Yeah I'm currently at trade school being payed for by magna in a building named after magna.

I've got two friends who became millionaires because of Frank's help.

Stronach has been convicted of multiple sexual assaults in 2023 and just recently, in 2024.

He earned so much*, he wasn't just given it. and I would disagree, it is not unprecedented... it is very common among billionaires, actually. But this is a nuanced topic... so allow me, this is my perspective on this: Most smart business people aim to pay more than they have to when they are hiring competent personelle. Also "giving back" is what a business does by creating superior products and services and offering them to customers and then using that revenue to create jobs (risk free money making opportunities) for other people, then the customers repay that value with value coupons aka money. The bill is settled at this point. The customer has given back the value he received from the business and the business can service the cost of continuing to bring that value to more people. that is an even exchange.There is no need for "giving back" from the business to the people after that. The transaction is settled when the money hits the company bank account. Also, then, Employees get a fair wage for helping the business by solving internal problems. And yes, of course they deserve to be paid fairly for it. that's why there is a labor market to make sure the wage is appropriate and reflects the demands of the workers. And If the employee agrees to the wage, it is just, because he can decline the offer and also counter. But obviously there are several ways one could organize this. Not all workers want to carry risk. Most don't, in fact. So in order to actually go about this in a way that is sustainable you need to hire the right people. But the share of the profits is fairly distributed according to the share of the responsibility and risk in the business, so employees get less of a share than the people who run the business and the people who carry its risk and supply it with resources before they are selling anything, aka the owners. That is also fair and just. I agree with him though, that over regulation and over taxation hinders people getting what they deserve to get and just hollows out the productive capacity of the economy for the people. the only beneficiary of high taxes and over regulation, on paper, is the government as it takes people to administer the nonsense. But even the government would have higher revenue with lower taxes as history shows so... yeah it's more complicated than just "we need to pay workers". And the way he distributed it is key here. because he did it sustainably and kept the weighting right, then there isn't a problem. But this is a complex topic. The way he did it is very smart. I would do it the same way, pay half in cash and half in shares so the workers are incentivized correctly.

@@leoxd7029Yea, but what he did would be utterly impossible today- especially in Canada. Elon is trying to do this too, and getting attacked at every turn

Can't see it 😉 "So Tom, you've written this book, "Intellectuals and Society", what's that about? 😂

​@@djh."Well, its about intellectuals and society"

Won’t happen. Getting rid of Trudeau will be a start- but even that won’t solve the problem of our gynocentric government treating citizens as small children

Yes, I noticed that as well. What starts off as a rambling tangent does end with some good insights.

Haha, indeed!😄

This is the model most of these "economic democratic co-ops" use. In the end, the best way to ensure employment is having skills employers need and negotiating for a decent wage.

He is Austrian

Offer an experienced person slightly more than they're currently making in salary and shares, include a shotgun clause in your contract so you can gain required permits, and then potentially buy that value back from them once they hire more talent or exit.

Guess, the question is how to handle $5000.

Actually though.

Find out what the minimum amount you can live on is and reduce it by 10% and save the remainder.

By exploiting people and having sociopathic tendencies like all billionaire CEOs.

Fined a great mentor

Never too late mate. I'm stating something at 68.

Look up a biography on Colonel Sanders :) It's never too late and with today's tech you could DEFINITELY do it !

Never say it’s too late! Ask your brain to solve the problem of what idea you would like to build a business around.

The man who invented Grey Goose was 78 at the time. Colonel Sanders was 62 when the first KFC opened. You're not as old as society wants you to think you are, you still have plenty of time to build a tremendous future for yourself and your family.

Whats so hard about the business idea? Find a service people need, preferably one that pays reasonably well and is scaleable, start working for someone else, impress your customers and open your own shop. If you're good your service will sell itself. Then hire employees and scale. There's no mystery to it. Great ideas are not necessary. What Stronach did wasnt a great idea. He just made tools for his customers. He didnt set out to cure cancer.

The point is, he tied an onion to his belt, which was the style at the time.

Problem solving.

​@@umer_69 "Problem solving" Is very broad expression to say the least, as in it can't be assigned to any field or precise activity...and lets not kid ourselves, if the problem is complex, not every one is good at it.

Exactly the question I had…

Geh bitte Frankie Boy und sein Team😂

Yes. Still, by the way he talks he seems to think "capitalism" is the problem and that politicians are the solution.

@@vladmordekeiser1054 Funny how all the WEF elites seem to be obsessed with the same kind of "solutions" that Karl Marx wrote a lot about. But that doesn't make any sense, they're "capitalists", right?

@@vladmordekeiser1054 I certainly didn't hear that!

way to blame peoples problems on anyone but themselves lol. Mental health issues have a cause. that cause is the persons decisions and their mental health is a consequence of those choices. Not their employer XD. Most folks in the business world... do already follow these principles. There is a labor market for a reason.

