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June 17, 2010

Edward A Fish, the founder of family-owned construction conglomerate EA Fish Companies, has died at the age of 77.

Edward A Fish, the founder of family-owned construction conglomerate EA Fish Companies, has died at the age of 77.
 
The Boston-based business leader and philanthropist served as chairman of EA Fish until his death on Tuesday. Fish was known for his commitment to creating affordable housing alongside the commercial construction projects the business also ran.
 

April 30, 2010

The first family head of the company in 14 years has a big job on his hands reports Katie Barker.

The first family head of the company in 14 years has a big job on his hands reports Katie Barker.

When third-generation Akio Toyoda took the helm at the world's largest automaker in June 2009, he knew he was in for a tough ride. The world was in the grips of recession, the car industry was on its knees and Toyota had just posted its first annual loss in 59 years. It hasn't got any easier.

April 20, 2010

Toyota Motor Corporation, the family-controlled automaker, announced yesterday it would pay the $16.4 million fine imposed on the company by the US Department of Transport.

Toyota Motor Corporation, the family-controlled automaker, announced yesterday it would pay the $16.4 million fine imposed on the company by the US Department of Transport. 

Toyota said it had taken the decision "in order to avoid a protracted dispute and possible litigation, as well as to allow us to move forward fully-focused on the steps to strengthen our quality assurance operations."

April 6, 2010

The US Department of Transport has announced that it plans to fine Toyota Motor Corporation $16.4 million after the family-controlled automaker failed to notify US transport regulators about defects that allegedly cause unintended acceleration.

The US Department of Transport has announced that it plans to fine Toyota Motor Corporation $16.4 million after the family-controlled automaker failed to notify US transport regulators about defects that allegedly cause unintended acceleration.
 

March 8, 2010

Proposals in the US to regulate private wealth managers could have a profound effect on family offices the world over

Proposals in the US to regulate private wealth managers could have a profound effect on family offices the world over 

March 1, 2010

Merck KGaA, the family-owned pharmaceutical and chemical company, announced yesterday it is to buy US-based Millipore Corporation in a deal worth €5.3 billion.

Merck KGaA, the family-owned pharmaceutical and chemical company, announced yesterday it is to buy US-based Millipore Corporation in a deal worth €5.3 billion.
 
Merck, in its 12th-generation of family ownership, said the deal to acquire the life sciences company will create a business with €2.1 billion in revenues and access to "an attractive growth market".
 

February 24, 2010

Akio Toyoda, the beleaguered fourth-generation head of Toyota, admitted that rapid expansion at the family company caused it to put growth ahead of safety and quality, resulting in the current recall crisis.

Akio Toyoda, the beleaguered fourth-generation head of Toyota, admitted that rapid expansion at the family company caused it to put growth ahead of safety and quality, resulting in the current recall crisis.

September 1, 2008

This year has seen a wide range of liquidity events across the family business spectrum. Ben Bland, Michael Fischer and David Craik analyse a selection of them from a geographical perspective ...

This year has seen a wide range of liquidity events across the family business spectrum. Ben Bland, Michael Fischer and David Craik analyse a selection of them from a geographical perspective ...

Asia
When Ranbaxy chief executive Malvinder Singh agreed to sell the pharmaceutical company founded by his grandfather to Japan's Daiichi Sankyo in the biggest ever takeover of an Indian family business, he described it as an "emotional decision".

June 6, 2008

Corporate philanthropy by multinational US businesses increased by 5.6% in 2007 according to new research by the Committee Encouraging Corporate Philanthropy.

Corporate philanthropy by multinational US businesses increased by 5.6% in 2007 according to new research by the Committee Encouraging Corporate Philanthropy (CECP). The international forum of business CEOs and chairpersons claims that donating shot up to a median of $26 million among the 155 companies it surveyed.

Highlighting the growing importance of philanthropy to long-term shareholder value, many cited a shift towards funding new strategic focus areas, as well as an increased level of senior management attention to community investment.

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