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February 5, 2016

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

 

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

Her father, Sumner Redstone, 92, announced his retirement on Thursday. He had announced his retirement as chairman of the family’s other media empire CBS on Wednesday, where he will be replaced by its existing CEO and president Leslie Moonves.

December 11, 2015

Donald Trump isn’t the first family business owner to ever run

for public office, but he’s certainly been the most vocal

It’s one thing to push your family’s political interests behind the scenes – using Super PACs and K Street lobbyists. But to intentionally position yourself under the harsh spotlight of a political campaign is something altogether different.

December 3, 2015

Private equity was the most common asset class among family offices in 2014 and one of the year’s best performers. So why are some executives voicing caution about expectations moving forward? 

The popular belief that strong returns in private equity will continue into the future has been challenged by participants in the Global Family Office Report 2015, warning that a build-up in unallocated capital could lead to lesser returns. 

According to one chief executive from a single family office in North America, who participated in the report anonymously, the record level of unspent cash is creating undue levels of competition, which is in turn pushing up prices. 

November 25, 2015

Three quarters of European family businesses are operating internationally, and 23% say furthering growth abroad is their top priority over the next two years, according to new research.

Three quarters of European family businesses are operating internationally, and 23% say furthering growth abroad is their top priority over the next two years, according to new research.

This is at odds with a common perception that family businesses tend to be domestically-focussed, said the KPMG report European Family Business Trends.

The report was based on research that included surveys with 125 family businesses and a further 125 high net worth individuals.

November 24, 2015

Former billionaire Dorothéa Steinbruch, whose family control steelmaker Companhia Siderurgica Nacional and lender Banco Fibra SA, died at the weekend aged 85.

Former billionaire Dorothéa Steinbruch, whose family control steelmaker Companhia Siderurgica Nacional and lender Banco Fibra SA, died at the weekend aged 85.

Steinbruch was the widow of Mendel Steinbruch, one of the founders of Brazilian textile business Vicunha Group, whose current chief executive officer is their son Ricardo. Their second son Benjamin is CEO of Companhia Siderurgica Nacional.

November 20, 2015

Universities remained the main destinations for multi-million dollar donations in 2014, despite a 8% drop in the total number of charitable gifts overall, according to a recently published study of donor trends in six regions around the world.

Universities remained the main destinations for multi-million dollar donations in 2014, despite a 8% drop in the total number of charitable gifts overall, according to a recently published study of donor trends in six regions around the world.

November 12, 2015

The bulk of successful family businesses place responsibility for succession planning with the board of directors, according to a new report, with shareholder councils and the chief executive the next most popular options.

The bulk of successful family businesses place responsibility for succession planning with the board of directors, according to a new report, with shareholder councils and the chief executive the next most popular options.

Preparing or procrastinating?, released by EY, also found that boards of directors are more likely to prioritise next generation education and preparation.

November 6, 2015

Spain’s Grifols condemned for moving treasury to Ireland; Forbes family sues Hong Kong investors over repayments; and Ubisoft posts lower than expected half-year results

Spain’s Grifols condemned for moving treasury to Ireland

Grifols, the Spanish family-owned pharmaceuticals firm, has drawn ire after revealing plans to move its treasury from Barcelona to Dublin just one week after the government announced a new business-friendly corporate tax category.

November 6, 2015

Millennials with an entrepreneurial spark have founded twice as many businesses as their counterparts in the Baby Boomer generation, according to a new report from BNP Paribas and Scorpio Partnership, with the overwhelming majority coming from family businesses themselves.

Millennials with an entrepreneurial spark have founded twice as many businesses as their counterparts in the Baby Boomer generation, according to a new report from BNP Paribas and Scorpio Partnership, with the overwhelming majority coming from family businesses themselves.

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