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Ownership and Management

The future of Luxottica’s non-family chief executive is up in the air due to reported tension with the family-owned firm’s founder over the strategic direction of the company.

Portugal’s government has announced a €4.9 billion plan to save family-controlled Banco Espirito Santo, the country’s largest listed bank, after a series of financial scandals threatened to run the 94-year-old lender into the ground.

Portugal’s government has announced a €4.9 billion plan to save family-controlled Banco Espirito Santo, the country’s largest listed bank, after a series of financial scandals threatened to run the 94-year-old lender into the ground. 

The ousted chief executive of US supermarket chain Market Basket has gained a level of support from employees that is uncommon outside of family businesses, according to a Harvard Business School academic.

The ousted chief executive of US supermarket chain Market Basket has gained a level of support from employees that is uncommon outside of family businesses, according to a Harvard Business School academic.

Family businesses are more nimble and better able to respond to crises than non-family businesses, according to a new academic paper, which uses as a case study the BP oil spill in the Gulf of Mexico in 2010.

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership.

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership. 

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