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January 31, 2018

VW caught in monkey test scandal; Berkshire, Amazon, JP Morgan plan healthcare non-profit; and Thomson Reuters family sell F&R business

VW caught in monkey test scandal

The reputation of family-owned Volkswagen has taken another hammering, after it became the scapegoat for emissions tests which forced monkeys to breathe diesel fumes.

October 10, 2014

While recent changes may well be good for the American public at large – and particularly those who would have otherwise been uninsured – recent changes in how healthcare is delivered to the masses have nonetheless had a curious affect on ultra-affluent families. 

Well before Obamacare became a political football, healthcare had been a hot button issue in America for decades. While recent changes may well be good for the American public at large – and particularly those who would have otherwise been uninsured – recent changes in how healthcare is delivered to the masses have nonetheless had a curious affect on ultra-affluent families. This has hit US families not only in terms of exposure to health insurance in their portfolios, but also in their ability to receive medical care of a quality that they desire.

September 8, 2014

A Hong Kong family office’s $350 million (€270.4 million) gift to the Harvard School of Public Health will help address pandemics like Ebola, the school’s dean says.

A Hong Kong family office’s $350 million (€270.4 million) gift to the Harvard School of Public Health will help address pandemics like Ebola, the school’s dean says.

The gift by the Morningside Foundation, the philanthropic arm of family office Morningside Group, is the largest single gift in the Ivy League institution’s history.

July 15, 2014

Apollo Hospital Group’s promotion of four second-generation sisters to key executive roles signals the family business is preparing for entrepreneurial activities, a family business academic says.

Apollo Hospital Group’s promotion of four second-generation sisters to key executive roles signals the family business is preparing for entrepreneurial activities, a family business academic says.

This month, Dr Prathap Reddy, 80, founder and chairman of the Indian healthcare giant, announced Preetha Reddy, 56, already anointed his heir apparent, would have expanded duties under her new role as executive vice-chairwoman.

August 30, 2011

Family-controlled Indian conglomerate Piramal Group plans to make a big investment internationally as it seeks growth outside of its home market.

Family-controlled Indian conglomerate Piramal Group plans to make a big investment internationally as it seeks growth outside of its home market.

A spokesman for the company, which operates in a number of areas including pharmaceuticals, real estate and healthcare, told CampdenFB that the Piramal family will invest around $1.5 billion in mostly biotech companies in the US and Europe.

“The investment is part of our ongoing strategic diversification efforts,” he said.

June 2, 2011

Sir Terry Leahy, former chief executive of UK supermarket giant Tesco, has invested in a healthcare research and development company as part of his growing commitment to back start ups.

Sir Terry Leahy, former chief executive of UK supermarket giant Tesco, has invested in a healthcare research and development company as part of his growing commitment to back start ups.

Sir Terry, one of the foremost retailer and businessmen of his generation, has invested an undisclosed sum in Kind Consumers, which plans to launch a non-tobacco nicotine inhalation device for smokers determined to quit.

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