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June 24, 2011

The United States Securities and Exchange Commission has made its definition of “family office” more narrow, which some say could possibly force offices to lose clients or incur heavy costs to comply under the new rule.

The United States Securities and Exchange Commission has made its definition of “family office” more narrow, which some say could possibly force offices to lose clients or incur heavy costs to comply under the new rule.

According to a statement by SEC, private family offices will be exempt from regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act only if they advise family clients, do not project themselves as investment advisers and are completely controlled by the family.

February 8, 2011

Chief executive of carmakers Fiat and Chrysler, Sergio Marchionne, is facing wrath from Italy and the US for his comments on shifting Fiat’s headquarters, and describing the interest rates charged on American bailout loans as “shyster”.

Chief executive of carmakers Fiat and Chrysler, Sergio Marchionne, is facing wrath from Italy and the US for his comments on shifting Fiat's headquarters, and describing the interest rates charged on American bailout loans as "shyster".

August 11, 2010

Billionaires might be lining up in the US to join the so-called Gates pledge initiative, but so far it has little support outside of America, writes Katie Barker.

Billionaires might be lining up in the US to join the so-called Gates pledge initiative, but so far it has little support outside of America, writes Katie Barker. 
 
Forty billionaires have signed up to the pledge, whereby they agree to give away at least half of their fortunes to philanthropy during their lifetime or shortly after their death. But not one of them is based outside of the US.
 

July 8, 2008

Pittsburgh Steelers chairman Dan Rooney and son, president Art Rooney II, plan to buy out the rest of the family’s shares to make sure the NFL team stays in Rooney hands.

Pittsburgh Steelers chairman Dan Rooney and son, president Art Rooney II, plan to buy out the rest of the family's shares to make sure the NFL team stays in Rooney hands.

Dan, the eldest son of late team founder Art Rooney, wants to keep the 75-year-old franchise in family control while his four brothers want to focus their efforts on their racetracks and other interests, which conflict with the NFL's strict non-gambling policies.

July 1, 2004

Sam Walton: Made in America, by Sam Walton and John Huey (1996)

Christine Harland is Director of Camden Writers

Sam Walton: Made in America, by Sam Walton and John Huey (1996)

Born in 1918 in Kingfisher, Oklahoma, a whistle stop on the Oklahoma, Kansas & Texas railroad line, Sam Walton could feel small-town America in his bones. That profound sense of his environment lay at the heart of Walton's success. He understood the value of the hard-earned dollar for the majority of Americans and he appreciated the latent buying power in areas that a lot of larger corporations passed by.

June 1, 2003

Suzy Bibko takes the reigns at Families in Business and tells how this issue explores the one constant in life – change

Suzy Bibko takes the reigns at Families in Business and tells how this issue explores the one constant in life – change

As this  issue of Families in Business goes to press, I'm planning a trip to my homeland, America. I'm going to back to New York City for my first time since I left five years ago. A lot has changed there since then, most notably the absence of two remarkable buildings and many, many lives.

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