 1988 federal election, said he supports his daughter's consideration of public office, the Globe and Mail reported.
www.bloodhorse.com /articleindex/article.asp?id=19924   (274 words)

  
 Frank Stronach named TOBA Owner of the Month   (Site not responding. Last check: 2007-10-13)
The month of May of the year 2000, life was especially great for Frank Stronach -- the man who has built an empire of racetracks all over North America and the man who has built his Stronach Stables into one of the most powerful forces on the track.
The month of May of the year 2000, life was great for Frank Stronach, especially when he captured the Preakness Stakes with Red Bullet and defeated what had rapidly become the media’s first invincible horse of the new century -- Fusaichi Pegasus.
Stronach’s Magna International is one of the world’s largest automotive parts manufacturers, with billions of dollars in revenues.
www.toba.org /owner5-00.htm   (1066 words)

  
 MI Developments Inc. Investor Relations
Stronach was born in Weiz, Austria and immigrated to Canada in 1954 with a working background in tool and machine engineering.
Stronach's leadership, Magna launched a major North American expansion in the mid to late 1980s and a major global expansion in the early 1990s, which saw Magna broaden its base of operations in Europe, Asia and South America.
Stronach became the founder and Chairman of Magna Entertainment Corp., North America's number one owner and operator of horse racetracks, based on revenues, and one of the world's leading suppliers, via simulcasting, of live horse racing content to the growing inter-track, off-track and account wagering markets.
www.shareholder.com /mid/bios.cfm   (1341 words)

  
 TheStar.com - What, or who, makes Belinda Stronach run?   (Site not responding. Last check: 2007-10-13)
Number 1 on the list is her father, Frank, the flamboyant, eccentric, rags-to-riches auto parts billionaire who now divides most of his time between a castle in Austria, his family compound north of Toronto and an apartment in Switzerland (where he lives in order to avoid Canadian income tax).
Stronach is the founder and principal owner of Magna International Inc., a $13 billion company with plants in 22 countries and interests in everything from horse racing to real estate.
It was Stronach's decision to let his daughter take over as CEO of Magna three years ago that gave her the gravitas necessary for someone wanting to dabble seriously in politics.
www.thestar.com /NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1079133609492&call_pageid=968332188774&col=968350116467   (1966 words)

  
 Autotote News
Frank Stronach, 72, had Gov. Rick Perry of Texas by the elbow and was hustling him through a jumble of television cameras.
Stronach, who owns or operates 11 tracks nationwide, is a rags-to-riches auto-parts magnate who has made a ruckus ever since he arrived on the American racing scene, waging warfare on an old guard that he insists has run the business into the ground.
Stronach had to be stopped, they agreed, and an advocacy group was forming under the banner of Friends of New York Racing.
www.scientificgames.com /newstory.asp?id=4311   (1765 words)

  
 BlogsCanada: E-Group - Three Cheers for Frank Stronach
Frank Stronach had ample political connections to the Conservatives, which he had appeared to have used to promote his daughter over vastly more qualified people to run as a candidate at the Conservative Leadership Convention (and later as a MP candidate in the New Market riding).
Frank Stronach is very, very well connected to the conservatives (Provincially and Federally), and the former Premiers of Ontario whom had endorsed Belinda's run for the Party leadership and her run for the New Market riding as an MP, also had served as former directors of Magna Corporation.
Frank has always been a charitable fellow and his personal contribution to the Katrina victims is not a one-off action as I mentioned before and you chose to ignore.
www.blogscanada.ca /egroup/CommentView.aspx?guid=34cf2055-791b-4938-afbb-e4bdae62e323   (14572 words)

  
 Untitled Document   (Site not responding. Last check: 2007-10-13)
Frank Stronach was born in the small town of Weiz in the foothills of the Austrian Alps.
As Chairman of the new firm, Frank expanded the profit and equity participation plan to include every employee, and the concept of “Fair Enterprise” was born.
Magna is not only expanding once again throughout North America, but also in Europe, where the company has made a number of strategic acquisitions, and where Frank Stronach, founder of Fair Enterprise, continues to play a key role in charting Magna’s course as a global leader in the automotive industry.
collections.ic.gc.ca /heirloom_series/volume5/338-339.htm   (827 words)

