Magna founder Frank Stronach Leads an Anti-Establishment Movement

The billionaire founder of auto-parts giant Magna International is heading an anti-establishment movement. There are few who are better than Mr. Stronach. Former premiers and prime ministers are among his friends and his daughter, Belinda, was a federal minister.

Mr. Stronach is making a comeback to his native Austria at age of 81. The return is while wearing the cape of a political rebel. Team Stronach is a potential kingmaker in Austria's next coalition government. The party was newly founded in the wake of an election.

In order to seek Mr. Stronach's help, a party has to meet him on his terms. Well, he can deliver the 11 parliamentary seats. He said by telephone last week that he does not need anything from anybody.

According to Mr. Stronach, he has spent $25-million of his own money for Ross Perot-style campaign, which is aimed to bring radical reforms in the political system. He said that the system has been the same since he left Austria in 1954.

Mr. Stronach said, "We accept all international human-rights agreements, etc. from the Freedom Party. They have to make a commitment. They have to prove that they're not too much to the right".

Prof. Heinisch said the future of Team Stronach will depend upon the fact that how much time and money Mr. Stronach will continue to invest in it after the election.


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