We have heard many stories of feuds between rich and powerful families, which are nothing more than inheriting the struggle for family property from the previous generation, thus staged scenes of infighting.

However, just last year, the High Court of Ottawa, Canada, accepted a giant dispute case that sensationalized the whole country, which really made many people who ate melons fall below the glasses.

It turned out that Frank Stronach, the former leader of the stronach family group, the founder of the largest auto parts company in North America and the richest Canadian, took his family heiress Belinda Stronach to court, claiming not only 500 million yuan, but also regaining control of the family group. .....

Frank stronach and his daughter Belinda.

The rich father once trained his daughter to be a business elite and handed over the huge family business to her. Why does he have a quarrel with his daughter now and resort to the law? !

This strange feud of wealth and power, let's start from the beginning … ..

Frank Stronah 1932 was born in an ordinary worker's family in Austria. As a child, Frank went through the Great Depression and World War II. He followed his family and struggled to survive. /kloc-When he was 0/4 years old, Frank had to drop out of school to be an apprentice to a tool and mold manufacturer because of family difficulties. After several years of work, although I have learned some mechanical skills, life can only be a subsistence.

1954, 2 1 year-old Frank thought about it and decided to leave home for a trip. He was pregnant with 200 yuan and went to Canada alone.

The days when he first arrived in North America were extremely difficult. Frank finally gained a firm foothold and began to complete the primitive accumulation step by step.

Three years later, Frank opened a tool and mold shop with the first bucket of hard-earned gold, which is also the prototype of his future auto parts giant. The business of tool and mold shop is surprisingly hot. Frank's business has expanded very rapidly, and the shop has also rapidly grown into a company.

Frank continued to be steady and steady in business, and his company gradually accumulated a reputation and considerable strength in the industry.

After 10 years of struggle, 1969, Frank's company acquired Magna Electronic Industry Parts Company and transformed it into Magna International, an international company specializing in automobile parts.

His career is booming, and Frank has not forgotten his personal life. He married a girl who had been in love for many years and was also from Austria, Elfriede. After several years of marriage, he gave birth to his daughter Belinda and his son Andrew.

Having a successful career, a happy family and children, this is a life that Austrian mechanical apprentice Frank never dreamed of.

Frank treasures this hard-won thing very much. During his career, he continued to work hard to expand his industry from auto parts to agriculture and real estate. On the family side, he is determined to give his daughter and son the best material environment and educational conditions so as to inherit his huge industry in the future.

My daughter Belinda has felt this way since she was a child. Compared with other children from rich families, Belinda's childhood seems a bit boring:

"My parents are traditional European immigrants. My father works very hard and my mother takes care of everything at home. Their idea is that only hard work can get the due reward. In addition to studying since childhood, I also participated in various activities to improve myself. "

In 1970s, Magna International has grown into a global leader in auto parts, and continues to expand into horse racing, gambling and other fields. Frank's personal wealth has also risen, ranking among the top richest people in Canada.

In recent years, with the prosperous career and success all the way, Frank's temper has changed a little and become more and more stubborn. Although he has excellent business intuition, it has become increasingly difficult for him to listen to other people's opinions and refuse to reflect and apologize even if he makes mistakes in decision-making.

It was from this period that Frank began to do things by feeling and make arrangements for some important things early.

He asserted a long time ago that his son was unfit to be the heir to the director. In his view, his son Andrew only inherited his obsession and obsession with details, but did not inherit his personal charm and social skills at all.

Andrew

So, after being denied early because of personality problems, Andrew let go of himself instead, and his father left him alone.

He devoted himself to his interest and his favorite agriculture. After he got married and had children, he bought a lot of land to raise cattle, and then gradually became the largest private landlord in Canada … ..

Daughter Belinda is different. In Frank's view, Belinda inherited many excellent qualities, such as persistence, courage, intelligence, extroversion and charm. She is the most suitable heir to this huge family business.

After being chosen by Frank as the favorite heir, Belinda embarked on a completely different road from her younger brother.

Born in 1966, as a princess with high hopes since childhood, her parents' requirements for Belinda have never been reduced by half. She loved sports since she was a child, lively and sociable, and tried her best to attract the attention of the spotlight. Although the family is very rich, Belinda grew up in a public school in order to maintain a grounded temperament.

