Frank Stronach, CM (born September 6, 1932 as Franz Strohsack) is an Austrian and Canadian businessman. He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, and Magna Entertainment Corp., which specializes in horse-racing entertainment. Seal of the Order of Canada The Order of Canada is Canadas highest civilian honour, with membership awarded to those who exemplify the Orders Latin motto Desiderantes meliorem patriam, which means (those) desiring a better country. ... September 6 is the 249th day of the year (250th in leap years). ... Year 1932 (MCMXXXII) was a leap year starting on Friday (the link will take you to a full 1932 calendar). ... Magna International Inc. ... Motto: Youre in Good Company This map shows the location of Aurora, in relation to York Region. ... This article needs to be cleaned up to conform to a higher standard of quality. ... This does not adequately cite its references or sources. ...

Early life and family

Born Franz Strohsack in the small town of Kleinsemmering, Styria, Austria to a working-class couple. His childhood was marked by the Great Depression and the Second World War. Styria redirects here. ... The Great Depression was a time of economic down turn, which started after the stock market crash on October 29, 1929, known as Black Tuesday. ... Mushroom cloud from the nuclear explosion over Nagasaki rising 18 km into the air. ...

At 14, he left school to apprentice as a tool and die maker. In 1954, he arrived in Montréal, Canada, and later moved to the province of Ontario. {{Canadian City/Disable Field={{{Disable Motto Link}}}}} Motto: Concordia Salus (Salvation through harmony) Ville de Montréal, Québec, Canada Location. ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Official languages English (de facto) Capital Toronto Largest city Toronto Lieutenant-Governor James K. Bartleman Premier Dalton McGuinty (Liberal) Parliamentary representation  - House seats  - Senate seats 106 24 Area Total  - Land  - Water  (% of total)  Ranked 4th 1,076...

He is married to Elfriede Sallmutter, also from Austria originally, and has two children: Belinda Stronach, a Liberal (formerly Conservative) MP and former CEO of Magna, and Andrew Stronach, who is recognized as one of the keenest analysts of horse bloodlines.^{[citation needed]} Belinda Caroline Stronach, PC, MP (born May 2, 1966 in Newmarket, Ontario) is a Canadian businesswoman, politician, and a Liberal Member of Parliament (MP) in the Canadian House of Commons. ... The Liberal Party of Canada (French: ), colloquially known as the Grits (originally Clear Grits), is a Canadian federal political party. ... The Conservative Party of Canada (French: Parti conservateur du Canada), colloquially known as the Tories, is a right-leaning conservative political party in Canada, formed by the merger of the Canadian Alliance and the Progressive Conservative Party of Canada in December 2003. ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ...

Business career

In 1957, he started his first business, Multimatic Investments Ltd., in the old manufacturing district of Toronto. In 1969, his firm acquired its first automotive parts contract and merged with Magna Electronics. In 1973, the name was converted from Multimatic Investments Ltd to Magna International Ltd., Over the following decades, after several mergers and acquisitions, his business gradually became the major force it is today. 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. The labour movement (or labor movement) is a broad term for the development of a collective organization of working people, to campaign in their own interest for better treatment from their employers and political governments, in particular through the implementation of specific laws governing labor relations. ...

Recently, Stronach has been criticized for his multiple voting shares, which allow him to have majority voting power despite owning only 4% of Magna's equity. His pay packages in the past few years which have been around $30 to 50 million CAD have also aroused concern since he only holds the non-operational role of non-executive chairman, although he still wields vast power in this position (Brian Tobin quit as CEO of Magna's entertainment division, likely because Stronach would not give him autonomy to operate). As a result, Ontario Teachers Pension fund withheld their votes from Stronach and his close allies when it came time to re-elect Magna's board of directors. Some proponents of corporate governance have even made analogies between Stronach and Conrad Black's control of Hollinger Inc. Stronach's blunt response was to tell unhappy investors "if they don't like the restaurant, then don't eat there". ISO 4217 Code CAD User(s) Canada Inflation 2. ...

