Royal Spa
Toronto Escorts

Stronach Family Fight

Darts

Well-known member
Jan 15, 2017
23,061
11,160
113
Frank and Belinda Stronach fighting over a measly $500 million. Rich people problems. (Belinda, in a prior life, was a Conservative MP until she crossed the floor to join the Liberals.)

"Frank Stronach sues daughter Belinda for allegedly mismanaging ...
https://www.cbc.ca/news/world/frank-belinda-stronach-lawsuit-1.4858150
37 mins ago - Lawsuit in Ontario Superior Court seeks more than $500M in ... Frank Stronach, right, and his daughter Belinda Stronach are shown in 2010."
 

james t kirk

Well-known member
Aug 17, 2001
23,932
3,679
113
Frank has got to be pushing 90.

How much money does he need at his age?
 

Insidious Von

My head is my home
Sep 12, 2007
38,084
6,421
113
It's all about who controls the family estate, Belinda appears to have outmaneuvered her father, who's 86. Not the dumb slut Peter McKay made her out to be.

And speaking of estate family feuds, has anyone been watching Succession? It's based on the Murdoch family, created and written by Adam McKay (The Big Short).

 

Dougal Short

Exposed Member
May 20, 2009
1,221
10
38
It's going to make for an interesting Christmas dinner at the Stronach's
 

bemeup

Well-known member
Nov 12, 2010
2,045
2,912
113
When she was dating Tie Domi we used to call her the leaf-blower.
 

Frontstreet

Senior Member
May 16, 2016
726
550
93
Toronto, Vancouver
It will be interesting watching from the sidelines. In situations like this where wealth in conveyed to successive generations (Belinda and her children) presumably through a trust, the control of the trust can still be maintained by the patriarch/matriarch while the beneficiaries of the trust don’t have full control of the assets until the death of owner of the trust. If Frank keeps living and the court eventually rules in favour along with the other siblings of Belinda she will be out of luck. Most of Belinda’s wealth it appears comes from inheritance conveyed from Fran’s empire.
 

shack

Nitpicker Extraordinaire
Oct 2, 2001
46,705
7,980
113
Toronto
I have no particular insight into this matter other than what my gut feeling is.

Obviously Frank, an immigrant, scratched and clawed his way inch by inch every day for years and years to create his empire. If Belinda has loose purse strings and is treating Magna as her piggy bank, I can understand how he may be resentful of that. Is that enough to win? I am not qualified to answer that.
 

Darts

Well-known member
Jan 15, 2017
23,061
11,160
113
Magna might go the way of Seagram.

"The subsequent implosion has been well documented: the sale of a highly profitable stake in E.I. du Pont de Nemours & Co. to finance a foray into the film industry, the acquisition of Seagram by Vivendi in exchange for shares whose value would plummet, the dismemberment of what remained of Seagram's business."

Sorry, unable to paste the link to the Globe and Mail's interview with Charles Bronfman.
 

wazup

Well-known member
Jun 12, 2010
4,280
581
113
It will be interesting watching from the sidelines. In situations like this where wealth in conveyed to successive generations (Belinda and her children) presumably through a trust, the control of the trust can still be maintained by the patriarch/matriarch while the beneficiaries of the trust don’t have full control of the assets until the death of owner of the trust. If Frank keeps living and the court eventually rules in favour along with the other siblings of Belinda she will be out of luck. Most of Belinda’s wealth it appears comes from inheritance conveyed from Fran’s empire.
Most? I would say all, what has she ever done. They grow up in a life of comfort, no real need to have much ambition. Apparently it is over 70 million in expenses she billed. She always came across as a sleazeball. She'll probably say she was abused now and will be believed.
 

Brill

Well-known member
Jun 29, 2008
8,685
1,199
113
Toronto
Frank groomed her to take over and the company is doing well. She’s in her 50s now, time for him to shut up and get out of the way.
 

radagast

New member
Apr 8, 2014
607
2
0
Shirtsleeves to shirtsleeves
 

Darts

Well-known member
Jan 15, 2017
23,061
11,160
113
Belinda Stronach has now filed a countersuit claiming her father has pissed away $800 million of the family fortune, including $300 million in a beef farm (or sometime like that).

Most family fortunes don't survive the 3rd generation (e.g Bronfmans). This one might not even survive the 1st generation.
 

wigglee

Well-known member
Oct 13, 2010
9,819
1,603
113
I don't know the family well but I'm gonna guess that old Frank has lost his mind... sad that he has to go out with that kind of family dissension fouling things up. I did meet a guy who worked for him for a long time and he said he made Ebenezer Scrooge look like Pinball Clemons. He always seemed interesting and fun on TV though.
 

shack

Nitpicker Extraordinaire
Oct 2, 2001
46,705
7,980
113
Toronto
I'm thinking that she's a spoiled little rich girl who is used to getting her way. Mind you, back in the day she was a looker.
 

richaceg

Well-known member
Feb 11, 2009
11,551
3,627
113
I'm thinking that she's a spoiled little rich girl who is used to getting her way. Mind you, back in the day she was a looker.
she looks good for a 50 yr old...would hit it...
 
Ashley Madison
Toronto Escorts