He Turned His Employees Into Millionaires — At 93, Frank Stronach Explains How - E211

He built Magna International into one of the world's largest auto parts companies, with hundreds of factories and well over a hundred thousand employees. But the real story isn't the company's size. It's what he did with the profits. Instead of keeping them at the top, he split them with the people on the floor. Today's guest is Frank Stronach, founder of Magna and the mind behind the Economic Charter of Rights, the profit-sharing model that made it happen. We get into the handshake deal that started it all, why he walked away from a $40 billion company to go all in on farming and horse racing, and the succession plan he built so his own family's fortune doesn't end up like most family businesses do.