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Bechtel Group

Top 75 Family Business Leaders 2019: Americas

September 30, 2019

CampdenFB has featured many of the leading lights in the family business and family office space over its 75 issues. Here we take a look at some of the icons in the world of business families plus the up-and-comers taking the community into the 21st century

CampdenFB has featured many of the leading lights in the family business and family office space over its 75 issues. Here we take a look at some of the icons in the world of business families plus the up-and-comers taking the community into the 21st century.

Fast forward: Top 50 family business leaders 2017

November 6, 2017

Fast-growing companies are what get economies moving and this year more than 70% of the leaders in our Top 50 list are from expanding new companies we have never featured. Read on about the leaders getting their family businesses going in the right direction

FB Roundup: Molina Healthcare, Olayan IPO, Breitling

May 5, 2017

Molina Healthcare dumps family executives; Olayan Financing eyes IPO; family-owned Breitling sells out to private equity.

Molina Healthcare dumps family executives due to poor financial performance

US family-run Molina Healthcare has replaced the two brothers who have run the health insurer since 1996, replacing them with a non-family director due to poor financial performance.

Mario Molina, its second-generation chief executive, and John Molina, its chief financial officer (CFO), have been replaced by current chief accounting officer Joseph White who becomes interim chief executive while the company recruits a new chief executive, and CFO.

FB Roundup: News Corp, Benetton, and Lundin Petroleum

December 2, 2016

Murdoch loses $100 million on Theranos investment; Benetton heir quits board; and Lundin Petroleum announces Barents Sea discovery

Murdoch loses $100 million on Theranos investment

Australian-American media mogul Rupert Murdoch, chairman and CEO of global media holding company News Corporation, is expected to lose the $100 million he invested in beleaguered blood testing group Theranos.

Murdoch, who purchased his stake when Theranos’ valuation was at the $9 billion mark, is likely to notice the irony after his own financial paper, The Wall Street Journal, played an instrumental role in questioning the reliability of its blood testing device.

Book reviews: The Profiteers - Bechtel and the Men Who Built the World

July 14, 2016

If you remove the layers of political ‘Bernie Sanders-style’ rhetoric from Sally Denton’s semi-biographical history of the Betchel business, – The Profiteers you uncover the fascinating and eye-opening past.

Family Business Roundup: Bechtel, Market Basket, and Samsung

June 3, 2016

Bechtel names 35-year-old as new chief executive; Family behind Market Basket grocery chain back in court; and South Korean court rules against Samsung merger suit

Bechtel names 35-year-old as new chief executive

Bechtel Corporation, one of the largest family businesses in the US, has named fifth-generation Brendan Bechtel as its new chief executive.

The 35-year-old will replace Bill Dudley, who became the first non-family CEO to run the business after Brendan’s father, Riley Bechtel, was diagnosed with Parkinson’s disease two years ago.

CampdenFB’s Top 10 family business issues in 2015

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.

1: Shareholder revolts

Divorces, impact investing and rich lists: Top 10 stories of 2014

December 24, 2014

A messy divorce, impact investing, and Indonesian rich lists – these were just some of the themes that kept CampdenFB readers hooked during 2014. Below we’ve listed the most read stories of the year.

1. Berkshire Hathaway offers long-term alternative for family offices

Top 100 family businesses in North America

June 15, 2011

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

Constructing families

March 16, 2011

Construction might not be an area a family business would want to be in during a credit crisis – after all didn’t the crisis start with a collapse in the US property market? Katie Barker takes a look at how family businesses in the sector are coping

Huge family fortunes have been made in construction. Just ask Riley Bechtel – the chief executive of the eponymous company his great-grandfather founded in 1898 and now he heads up. In 2009, the Bechtel Group had revenues of more than $30 billion, up from $27 billion in 2007.