Magna Cum Laude
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Magna Cum Laude
How Frank Stronach Became Canada's Best-Paid Man
Written by Wayne LilleyWayne Lilley Author Alert
Category: Biography & Autobiography - Business; Business & Economics; Biography & Autobiography
Format: Trade Paperback, 408 pages
Publisher: Douglas Gibson Books
ISBN: 978-0-7710-4638-4 (0-7710-4638-3)

Pub Date: March 4, 2008
Price: $22.99

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Magna Cum Laude
Written by Wayne Lilley

Format: Trade Paperback
ISBN: 9780771046384
Our Price: $22.99
   Quantity: 1 

Also available as an eBook.
About this Book

The first biography of one of Canada’s most elusive and controversial billionaires.

This is a solid, thorough business book about Frank Stronach, Canada’s most famous rags-to-riches story. The outline is well known: a young Austrian immigrant arrives in Canada in 1955 with fifty dollars in his pocket. He takes menial jobs like washing dishes until he can start a tiny machine shop in Toronto in 1957. The Auto Pact opens up the car-parts business. The company grows and grows, spawning many small union-free factories, until from its Aurora base it employs more than seventy thousand people, and Frank as chairman and owner can pay himself over $54 million in salary.

Yet Wayne Lilley’s book will be the very first about this eccentric, larger than life figure. As a result of dogged research, he has built up a detailed, step-by-step picture of how Magna grew — and recovered from the brink of disaster in 1990, to its present gigantic size.

It’s an amazing story of business success, stranger than fiction, that along the way takes us into the world of car-making, of horse racing (Stronach owns more than 1,000 thoroughbreds and 11 tracks in North America), and of politics (where Frank and his daughter Belinda have both played a role). Yet all the while a shareholders’ 2006 lawsuit against Stronach’s control of the company is ticking like a time bomb . . .

From the Hardcover edition.

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Review Quotes

“A judicious, balanced, lively trip through Frank’s balance sheets.” — Globe and Mail

“Lilley’s research is exhaustive, without being excessive. . . . Magna Cum Laude is a fascinating account of the juggernaut that’s Frank Stronach.” — Winnipeg Free Press

“Wayne Lilley [is] a seasoned business observer who has been writing about Stronach and his $23-billion business empire for decades. . . . The author has done his homework.” — National Post

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About this Author

Wayne Lilley is a veteran business journalist. Over more than thirty years as a journalist he has worked for the Globe’s ROB magazine, Canadian Business, and as executive editor for the National Post Business Magazine, winning two National Magazine Awards along the way. This is his first, long-awaited book.

From the Hardcover edition.

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