Family Business Member As President Of Argentina

By | April 29, 2016|Family Business|

Recently Argentina appointed a new president, Mauricio Macri, who is a member of family-run conglomerate Grupo Macri. It has raised hope that the 57-year-old’s innate understanding of the issues faced by families will result in better conditions for businesses across the board. Among the top three concerns of family businesses in Argentina are (a) the [...]

New York Magazine Gets Family Member As CEO

By | April 29, 2016|Family Business|

Bruce Wasserstein, bought the New York magazine for $55 million in 2004, but died unexpectedly five years later, at age 61. Later the magazine was owned by a Wasserstein family trust and there were speculations that the family might sell the company. Recently, Pamela Wasserstein, the 38-year-old daughter of the late Bruce Wasserstein, has been [...]

Chinese Family Feuding Over Japanese Reparations

By | April 29, 2016|Family Business|

Mitsui OSK was founded as a key part of the Mitsui zaibatsu (family-owned conglomerate) during the early industrialization of Japan. The company is now independent of the zaibatsu, but remains part of the Mitsui keiretsu (group of aligned companies). Chen Shuntong was a shipping magnate in China, who landed as a refugee in Hong Kong [...]

Bombardier Negotiating To Sell Cseries Jets To Delta

By | April 22, 2016|Family Business|

Bombardier Inc. is a Canadian multinational aerospace and transportation company, founded by Joseph-Armand Bombardier in 1942. Currently the Bombardier and Beaudoin family are the company's largest shareholders. Last year collectively the families spent some $50 million to increase their stake in the embattled transportation company even though the stock price collapse cost its controlling family [...]

Sika Board Limits Burkard Family Vote

By | April 22, 2016|Family Business|

Sika AG was founded in 1910 by Kaspar Winkler. It is a specialty chemical company headquartered in Baar, Switzerland. Today the company has more than 17,000 employees, subsidiaries in 93 countries, and an annual sales turnover of CHF 5.49 billion (2015). Saint-Gobain, the French industrials group is seeking to acquire a controlling share stake in [...]

Evolution and Not Revolution for Next Gen Family Leaders

By | April 22, 2016|Family Business|

According to a recent study by PwC, titled ‘Great Expectations: The next generation of family business leaders’, in the next five years, 40% of family businesses globally will prepare to hand over the business to the next generation, but the new leaders may find it hard to make their voice heard. The total turnover of [...]

Wealth Related Decision Making In Families

By | April 15, 2016|Family Business|

A survey was recently conducted by Morgan Stanley and Campden Wealth, among ultra-high net worth (UHNW) individuals in North America with a family net worth in excess of $35 million, to understand the attitudes and behaviors concerning investment decision-making. The majority of families in this study (51%) had total net worth, excluding operating businesses, between [...]

Tax Regimes Impacting Family Business Succession And Growth

By | April 8, 2016|Family Business|

The recently released report titled ‘KPMG Global Family Business Tax Monitor’ compares the impact of tax regimes on family businesses. It is based on the findings of 42 countries, including India that undertook a taxation review on two scenarios for a family business valued at €10 m. The report explored the effects taxation can have [...]

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