@@leoxd7029C’mon man. Are you trolling? Do you even live in Canada, or the West for that matter? I’ve read your other comments and I wonder what your game is

Someone will tell this same story 50-60 years from now. The times may not be the same but the principles don't change.

@@toku_gawa Keep believing so.

What is your hobby if I may ask?

There should be subtitles for this bloke, he might be a brilliant CEO but I know of foreign barmaids who speak better english than him. Besides english is not that difficult a language to learn. How long has he lived in Canada? And his accent is still this strong and he still makes this many mistakes? Whatever happened to "be precise in your speech"? Consider me uninspired. 😆

@@Malthus his English is perfect

​@@Malthuskeep crying løser

@@farkovukints-jn3iz Sure bud.

@@umer_69 Ouch! I thought snowflakes only roamed in leftist comments sections...consider me unsurprised.

It's called the trickle down effect.

Not a them and us mentality as this is very unproductive.

Big business are continuing to want to make more and more money every year.

100%. Mr. Stronach assumes things like a stable currency, a high trust society, a certain spiritual baseline that we can no longer take for granted. Things like "economic rights" ride on top of more fundamental cultural layers.

@@jacquedegatineau9037 Additionally, while I like this idea of profit sharing, I'm wary of it descending into "means of production" type thinking. But that's more a criticism of the population's response rather than the man himself.

Americans seem to be blaming dealers and stores for higher prices and have no idea that runaway government spending has caused a devaluation of the currency itself. In fact the average person seems to believe that the more fake money the government prints the more money there should be for all of us to share.

So, you like Jodran Peterson? I like him!

cry more he still did more for the people let him have fun

You are correct. We had shareholder revolt. Finally ousted him and when his former son in Law, Don Walker took over the share values quadrupled and the company really expanded. Franks talent is of a typical entrepreneur, always starting something new, getting bored and on to something else. Typically people like this do not make good Managers.

Why are some people so dead set on making so much money? So much that it would be hard to spend and would test your very morality merely to be a guardian of and appropriate wisely! Just try not to be greedy and settle for a good wholesome and fulfilled life!

I think 1999 and 2005's Canada is great country to live, otherwise concerning makes countries cold and only small part of things shape the country. Canada is multicultural country, so I tell this info: in Korean community, there has been tendency that blames this kind of success story, such that "it is only possible by smaill portion of people who had luck, why it is told in open place to fail young people?" and this is unconsciously based on understanding life. The difference between listening in Korean and in Canada would make difference in approval while they say "It was good time to see this video" because there is tendency to inverse other's succesful life. Please refer this when someone says "there was the year blocked Korean IP". In this case, blocking is good, not depended on political positions. Can you understand this?

Many people in Korea agree government's policies are equally maintained if progressive regime needs to employ conservative officials too, and otherwise is also. How do you think about this? This is separate issue from "there was the year Korean IP were blocked" and same issue can be agreed by different positions. I like Canada and Korea too, and this is omitted then what is followed by the politics as the kind you suggested in other reply?

The politics are influenced by other area's concerning, I like Dr.Peterson too and I read his books. (This is told because I was tortured by same line of logics that deceived in appearance of safety)

@@colorfulbookmark, an atheist never will be a conservative.

@@colorfulbookmark, either you accept Christ or you give a speech of self-absolution. Never fails.

@@fabiobarreiros1027What is so?

Lol the stock market is faker than the Bible 😂 if it actually showed true value sure but its all artificial and over bloated. The topic in question is sharing profits with the workers, investors already get their share. I'd rather have cash in hand than a stock that could plummet to nothing cuz of shorting stocks

Most people going in and out of work every day dont understand this. It should be explained in a non-sarcastic way, by a trustworthy person who believes in that financial system. Who was it in your life that taught you about dividend-yielding stock investments? I can say I'm midlife and only learned 2 years ago. Kind of late to the game. But then again that means the game is over for people that have always known, and a new game begins.

Most are too stupid to do this, some industrys could probably benefit from this system. Having systems like this and without this might make a better market

@@potptvpatsonthepulse5701 I offer you Nobel Prize winner, Milton Friedman, a man whose ideas transformed Western economies throughout the 70s & 80s. A man who championed freedom for individuals to harness their talent and hard work to create their own wealth - and when the people realised they had neither talent nor the propensity for labour, they voted for the vilest, most corrupt creatures they could find, who promised to steal from those who did - and then hand it out to them! And of course, they would never make good on their lies because they were already being funded by the very people they were supposed to rob. The brazen malfeasance of your governments is mirrored precisely in the wretchedness of your people - now who do you want to blame?