  
 ESPN.com - McCarron out of the saddle into the hotseat?   (Site not responding. Last check: 2007-10-13)
Frank Stronach would never take such a chance with one of his top racehorses, but he's done virtually the same thing with one of his top racetracks.
When Stronach announced earlier this month that 48-year-old former jockey Chris McCarron had been named general manager of Santa Anita, he was in effect saying he was turning over the reins of one of his prized properties to someone with no background in the field of racetrack management.
Stronach clearly downplayed McCarron's lack of experience and instead chose to focus on his attributes, of which there are many.
sports.espn.go.com /espn/print?id=1531820&type=columnist   (867 words)

  
 Welcome to Adena Springs Farms   (Site not responding. Last check: 2007-10-13)
Frank is a great believer in innovation, and he instituted the Sunshine Millions Series, a $3.6 million raceday, pitting the best Florida breds against the best California breds, at Santa Anita and Gulfstream.
Frank is able to bring from his various Magna ventures a perspective that is unique to racetrack management.
The Stronach family's commitment to first class racing comes from a more elemental source, a simple commitment to the horse: to quality bloodlines, quality racetrack performance and quality conditions for breeding, raising and training the horse.
www.adenastallions.com /?cat=2&id=10   (439 words)

  
 Thoroughbred-World
Stronach’s fame (some might say notoriety) comes from the fact that in a game as diverse as thoroughbred racing, he is the one man who would dare to be king.
In 1954, at age 22, Stronach packed a suitcase, and with a bankroll of a couple of hundred bucks emigrated from his native Austria to Canada.
Stronach’s business philosophy, his many critics would agree, is far askance from what has made him one of the world’s most successful horse entrepreneurs.
www.thoroughbred-world.com /artman/publish/article_2936.shtml   (992 words)

  
 Hall of Fame - Builder - Frank Stronach, 2002
Stronach's trophy room is filled to the ceiling with Sovereign Awards for excellence in Canada and Eclipse Awards, which goes to the leading horses, owners, breeders, etc., in the United States.
Stronach's horses have earned many, many millions when he was voted the leading breeder and owner in the U.S. for three successive years – 1998, 1999 and 2000.
Stronach, who build and guided Magna International, an auto-parts manufacturing plant in Canada, into one of the world's great success stories, owns three Adena Springs Farms: in Aurora north of Toronto, Kentucky and Florida.
www.canadianhorseracinghalloffame.com /builders/2002/Frank_Stronach.asp   (472 words)

  
 Yves Landry Foundation   (Site not responding. Last check: 2007-10-13)
Frank Stronach is the founder and Chairman of Magna International Inc., one of the world's largest and most diversified suppliers of automotive components, systems and modules.
Stronach introduced to the Corporation his management philosophy, which is known as Fair Enterprise.
Stronach has served on numerous corporate, government and university boards and has provided assistance to a wide range of charitable and community service organizations.
www.ylandryfund.org /person_of_the_year_2004.shtm   (411 words)

  
 CTV.ca - Frank Stronach mum on Tobin's departure- CTV News, Shows and Sports -- Canadian Television
Stronach repeatedly balked at providing detail on events leading up to Tobin's decision to leave after less than six months.
Stronach also offered no change in his position on a controversial move by MI Developments (TSX:MIM.A) to pay $285.8 million in stock and cash for the 38 per cent of horse-track operator Magna Entertainment Corp. (TSX:MEC.A) that it doesn't already own.
In response to an institutional investor pressing for a shareholder vote on the MEC takeover, Stronach replied that "this company will not be driven by institutions alone," suggesting that a short-term focus of big stockholders _ "to institutions sometimes a week is a lifetime" _ could override the interests of workers and other stakeholders.
www.ctv.ca /servlet/ArticleNews/print/CTVNews/1093282774483_88691974?hub=Canada&subhub=PrintStory   (734 words)

  
 KTFMC.org - Kentucky Thoroughbred Farm Managers' Club
Stronach to reconsider his declination of a seat on the NTRA Board.
He cited Frank Stronach's call for democracy in the NTRA as irrelevant ("I have never been able to grasp…what relevance pure democracy has to the operation of what are basically business or trade organizations.").
The speech concluded with another call for Stronach to reconsider his position, noting that an election will be held within the next 30 days to fill an empty West Region (racetrack) seat on the NTRA Board.
www.ktfmc.org /meetingminutes/index.cfm?date=012001   (958 words)

  
 news
Frank Stronach's invigorating speech, presented last Thursday at UMBS when he received the entrepreneur award, mixed a homespun personal philosophy with years of experience in getting the job done.
Frank Stronach emigrated from Austria to Canada in the late 1950s with nothing to his name but a working background in tool and machine engineering.
Frank also encouraged his listeners to use a civilized approach and cultivate a sense of corporate citizenship to temper individual pursuits (Magna contributes 2% of its profits to charity).
www.umich.edu /~msjrnl/backmsj/032398/current/news.html   (3321 words)

