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Succession

May 2, 2014

A change of leadership at Ford Motor Company has been accelerated six months and declared one of the smoothest in the family business’s history, according to the fourth-gen executive chairman.

A change of leadership at Ford Motor Company has been accelerated six months and declared one of the smoothest in the family business’s history, according to the fourth-gen executive chairman.

On Thursday, the US carmaker announced Alan Mulally, 68, who steered the company through the global financial downturn, would be stepping down as chief executive and president on 1 July.

Mark Fields, 53, who has been the company’s chief operating officer since December 2012, will replace him.

April 15, 2014

The generational gap between baby boomers and millennials involved in family businesses is widening due to megatrends such as climate change and new technologies, according to a PwC survey that assesses next gens’ attitudes to the family business.

The generational gap between baby boomers and millennials involved in family businesses is widening due to megatrends such as climate change and new technologies, according to a PwC survey that assesses next gens’ attitudes to the family business.

April 10, 2014

The United States is home to some of the most successful family businesses in the world. From homespun cotton to farm fertiliser, family values matter in the land of opportunity, and are often the key to commercial success. Here are CampdenFB’s top 10 US family businesses to watch in 2014. 

The United States is home to some of the most successful family businesses in the world. From homespun cotton to farm fertiliser, family values matter in the land of opportunity, and are often the key to commercial success. Here are CampdenFB’s top 10 US family businesses to watch in 2014.

 

 

 

April 10, 2014

Female successors taking over from male CEOs have the potential to increase family business profitability, according to new research out of Italy, but their power is diminished – and may even have a negative impact on a company’s performance – in male-dominated workplaces.

Female successors taking over from male CEOs have the potential to increase family business profitability, according to new research out of Italy, but their power is diminished – and may even have a negative impact on a company’s performance – in male-dominated workplaces.

April 8, 2014

The sprawling, family-controlled conglomerates common in the Gulf Cooperation Council may not survive the next generational transfer if they don't refine their focus, according to a recent report.   

The sprawling, family-controlled conglomerates common in the Gulf Cooperation Council may not survive the next generational transfer if they don't refine their focus, according to a recent report.

Booz & Co, the management consulting division of international accountancy firm PWC, said slowing growth in the GCC as well as greater numbers of foreign companies operating in the region is another threat to the longevity of regional family firms.

April 3, 2014

Up to three quarters of British family firms are putting off succession planning, despite listing it as one of the top challenges they face, says the chief executive and founder of a family business organisation, who says fear of retirement, mortality and upsetting family harmony are among the factors driving this inaction.

Up to three quarters of British family firms are putting off succession planning, despite listing it as one of the top challenges they face, says the chief executive and founder of a family business organisation, who says fear of retirement, mortality and upsetting family harmony are among the factors driving this inaction.

March 26, 2014

Rupert Murdoch appears to have anointed Lachlan Murdoch his family business heir apparent, in a reshuffle in 21st Century Fox and NewsCorp senior management this week, appointing the 42-year-old his co-chair at both companies.

Rupert Murdoch appears to have anointed Lachlan Murdoch his family business heir apparent, in a reshuffle in 21st Century Fox and NewsCorp senior management this week, appointing the 42-year-old his co-chair at both companies.

Lachlan's brother James Murdoch, once seen as the most likely successor to the Murdoch family empire, was promoted to co-chief operating office at 21st Century Fox, but will not be working in such a direct relationship with his father.

March 19, 2014

A Hong Kong property tycoon has been forced to prematurely hand over the reins of the family businesses after being convicted of bribing a senior official and money laundering by a Macau court.

A Hong Kong property tycoon has been forced to prematurely hand over the reins of the family businesses after being convicted of bribing a senior official and money laundering by a Macau court.

Billionaire chairman of Chinese Estates Holdings Joseph Lau, 62, was found guilty of bribing a former Macau public works chief to the tune of HK$20 million (€1.9 million) to secure the sale of a parcel of land on the peninsula, which has a booming gambling and tourist industry.

March 12, 2014

Family business leaders who think they “know best” and adopt a paternalistic leadership style can lead to unsuccessful succession transitions, according to new research, by leading to feelings of dissatisfaction and inertia in the next generation.

Family business leaders who think they “know best” and adopt a paternalistic leadership style can lead to unsuccessful succession transitions, according to new research, by leading to feelings of dissatisfaction and inertia in the next generation.

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