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The interests of business clash with those of society. Many people think that its rapacious, short-termist pursuit of profit sets it against the values and needs of everybody else, which has created a poisonous opposition between those in business and everybody else. So says the business guru Michael Porter in a paper called Creating Shared Value, recently published in the Harvard Business Review.

Are family businesses inefficient? Professor John Van Reenen of the Centre for Economic Performance at the London School of Economics seems to think so for family businesses in the UK. 

Two months ago the business world - and ideed Hugh Hefner - might have been led to believe that the founder of the iconic Playboy brand regained control of the business he founded in 1953.

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