  
 Pricci: Best horse, most enigmatic owner - Horse Racing - MSNBC.com   (Site not responding. Last check: 2007-10-13)
Indeed, it is very likely that more people have heard of his controversial owner, Frank Stronach, than his home-bred son of Awesome Again, the only Breeders‘ Cup Classic winner ever to sire a Breeders’ Cup Classic champion.
What separates Stronach is a model he calls “Fair Enterprise,” whereby the successful company invests in people.
And that’s a good lesson for Stronach, for many of the racetracks owned by his Magna Entertainment Corp. presently are floundering.
www.msnbc.msn.com /id/6448213/did/7966979   (1042 words)

  
 TheStar.com - Stronach to cut his losses in Austria   (Site not responding. Last check: 2007-10-13)
Stronach arrived on the scene in 1998 as a fantasy investor — a lifelong fan with deep community roots and a bottomless bank account.
A year after his investment in Austria, as the club is known, Stronach also became president of the country's football league.
Stronach shocked everyone last week by announcing he also plans to resign his post as Bundesliga chief tomorrow.
www.thestar.com /NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1133391012563&call_pageid=968867503640&col=970081593064&t=TS_Home   (632 words)

  
 ESPN.com - Triple Crown 2000 - Stronach should have sent Bullet to Belmont
Frank Stronach was a happy man at Pimlico, but won't send Red Bullet to Belmont.
Stronach decided that the 1½-mile Belmont might knock out a colt that has raced only five times, even though he's healthy and in great form.
Stronach is one of the thoroughbred world's ultimate honchos, on a par with Sheikh Mohammed al Maktoum of Dubai.
espn.go.com /horse/TripleCrown00/s/bullet_mcnamara.html   (873 words)

  
 CTV.ca | Stronach launches Conservative leadership bid
Stronach also vowed to chase the steep political learning curve, as she plots her bid for the new party's top job and her plan to contest the federal riding of Newmarket-Aurora.
By Tuesday night, Stronach was on the campaign trail holding her first official meeting with potential supporters and organizers in Winnipeg, Manitoba.
Some said they were on hand to give Stronach their support while others said they had merely come on a fact-finding mission.
www.ctv.ca /servlet/ArticleNews/story/CTVNews/1074600294320_100?hub=CTVNewsAt11   (1006 words)

  
 Socialist Worker / www.socialist.ca
They usually go on to say that attacking Stronach because she is rich is a form of discrimination, as if billionaires are somehow an oppressed minority, poor babies.
The Stronach fortune is based, not on the brilliance of Frank nor the business acumen of Belinda, but on union busting.
But I do know that Stronach stands for some very clear values: she is for globalization; she is for privatization and profiteering; she is against unions; she is for corporate control over the admittedly limited institutions of our democracy.
www.web.net /~sworker/En/SW2004/418-09-Belinda.html   (842 words)

  
 His way or the highway: Frank Stronach is God's gift to shareholders. Don't believe it? Just ask him | Managing | ...
And he'll answer charges that MEC is just another one of Frank's follies—some of its shareholders want it to sell off the racing assets that Stronach has worked so hard to cobble together over the past six years.
According to Stronach, entrepreneurs need freedom to fly, but rules and regulations and shareholder activists are clipping their wings.
Stronach says that's a problem—if you want to see more companies like Magna, which spends millions on golf and keeps a yacht in Florida.
www.canadianbusiness.com /managing/strategy/article.jsp?content=20060109_103241_4508   (1052 words)

  
 Railbird: Odd Couple of NY Racing
The New York Times has a long, front-page article on the evolving relationship of Marylou Whitney, "the doyenne of racing," and Magna owner Frank Stronach, and how the two could affect the future of New York racing.
Stronach envisions horse racing as the anchor of a 24-hour, seven-day-a-week global gambling and entertainment colossus.
That Stronach guy at least seems to realize that racing in its current form is dying, unlike the society doyenne lady.
www.jessicachapel.com /railbird/archives/000729odd_couple_of_ny_racing.html   (416 words)

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