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Frank Stronach’s court fight threatens to put his business legacy on the ropes [Toronto Globe and Mail (Ontario, Canada)]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Frank Stronach’s court fight threatens to put his business legacy on the ropes Like a boxer who has stepped into the ring too many times, entrepreneur Frank Stronach is seeing his business reputation take a pounding in an increasingly nasty courtroom battle with his daughter and her allies for control of the family’s fortune. At the age of 86, Mr. Stronach should be basking in the glow of his Business Hall of Fame achievements as founder of Magna International Inc., now one of the world’s largest auto-parts companies. The Austrian native’s failed side ventures – remember Frank’s Energy Drink, with the ad campaign in 26 that featured lederhosen-clad women and the slogan “keeps you yodelling all night long”? – would be amusing footnotes to a storied career. Instead, Mr. Stronach launched a court fight last October against daughter Belinda Stronach, two of his grandchildren and Alon Ossip, former chief executive of The Stronach Group, that is likely to define his legacy around projects t Show less Read more
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