Thoroughbred horse racing

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. Among Stronach's early successes was his partnership with Nelson Bunker Hunt in the colt Glorious Song who was voted the 1980 Sovereign Award for Canadian Horse of the Year. Frank Stronach's horses have won the Queen's Plate in 1994 and 1997, the Belmont Stakes in 1997, and the Preakness Stakes in 2000. His horse Ghostzapper won several major races including the 2004 Breeders' Cup Classic, was voted the Eclipse Award for Horse of the Year, and named the World's Top Ranked Horse for 2004. Thoroughbred race horses The Thoroughbred is a horse breed best known as a race horse. ... Horse-racing is an equestrian sporting activity which has been practiced over the centuries; the chariot races of Roman times were an early example, as was the contest of the steeds of the god Odin and the giant Hrungnir in Norse mythology. ... Magna Entertainment Corporation is a gaming and horse racing company in North America with several holdings in Europe and Australia. ... Alternative use: Race track Racetrack is a pencil and paper game, nominally for two players. ... Nelson Bunker Hunt (born February 22, 1926, in El Dorado, Arkansas) is an American businessman. ... The Sovereign Award for Horse of the Year is a Canadian thoroughbred horse racing honor given annually since 1951 by the Jockey Club of Canada. ... The Queens Plate is North Americas oldest thoroughbred horse race, run at a distance of 1 1/4 miles for 3-year-old thoroughbed horses, foaled in Canada, run annually in July at Woodbine Racetrack, Etobicoke (Toronto), Ontario. ... The Belmont Stakes is a prestigious Grade I stakes race held yearly in June at Belmont Park in Elmont, New York. ... The Preakness Stakes is a classic 1 3/16 mile (1. ... The racehorse Ghostzapper won the Breeders Cup Classic in 2004, outdistancing Roses in May by three lengths in a stakes record of 1:59. ... The Breeders Cup Classic is a Thoroughbred horse race for 3 years old and up. ... The Eclipse Award for Horse of the Year is the highest honor given in American thoroughbred horse racing. ... The World Thoroughbred Racehorse Rankings (WTRR) are compiled by the International Federation of Horseracing Authorities (IFHA), an organization established in 2003 with headquarters in Paris, France made up of members from around the world. ...

In Canada, Frank Stronach/Stronach Stables has won the Sovereign Award for Outstanding Owner nine times. In the United States, Stronach earned the Eclipse Award for Outstanding Owner in 1998, 1999, and 2000. The Sovereign Award for Outstanding Owner is a Canadian Thoroughbred horse racing honor. ... Eclipse Award for Outstanding Owner is an American Thoroughbred horse racing honor for racehorse owners. ...

In 2000, Frank Stronach won the Eclipse Award for Outstanding Breeder. He subsequently established Adena Springs Farms which owns horse breeding farms in Kentucky, Florida and Canada and won the Eclipse Award for Outstanding Breeder in 2004, 2005 and 2006. Eclipse Award for Outstanding Breeder is a American Thoroughbred horse racing honor for breeders. ... Horse breeding is the process of using selective breeding to produce additional individuals of a given phenotype, that is, continuing a breed. ... Official language(s) English[1] Capital Frankfort Largest city Louisville Area  Ranked 37th  - Total 40,444 sq mi (104,749 km²)  - Width 140 miles (225 km)  - Length 379 miles (610 km)  - % water 1. ... Official language(s) English Capital Tallahassee Largest city Jacksonville Largest metro area Miami Area  Ranked 22nd  - Total 65,795[1] sq mi (170,304[1] km²)  - Width 361 miles (582 km)  - Length 447 miles (721 km)  - % water 17. ...

Politics

He was a candidate of the Liberal Party of Canada in the 1988 federal election for the riding of York—Simcoe, but was defeated by the Progressive Conservative John Cole. He is the father of Belinda Stronach, the Liberal MP for Newmarket—Aurora. The Liberal Party of Canada (French: ), colloquially known as the Grits (originally Clear Grits), is a Canadian federal political party. ... Map of the Popular Vote with bar graphs showing seat totals in the provinces and territories The Canadian Parliament after the 1988 election The Canadian federal election of 1988 was held November 21, 1988, to elect members of the Canadian House of Commons. ... York—Simcoe in relation to Southern Ontario ridings York—Simcoe is a federal and provincial electoral district in Ontario, Canada, that has been represented in the Canadian House of Commons from 1968 to 1979, from 1988 to 1997 and since 2004. ... This article or section does not adequately cite its references or sources. ... Belinda Caroline Stronach, PC, MP (born May 2, 1966 in Newmarket, Ontario) is a Canadian businesswoman, politician, and a Liberal Member of Parliament (MP) in the Canadian House of Commons. ... Newmarket—Aurora is a federal and provincial electoral district in Ontario, Canada, that has been represented in the Canadian House of Commons since 2004. ...

