Welcome to the official website of Frank Stronach, a visionary entrepreneur, philanthropist, and dedicated advocate for positive change. Explore his remarkable journey, impactful ventures, and commitment to making a difference.
What Drives Frank Stronach
Frank Stronach has built successful companies from scratch. Created tens of thousands of jobs, and changed the way industries operate.
Throughout his career, he has been driven by the desire to create an environment where people can reach their full potential and share in the success of the businesses he has built.
Frank Stronach champions the opportunity to accumulate wealth, escape poverty, and grow up healthy and happy. Continuously searching for ways to give people greater opportunities to improve their lives, whether through skills training, profit sharing, or programs providing children with healthy meals, Stronach is dedicated to the pursuit of individual happiness and economic freedom. His mantra underscores that the only true measurement of success is the degree of happiness attained. His core philosophy recognizes people’s fundamental desires for personal freedom, allowing them to choose their road to happiness, and economic freedom, enabling financial independence.
Who is Frank Stronach
Delve into the extraordinary life story of Frank Stronach, including his early upbringing, educational background, and the significant milestones that shaped his career.
Early Years
Explore Stronach’s humble beginnings in Austria and his unwavering determination to create a better life for himself and others.
Achievements
Learn about the numerous awards and accolades that recognize Stronach’s outstanding contributions in business and philanthropy.
The 7-Point Program
Uncover Frank Stronach’s comprehensive 7-point program aimed at driving positive change and creating a better society:
- Inclusive Education for All
- Economic Prosperity
- Strong Communities
- Environmentally Sustainable Practices
- Accessible Healthcare
- Equal Opportunities
- Leadership Development
Philanthropy & Social Impact
Enhancing Health
Discover Stronach’s initiative to promote the health and wellbeing of school children through organic food and nutritional education.
Humanitarian Efforts
Explore Stronach’s philanthropic endeavors that have made a lasting impact on communities affected by natural disasters and humanitarian crises.
Environmental Conservation
Learn about Stronach’s commitment to preserving and protecting the environment through various conservation initiatives.
Business Ventures
Automotive Industry
Find out about Stronach’s revolutionary ventures in the automotive industry, including the creation of the iconic Magna International.
2
Real Estate Development
Explore Stronach’s innovative projects in real estate development, combining sustainability and architectural excellence.
3
Green Energy
Discover how Stronach has played a pivotal role in advancing zero-emission solutions globally, shaping a greener and more sustainable future.
4
Thoroughbred Racing
Learn about Stronach’s love for horses and his influential contributions to the world of thoroughbred racing.
Media & Publications
Inspiring Books
Discover Stronach’s literary works that unveil his unique insights into entrepreneurship, leadership, and creating positive social change.
Noteworthy Interviews
Explore interviews and podcasts featuring Stronach where he shares his wisdom, experiences, and vision for a better world.
Influential Articles
Dive into thought-provoking articles written by Stronach, covering a wide range of topics from business strategies to philanthropy.
Government bureaucracy is the cholesterol clogging up the economy
Back in the early 1980s, when commercial computers first came onto the market, they were sold with a big promise: they could do the work of an entire floor of employees in a typical office building and could dramatically decrease the amount of paperwork and paper filing for businesses and organizations. But it never happened. If anything, the piles of paperwork, government forms and compliance reports that needed to be filled out increased enormously — and with it, so too did the size of our bureaucracy. As a result, today you see hundreds and hundreds more office buildings staffed with more people who devote a large chunk of each workday to regulation compliance requests. The facts bear this out: government
Is Canada still a business-friendly country?
When it comes to doing business, Canada may not be as friendly as it once was. Thirty or forty years ago, whenever my company opened a new manufacturing facility or R&D centre in southern Ontario, municipalities would bend over backwards to help us — offering everything from widening the road to installing new traffic lights. In the U.S., job-hungry local and state governments would go even further, promising major tax incentives and free land if we chose to locate there. But the business-friendly environment that existed in Canada years ago has largely vanished. Instead, businesses looking to open a store or factory get slapped with piles of paperwork and never-ending fees. I’ve been trying to get a business operation up
Whatever happened to balancing the budget?
The great British economist Adam Smith wrote in The Wealth of Nations that countries should be run like any well-managed household: they shouldn’t spend more revenue than they raise. It’s a time-honoured principle. Every family, farmer and small business owner in Canada knows that if you continuously spend more money than you make you’ll eventually go bankrupt. Why, then, does that same principle never seem to apply to governments, which routinely run deficits regardless of which party holds the reins of power?Most Canadians would agree that we have to begin paying down our national debt, but we can only do that if we first start balancing the federal budget. Following decades of budget shortfalls and an international credit rating downgrade,
Canada must slash bureaucracy to reap economic prosperity
When I was chairman of Magna International Inc., I could always tell how competitive one of our factories was the moment I set foot in the front door. All I had to do was look at how many people were working upstairs in the administrative and executive offices. When you run a factory, it doesn’t matter how productive the workers on the factory floor are if there are too many people working in administration. If overhead isn’t kept trimmed to the bone, the business will simply not be competitive. This same principle applies to countries as well as companies. One of the great dangers any democratic society faces is the enormous buildup of bureaucracy over time as government grows and
Intrusive government regulators must back off
Former U.S. president Ronald Reagan used to say that the scariest words in the English language are, “I’m from the government and I’m here to help.” Audiences loved that line because it really hit home. However well-intentioned our government officials are, they usually end up making everything a little more difficult, a little more costly and a little more complicated. About 10 minutes up the road from my office is a new eight-storey, 422,000-square-foot facility built by the local regional municipality. The new administrative office, which cost more than $200 million to build, will oversee a variety of public services and house 1,500 government employees. What worries me most is what many of these civil servants will be doing day
Giving employees an ownership stake
Giving employees a stake in the company they work for has been one of my guiding business philosophies. I’ve always believed that if employees have a real and tangible stake in the company’s success — if employees are part-owners — then they will be more motivated to produce a better product for a better price. The reason why is simple: as an owner or part-owner, you instinctively want to do everything to the best of your abilities. You want to produce work of the highest calibre because you’re part of something you take pride in. And most importantly, you know that your contributions to the bottom line will be financially rewarded. In the last federal budget, the Canadian government announced
Gallery
Philanthropy
Witness the transformative power of Frank Stronach’s philanthropic efforts through captivating images of impactful projects.
Business Ventures
Experience the spirit of innovation and entrepreneurship showcased through captivating visuals of Stronach’s successful ventures.
Personal Moments
Discover intimate moments from Stronach’s personal life, celebrating the importance of family and cherished memories.
Resources
Access a wealth of resources including articles, videos, and learning materials that delve deeper into Frank Stronach’s inspiring journey, visionary ideas, and philanthropic initiatives.
1
Articles & Publications
Explore a curated collection of articles and publications that shed light on various aspects of Stronach’s life and work.
2
Videos & Interviews
Watch insightful videos and interviews featuring Frank Stronach, offering valuable knowledge and inspiration.
3
Educational Materials
Discover educational resources designed to inspire the next generation of entrepreneurs and changemakers.
Contact
Reach out to Frank Stronach and his team to discuss collaborations, speaking engagements, or any inquiries you may have. They look forward to hearing from you.
Discover the Life and Legacy of Frank Stronach
Step into the world of Frank Stronach and experience his journey from nothing to everything. Our gallery showcases the incredible life of this billionaire entrepreneur and philanthropist, featuring interactive exhibits, entrepreneurial insights, and reflections on the industries he has impacted.