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Family Business

May 2, 2019

A dispute between Danish shipping giant Maersk and Los Angeles (LA) dockers over plans to automate port vehicles has highlighted the challenges legacy businesses face balancing innovation with the social cost wreaked by disruption.

A dispute between Danish shipping giant Maersk and Los Angeles (LA) dockers over plans to automate port vehicles has highlighted the challenges legacy businesses face balancing innovation with the social cost wreaked by disruption.

The family-controlled business is facing a backlash from the International Longshore & Warehouse Union over plans to use unmanned electric vehicles instead of diesel trucks to shuttle shipping containers around LA Port—the largest in the US. 

April 30, 2019

Foxconn tycoon Terry Gou announces his bid for Taiwan presidency, Desmarais scion hits back at banks over hidden fees, and Thailand’s richest man resigns as chairman of Charoen Pokphand Foods.

Foxconn tycoon Terry Gou announces his bid for Taiwan presidency

Terry Gou, founder and chairman of Apple supplier Foxconn, has stepped down from leading his company to contest Taiwan’s 2020 presidential election.

The announcement came just two days after Gou told Reuters he was considering stepping away from daily operations at the company to pave the way for younger talent to move up the company’s ranks. His son, second-generation Jeffery Gou, has worked in various roles within the company.

April 25, 2019

How is one Chinese biotechnology group succeeding in supporting the earliest stage of new drug discovery when global pharmaceutical companies have given up? Dr Jun Mao, founder and chairwoman of Viva Ventures, explains how it leverages its in-house expertise to invest in hundreds of biotech startups in the $20 trillion global pharmaceutical and biotechnology market. 

Viva Ventures has a long history in supporting drug discovery for disease cures in China and the United States, can you explain more about the market opportunity?

April 24, 2019

France’s billionaire families are facing a backlash over their recent pledge to donate €500 million ($700 million) to rebuild the fire-damaged Notre-Dame Cathedral, with critics questioning its worth as a cause yet ignoring their past philanthropic efforts.

France’s billionaire families are facing a backlash over their recent pledges to donate €500 million ($700 million) to rebuild the fire-damaged Notre-Dame Cathedral, with critics questioning its worth as a cause yet ignoring their past philanthropic efforts.

Even before the smoke had cleared at Notre-Dame Cathedral, the Pinault family, owners of Gucci parent company, Kering, pledged €100 million towards the cathedral’s restoration fund, which was set up by French president Emmanuel Macron.

April 22, 2019

London-based fourth-generation family office J Leon Group has overhauled its giving in the last decade. Paddy Walker, managing director, spoke to Alexandra Newlove about how the diverse giving portfolio—from stopping killer robots to challenging hate speech—has brought the family closer

The 18 charities supported by J Leon may seem disparate at first glance. But drill down a little and you find they align under five key areas informed by the family’s history, passion, and expertise.

In the noughties, Paddy Walker and Tania Slowe, joint managing directors and husband-wife team, executed two buy-backs, taking the number of shareholders from 140 to fewer than 20.

It was this, Walker says, which spurred the family to reassess its giving, as the family felt closer and it became easier to communicate.

April 16, 2019

Some of France’s best-known business families have pledged to donate €500 million to help reconstruct the Notre-Dame Cathedral after a devastating fire tore through the historic structure, causing significant damage.

Some of France’s best-known business families have pledged to donate €500 million to help reconstruct the Notre-Dame Cathedral after a devastating fire tore through the historic structure, causing significant damage.

In a statement on Twitter, the Arnault family, owners of luxury group LVMH headed by French billionaire Bernard Arnault, pledged €200 million ($226 million) to help with the restoration efforts.

April 16, 2019

Merck had been able to continually anticipate changes in the macro-environment and adapt itself

There are several things that family businesses can learn from the history of Merck.

Cohesion and continuity are the benefits of adherence to family values and tradition. Merck values of hard work, empathy, and striving for excellence were imbibed and inculcated across generations mainly through practice.

April 15, 2019

A trio of international family business academics reveal how a modest German pharmacy has evolved into a successful 12-generation dynasty complete with its own family university

A remarkable 350 years of steady growth and transformation—that’s what the German pharmaceuticals and chemicals company Merck has achieved since it opened its first pharmacy in Darmstadt, near Frankfurt, in 1668.

April 12, 2019

The “Core Characteristics of Impact Investing” have been unveiled to help family offices interested in creating positive change navigate the growing $502 billion impact market.

The “Core Characteristics of Impact Investing” have been unveiled to help family offices interested in creating positive change navigate the growing $502 billion impact market.

Intentionality, Evidence-Based Investment Design, Impact Management and Contribution to Industry Growth were declared as the core characteristics to provide reference points and practical actions to establish the baseline expectations for impact investing.

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