Frank Stronach – Changing the World Through Business and Philanthropy

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’s Plan for People to be Happy and Free Economically.

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:

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

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Automotive Industry

Find out about Stronach’s revolutionary ventures in the automotive industry, including the creation of the iconic Magna International.

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Real Estate Development

Explore Stronach’s innovative projects in real estate development, combining sustainability and architectural excellence.

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Green Energy

Discover how Stronach has played a pivotal role in advancing zero-emission solutions globally, shaping a greener and more sustainable future.

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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.

Unleash small business by exempting them from corporate taxes

Small businesses are often described as the backbone of our economy — and that’s because they are. They develop new products and technologies that drive economic growth and create new jobs. But if small businesses are so important, why aren’t we doing more to support their success and foster even greater growth? Small businesses bore the brunt of the economic fallout during the pandemic. The on-again, off-again lockdowns dried up revenue, drove away customers and made employee retention very difficult. I often wonder how many of the small businesses that went under during the pandemic could have become another Magna International? Legendary entrepreneur Richard Branson famously said that all big businesses start small. When I started Magna, I opened up

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Fixing capitalism by mandating profit sharing

One of my favourite books published over the last few years is “Saving Capitalism: For the Many, Not the Few,” by Robert Reich, a public policy professor at UC Berkeley and secretary of labour in the Clinton administration. Reich’s main argument is that capitalism is damaged and that the rich are getting richer while the poor and middle class are getting poorer, creating the greatest income inequality and wealth disparity in nearly a century. He’s right that capitalism is a system that enriches only a few. I also agree with Reich’s call for a revival of corporate profit sharing, which was much more widespread in the 20th century, when some of America’s biggest and most well-known companies had profit-sharing programs.

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Business magnate Frank Stronach calls for more companies to embrace ‘fair business’ approach

Frank Stronach, the founder of automotive parts supplier Magna International, a company he started in a garage and now has sales of over US$35 billion, has a few ideas about how to make Canada more prosperous, democratic and free. On Tuesday night, the Order of Canada recipient and 2023 Executive in Residence at the University of Toronto Scarborough delivered the first of two planned special lectures. Much of his talk focused on his management philosophy called fair enterprise, a profit-sharing model he credits for accelerating the growth of Magna. According to Stronach, once employees at Magna participated in profit sharing, the company’s revenue increased 60 per cent in the first year, 100 per cent in the second and 200 per

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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

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Who’s looking out for our small businesses?

Many Canadians have bought some lumber or kitchen and bathroom accessories at Home Depot over the years. The company, which opened its first stores just outside of Atlanta, Georgia in 1978, has grown into what is today the world’s largest improvement retailer with approximately 2,300 stores throughout North America. A few weeks ago, one of the co-founders of Home Depot said that if he were to start his company all over again in today’s suffocating business environment, he doubts whether it could have ever grown any larger in size than around 15 stores. I’ve often wondered myself if I were to start Magna all over again today, instead of more than 50 years ago, would I have been able to

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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

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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.

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Articles & Publications

Explore a curated collection of articles and publications that shed light on various aspects of Stronach’s life and work.

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Videos & Interviews

Watch insightful videos and interviews featuring Frank Stronach, offering valuable knowledge and inspiration.

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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.

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