Morning Update: A culture of silence at Frank Stronach’s firms

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Morning Update: A culture of silence at Frank Stronach’s firms
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Also in today’s edition: Trump’s ominous rhetoric and a super-sized rate cut

Good morning. New details about Frank Stronach ’s alleged misdeeds raise questions for Magna International – more on that below, along with Donald Trump’s ominous rhetoric and a potential super-sized Bank of Canada rate cut. But first:this summer, Magna International, the US$43-billion auto-parts giant, has laboured for distance from its 92-year-old founder.

She was 27 at the time. She didn’t speak to a manager. She didn’t report Stronach to HR. How could she complain to Magna about the man synonymous with Magna? As Cornell told The Globe: “Heby the late business reporter Wayne Lilley, demonstrates how well-versed staff in Europe were with Stronach’s alleged behaviour.

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