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August 16, 2018

Redstone locks in CBS ownership, Samsung ramps up R&D spend, and Indian heir arrested over fraud allegations

Redstone locks in CBS ownership

Billionaire Sumner Redstone will make it difficult for his heirs to sell off media giants CBS and Redstone following his death.

The Redstone family’s National Amusements media group holds 79.8% of Viacom’s voting stock (about 10% of the equity) and 79.5% of the voting stock and 2.4% of the Class B stock of CBS Corporation (9.1% of the equity).

June 1, 2018

The appointment in April of Alexandre de Rothschild to the supervisory board of Rothschild & Co is the latest in an international wave of young family business scions seizing greater controls at the heart of their large, global family firms.

The appointment in April of Alexandre de Rothschild to the supervisory board of Rothschild & Co is the latest in an international wave of young family business scions seizing greater controls at the heart of their large, global family firms.

Alexandre, 37, becomes the seventh generation of the family in charge of the bank in a long-planned succession that sees his father, David de Rothschild, 75, become supervisory board chairman.

February 8, 2018

Maersk charts blockchain future; Samsung heir’s release may boost economy; ads to help correct ‘misperceptions’ of Koch Industries

Maersk charts blockchain future

AP Moller—Maersk has entered into a joint venture with IBM and logistics company Agility, which aims to use blockchain technology to make the companies’ supply chains more efficient and secure.

Maersk, controlled by the eponymous family via AP Moller Holding A/S, wants to create a trade platform using distributed ledger technology, which establishes a shared, set-in-stone record of transactions. It also allows those within a particular network to access the data minutes after transactions take place.

September 1, 2017

Jailing of Samsung heir a message to chaebol, Ford self-drive cars to deliver pizza, and Father-son team launch new bank.

Jailing of Samsung heir a message to chaebol

The jailing of Samsung chief Lee Jae-yong for five years has fuelled public conversation in South Korea about the huge family-owned businesses which dominate the economy.

Samsung heir Lee Jae-yong was sentenced on corruption charges this week following a case dubbed “the trial of the century”, due to the message it sent the country’s massive conglomerates.

February 28, 2017

Second-gen Lee Jae-yong, the vice chairman and heir apparent of electronics conglomerate Samsung, is to be indicted on multiple charges including bribery and embezzlement, according to prosecutors.

Second-gen Lee Jae-yong, the vice chairman and heir apparent of electronics conglomerate Samsung, is to be indicted on multiple charges including bribery and embezzlement, according to prosecutors.

Earlier this month, the 48-year-old was arrested for his alleged role in providing about ₩43 billion ($37 million) to a friend of South Korean president Park Geun-hye to win state approval for a controversial 2015 merger.

February 16, 2017

Samsung heir arrested in corruption scandal; Hanjin Shipping sunk by South Korean court; and Cargill to invest further $300 million in Egypt

Samsung heir arrested in corruption scandal

January 19, 2017

Lundin Petroleum announces its 2017 budget, Galen G Weston succeeds father as George Weston CEO, Samsung heir Lee Jae-yong has avoided arrest

Lundin Petroleum announces its 2017 budget

Family-owned oil and gas company Lundin Petroleum, controlled by the eponymous Swedish family, will spend about $1.3 billion on development, appraisal, exploration and production this year, according to its 2017 budget.

January 13, 2017

LL Bean boycotted after heiress donated to Trump campaign; Samsung heir quizzed on bribery allegations; and Hero Motocorp sales down one-third in December

LL Bean boycotted after heiress donated to Trump campaign

LL Bean heiress Linda Bean has landed the Maine-based retailer on a prominent boycott list after contributing $55,000 more than allowed to President-elect Donald Trump's campaign.

In response to her $60,000 donation, the Grab Your Wallet campaign, which launched in October in response to Trump’s comments about women, encouraged consumers to avoid the retailer.

December 28, 2016

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Away from politics, in 2016 many family enterprises have been wrangling with the ever-present challenge of succession or exploring artificial intelligence, while we farewell Mars family patriarch Forrest E. Mars Jr. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

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