scandal

The British royal family, like many family businesses, has had its share of difficulties lately. Prince Harry, previously viewed as one of the great modernising influences, has become more distant from the traditional business after marrying Meghan Markle.

Meanwhile, his father Prince Charles has been waiting many years to take over; his uncle, Prince Andrew, has been caught up in an international scandal; and to cap it all, the Queen recently lost her husband, Prince Philip, after 74 years of marriage.

Sir James Dyson defends ventilators texts to PM Boris Johnson

Sir James Dyson says he neither sought nor received any benefit from Boris Johnson when he was asked by the UK’s prime minister to build £20 million ($27.7 million) worth of ventilators early in the national Covid-19 emergency.

Martin Winterkorn may have survived an attempted leadership coup in April, which pitted third-generation chairman against non-family executive, but the Volkswagen CEO did not prove so resilient in the face of the corporate scandal currently rocking the carmaker.

Today the family business is reportedly set to announce that Matthias Mueller, who current heads the company’s luxury Porsche brand, will take over the entire group.

Winterkorn had worked at Volkswagen since 1993, serving as CEO for the last eight years.

Less than a week after he was indicted for tax evasion, Lee Kun-hee has fallen on his sword after 20 years at the top. In a nationally televised press conference, the second-generation Samsung chairman apologised for his wrongdoing and for the negative impact the probe could have on South Korea.

“I have decided to step down as chairman of the group,” he announced at the company’s headquarters in Seoul. “I will take all legal and moral responsibility and truly apologise to the nation.”