Of course, Frank also generously praised his daughter, from material to spiritual love. On Belinda 16 birthday, Frank gave her a silver Camaro Z28 sports car.

It can be said that along the way, Belinda was trained by Frank according to the standard model of the heir, providing the best possible material conditions, but all aspects were strict.

Belinda didn't live up to Frank's expectations. She successfully entered York University and began to study business management.

However, less than a year later, she was ordered to drop out of school by her father. It turns out that something happened to her company. .....

Shortly after dropping out of school, Belinda, who was only 22 years old, was quickly appointed as the CEO of the company by her father. Belinda was ordered to drop out of school on the one hand because Frank firmly believed that actual combat education was more important than formal education.

On the other hand, it is also because at this time, his company is facing the biggest crisis since its establishment.

-1987 after the stock market turmoil, the company's capital chain almost broke and was on the verge of bankruptcy.

Frank specially called his daughter to his side to make her and herself suffer. Belinda witnessed her father leading the company through the worst crisis. During this period, Frank successfully adjusted the company's strategy, and then made clear the "zero debt" business strategy. The company successfully passed the customs and embarked on the fast lane of development. In the next 20 years, it never experienced a debt crisis … ..

The company is back on track and its income is rising. Unexpectedly, after he got rich, Frank began to set himself free and invest in what he liked. The Canadian super-rich first returned to his hometown of Austria, invested in the construction of a Magna theme park in the suburbs of Vienna, and then set up a luxury airline, claiming to provide luxury private flight services.

Frank's investment in various unfamiliar fields caused dissatisfaction among other shareholders of the group, but the stubborn boss still went his own way. ....

Around 2000, Frank began to seriously consider the issue of heirs. He established the Stronach Family Fund to comprehensively manage all family businesses.

In 200 1 year, his daughter Belinda was appointed as the CEO of the family group, which was equivalent to officially announcing that she was in charge of the group as an heir. At the same time, Frank sold his shares in the family and withdrew from the core management of the family group.

but ....

What Frank never expected was that his heir, his own daughter, who had been trained for many years, would cut himself open. .....

Belinda showed good business talent as soon as she took office and cleaned up the mess left by her father. Although she doesn't like horse racing, she quickly turned the long-term loss-making sports industry in the group into profit by virtue of her connections and social resources.

Many celebrities frequently appeared in her jockey club, earning enough popularity.

Under Belinda's leadership, the horse racing business has improved rapidly, and the income has even doubled in the past five years. In 20 17, the turnover was as high as 1 1 billion dollars.

With the strength of her daughter Belinda, the business of the Stronach family group is booming and becoming more and more successful, and the whole company pays tribute to the female head.

There are still many people working in the company in his original department, and Frank will ask about the company from time to time. His daughter's influence is increasing day by day, which makes the "Tai Shang Huang" feel very unhappy. He began to feel that his daughter's shadow had been hanging over him.

This feeling will come true in the near future. ....

Frank still spends money on his hobby industry, which not only caused discussion among other people in the group, but also reached the ears of Belinda, the actual power holder. After thinking for a long time, she decided to call her deputy, Frank's former subordinate, to persuade Frank to cut expenses and invest cautiously, but she was brought back to her life by her strong father:

"I don't need you to teach me what to invest and how to spend it!"

From then on, Frank began to have a strong dissatisfaction with his daughter, and several things happened next, which made the old man's dissatisfaction reach its peak. ....

On 20 15, my daughter Belinda and some old friends started their own investment company.

In the same year, her father Frank's own golf club was also ready to open. Both father and daughter spent money on their projects at the same time, of course, from the Stronach family fund. Both father and daughter had expensive projects.

To this end, lawyers of the Stronach family fund have to warn that the fund will face serious liquidity problems.

Frank was very angry when he heard the news. In his view, the daughter just beat around the bush and wouldn't let him invest:

"I've never heard of such a thing before, liquidity crisis? ! Only she can vote for this project, but I can't? ! "

At this point, it happened that someone added fuel to the fire, and some old people stood up and advised Frank to discuss with his daughter:

"After all, Belinda is now the boss of the family ..."

Maybe this sentence completely angered Frank. His anger is beyond words. In his view, the daughter who helped her get on the horse became a baiwenhang when she became the boss, but instead operated on her father. .....

