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Heather Cho

February 17, 2015

South Korean politicians are considering new legislation aimed at controlling abuses of power and misconduct in family-run conglomerates, and is being nicknamed after Heather Cho, the Korean Airlines next gen whose inflight tantrum in December last year captured international headlines.

South Korean politicians are considering new legislation aimed at controlling abuses of power and misconduct in family-run conglomerates, and is being nicknamed after Heather Cho, the Korean Airlines next gen whose inflight tantrum in December last year captured international headlines.

January 23, 2015

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

1: Shareholder revolts

December 19, 2014

Thomas Kwok found guilty on bribery charges; Korean Air faces penalties following macadamia nut case; and News Corp UK suffers £3.5 million loss.

Thomas Kwok found guilty on bribery charges

Hong Kong billionaire Thomas Kwok, co-chairman of one of the district’s largest property developers, has been convicted of conspiring to bribe one of the city's former top officials. His brother, Raymond, was found not guilty on all charges.

December 10, 2014

The third-gen vice president of Korean Air has resigned after she delayed one of its flights because an air steward served her macadamia nuts in a bag, rather than on a plate.

The third-gen vice president of Korean Air has resigned after she delayed one of its flights because an air steward served her macadamia nuts in a bag, rather than on a plate.

Heather Cho, 40, is the eldest daughter of Cho Yang Ho, who is chairman of the airline, and its parent company Hanjin Group.

In a flight from New York on 5 December, Cho berated a junior steward for the way he had presented the nuts, and insisted the plane taxi back the terminal so he could be removed from the flight.

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