Magna International has also been noted for its connections to the Ontario PC Party and the Ontario Liberal Party. The Ontario Progressive Conservative Party (PC Party of Ontario) is a right-of-centre political party in Ontario, Canada. ... The Ontario Liberal Party is a center-right provincial political party in the province of Ontario, Canada. ...

These connections were most famously exhibited when Progressive Conservative Premier Ernie Eves and Finance Minister Janet Ecker delivered the 2003 Ontario budget from a Magna plant. This led to accusations that the government was violating centuries of parliamentary tradition, and is generally believed to have had a negative impact on the Progressive Conservatives in the next provincial election. Ernest Eves (born June 17, 1946) was the twenty-third Premier of the province of Ontario, Canada, from April 15, 2002, to October 23, 2003. ... Janet Ecker (born October 18, 1953 in Simcoe, Ontario) is a politician in Ontario, Canada. ...

Activities in Austria

In 1986, Stronach founded Magna Europa, with headquarters in Oberwaltersdorf, Lower Austria. Map of Lower Austria showing districts and the four quarters (Waldviertel in green, Weinviertel in red, Mostviertel in yellow and Industrieviertel in blue) Lower Austria (de: Niederösterreich) is one of the nine states or Bundesländer in Austria. ...

Stronach started to become a notable figure also in the Austrian public in the late 1990s. In 1997, he announced the project to build an amusement park in Ebreichsdorf, which would have included a giant globe representing the earth that would have been 110 m high and visible from every point in the Viennese Basin. The project failed due to severe public opposition. This article or section does not adequately cite its references or sources. ... Antarctica Oceania Africa Asia Europe North America South America Middle East Caribbean Central Asia East Asia North Asia South Asia Southeast Asia SW. Asia Australasia Melanesia Micronesia Polynesia Central America Latin America Northern America Americas C. Africa E. Africa N. Africa Southern Africa W. Africa C. Europe E. Europe N... Adjectives: Terrestrial, Terran, Telluric, Tellurian, Earthly Atmosphere Surface pressure: 101. ... The Viennese Basin (German: Wiener Becken, Czech: Vídenská kotlina, Slovak: Viedenská kotlina) is a tectonic basin between the Alps and the Carpathian Mountains. ...

In 1998, Magna took over Steyr Daimler Puch. In the newly merged company Magna Steyr, he successfully prevented the establishment of works councils, in violation of Austrian labor law by reprimanding workers who were cooperating with unions. In 2003, Stronach also planned to take over VOEST, but this project failed. In 2004, a leisure center and the horse racing site Magna Racino were inaugurated at Ebreichsdorf. Magna Steyr (properly Magna Steyr Fahrzeugtechnik AG & Co KG ) is an automobile manufacturer based in Oberwaltersdorf, Austria. ... A works council is a shop-floor organization representing workers, which functions as local/firm-level complement to national labour negotiations. ... This article is in need of attention. ... A trade union or labor union is a continuous association of wage-earners for the purpose of maintaining or improving the conditions of their employment. ... voestalpine AG is an international steel company based in Linz, Austria. ... Horse-racing is an equestrian sporting activity which has been practiced over the centuries; the chariot races of Roman times were an early example, as was the contest of the steeds of the god Odin and the giant Hrungnir in Norse mythology. ...