The two also tried to sit down and talk, but in the end they all broke up. Frank was very angry. He told his friends that his daughter was "aggressive, disrespectful and disobedient".

At this time, Frank and his daughter Belinda have accumulated to the peak, which may break out at any time. .....

It was almost Christmas, and friends around me advised the father and daughter to get together to ease the tension. However, less than a month after Christmas, the atmosphere eased.

Belinda made a decision:

She sold her father's golf club at a discount to fill the funding gap for the new project. In addition, she fired a large number of company employees who had followed her father Frank. ....

This series of actions made his father Frank completely angry, but at this time, he only held shares for many years, while his younger brother Andrew, who was bent on family affairs and farm work, suddenly jumped out, making the feud between the giants more complicated.

Andrew, the younger brother, firmly sided with Frank, his father, accusing his sister of focusing on her own career and not seriously considering the Stronach family fund.

Belinda said she had a clear conscience. She insists that she has always taken the interests of the Stronach family fund as the starting point, and every investment is to make the family business bigger. But her father Frank's golf club is obviously a money-losing ticket-playing project and must be sold decisively. ....

In this way, after half a century's rapid development, the Stronach family group finally fell into a dispute between the rich and powerful families, and their dispute was even more bizarre than other rich and powerful families.

-is the successor of the previous generation of leaders and future generations, and has got into a place where water and fire are incompatible. .....

On Christmas Day of 20 17, my father Frank simply didn't show up at the family party because Belinda did something that deeply worried him. Belinda still insisted on cutting off those unprofitable businesses, and the luxury airline established by Frank was decisively sold by her, because referring to her past records, this so-called luxury airline neither brought convenience to family management nor brought extra profits, so Frank enjoyed several times of chartered flight by himself. ..

This seemingly reasonable business clean-up has become the fuse to completely detonate the contradiction of the Stronach family. Finally, Frank took measures against his heir, his own daughter Belinda:

Last April, Frank was furious and took his daughter Belinda to court. He sued Belinda and her two children (Frank's own grandson) for 500 million yuan, removed her daughter Belinda and her two grandchildren from the list of trustees of stronach Family Fund, and applied to the court for taking back the control of stronach Family Group!

Belinda and two children

At the end of last year, his younger brother Andrew also made a sudden attack. Together with his father, he sued his sister, demanding that Belinda and Belinda's two children be removed from the list of trustees of the Strona Family Fund.

The two men said in the indictment:

Belinda's "illegal behavior" violated the best interests of other members of the stronach family.

Belinda was also accused of using public funds for personal expenses, including parties, family vacations, luxury car trips and luxurious meals, and even spent 1 10 million yuan to repair her private office. ...

Finally, Frank never asked his advice when he lambasted his daughter for selling some industries owned by his group. .....

As a result, since last year, the court in Ontario, Canada, tried the case, and the contradiction between father and daughter and between brother and sister still showed no signs of easing. Belinda completely denied the charges against her father and brother:

"My father and brother's allegations are not true, and I will formally respond at an appropriate time. What makes me sad is that our family has come to this point ... "

"This is a dispute between stronach family members, which should be solved by family members ..."

Happy families are all alike; Every unhappy family is unhappy in its own way.

This sentence, in the giants, seems to be correct. ....

Reference:

/city/interior-500 million families-feud/

https://en.wikipedia.org/wiki/Frank_Stronach

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Ruhook: I am the most insidious. Remove my sister's family from the fund income. After the father dies, the fund will only belong to the younger brother's family.

Grandma Jia won't give up: this sister is so awesome, it is better to go it alone and steal dad's original business.

Old priest: There are far more talented people than those with resources and start-up funds. . . Talent is not a scarce commodity, but capital is.

Advice: after reading it, I found that I was not even qualified to comment on who was right or wrong. Because the flowers have not been returned this month.

Please pour a cup of tea: I thought it was my daughter's fault, but I didn't expect her to be so unhappy.

Querida _ JK: ... I feel that my daughter is really powerful and is born to be a businessman. You see, all the industries she sells are losing money. She doesn't care about other hobbies. If she can't make money, she throws it away.

There is no cat food in the landlord's house: I really feel that my daughter has done nothing wrong, and that brother is really scheming.

…………………………

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