Besides horse racing, Stronach is also interested in football. He is the main sponsor of FK Austria Vienna, which, in spite of a budget three times larger than that of its strongest competitors and the fact that Stronach is at the same time the president of the Austrian Bundesliga, has failed to completely dominate the league, winning the Austrian Championship only twice since the club was taken over by Stronach in 1999. Stronach also founded the Frank Stronach Football Academy in Hollabrunn to train and educate adolescent players. Football (soccer) - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... FK Austria Wien is an Austrian football club which plays in the capital, Vienna. ... The Bundesliga is the highest national league club competition in Austrian football, where the national football (soccer) champions are determined. ... This is a list of all Austrian Champions in football: By year 1912 Rapid Vienna 1913 Rapid Vienna 1914 Wiener AF (WAF) 1915 Wiener AC (WAC) 1916 Rapid Vienna 1917 Rapid Vienna 1918 Floridsdorfer AC 1919 Rapid Vienna 1920 Rapid Vienna 1921 Rapid Vienna 1922 Wiener Sportclub 1923 Rapid Vienna... Bezirk Hollabrunn is a district of the state of Lower Austria in Austria. ...

Due to opposition among prominent members of FK Austria Vienna, Stronach decided on November 21, 2005 to withdraw from the club. On November 24, he also decided not to seek re-election as president of the Austrian Bundesliga. However, the Frank Stronach Football Academy continues to operate. November 21 is the 325th day of the year (326th in leap years) in the Gregorian Calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... November 24 is the 328th day (329th in leap years) of the year in the Gregorian Calendar. ...

Stronach also has close ties to many Austrian top politicians from various parties. Former finance minister Karl-Heinz Grasser (then member of the Austrian Freedom Party, supported by the Austrian People's Party) worked for Magna for some time after leaving politics following a dispute with his mentor Jörg Haider. Andreas Rudas, a former leading member of the Social Democratic Party of Austria, is currently employed by Stronach. Karl-Heinz Grasser (born January 2, 1969) is an Austrian politician who currently holds the office of Austrian Minister of Finance. ... The Austrian Freedom Party (Freiheitliche Partei Österreichs, abbreviated to FPÖ) is an Austrian political party usually associated with the name of Jörg Haider. ... The Austrian Peoples Party (de:Österreichische Volkspartei, or ÖVP) is an Austrian political party. ... Jörg Haider in Carinthia (promotional photo) Jörg Haider (born 26 January 1950) is an Austrian politician. ... The Social Democratic Party of Austria (German: Sozialdemokratische Partei Österreichs, or SPÖ) is one of the oldest political parties in Austria. ...

Hurricane Katrina

On September 6, 2005, Frank Stronach announced that he and Magna International were committing $2 million to start a model community for people displaced by Hurricane Katrina. The Toronto Star reported that "Magna Entertainment Corp. is [currently] providing housing for about 260 evacuees from the New Orleans area at a racetrack training facility in Palm Beach County, Fla., and will move them to a new community in November. Auto-parts giant Magna International Inc. and MEC are scouting for about 500 to 1,000 acres [2 to 4 km²] in an area of Baton Rouge in Louisiana to set up trailers and infrastructure... 'we would like to build a small community where we would try to be sponsors for the next five to seven years,' [Stronach] said in an interview." [1] Some further details were announced on October 6, 2005 and the new development will be called Canadaville. September 6 is the 249th day of the year (250th in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Magna International Inc. ... Lowest pressure 902 mbar (hPa; 26. ... The Toronto Star is Canadas highest-circulation newspaper, though its print edition is distributed almost entirely within Ontario. ... October 6 is the 279th day of the year (280th in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Canadaville is a project by Canadian industrialist Frank Stronach to build an experimental model community for people displaced by Hurricane Katrina. ...

Honors

In 1999 he was made a member of the Order of Canada. Seal of the Order of Canada The Order of Canada is Canadas highest civilian honour, with membership awarded to those who exemplify the Orders Latin motto Desiderantes meliorem patriam, which means (those) desiring a better country. ...

On November 22, 2004, Frank Stronach was awarded the title of an honorary professor of practical business management at the Graz University of Technology. November 22 is the 326th day (327th on leap years) of the year in the Gregorian calendar. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... The meaning of the word professor (Latin: one who claims publicly to be an expert) varies. ... Graz University of Technology is (after Karl-Franzens-University) the second largest university in Styria, Austria. ...