Vimeo
LinkedIn
Instagram
Share |

succession plan

August 20, 2021

Scholastic Corporation owner Richard Robinson Jr has cut family out of succession plan, Pritzker family’s Hyatt hotel chain doubles stake in luxury resorts, Richard Branson sells $300 million shares in Virgin Galactic.

Scholastic Corporation owner Richard Robinson Jr has cut family out of succession plan

The family behind the US publisher of Harry Potter and The Hunger Games is reportedly reviewing its legal options after its principal left the $1.2 billion business to his lover.

November 12, 2019

John Gokongwei Jr, a Philippine billionaire who started his $5.7 billion family business empire by cycling around island towns selling snacks, has died aged 93.

John Gokongwei Jr, a Philippine billionaire who started his $5.7 billion family business empire by cycling around island towns selling snacks, has died aged 93.

Affectionately known as “Mr John”, the founder and chairman emeritus of the first Philippine multinational conglomerate was an “inspiration to entrepreneurs and businessmen around the nation, with his pioneering ideas, his strong work ethic, his passion, and perseverance,” JG Summit Holdings said in a statement.

May 27, 2019

Family offices are standing on the precipice of a multi-trillion dollar transfer of wealth between generations, yet succession planning among family offices is moving at a glacial pace. What are the barriers to planning? And what should families be doing now?

The cautionary tale of India’s Ambani family should be enough to scare any patriarch or matriarch into succession action. The sudden death of Reliance founder Dhirubhai Ambani, aged 69, in 2002 sparked an acrimonious battle between his two billionaire sons, Mukesh and Anil, leading to the brothers splitting up the family business in a deal mediated by their mother. Today relations are civil, but the businesses they inherited have had very different outcomes.

September 22, 2017

More than a sixth of family offices managing on average close to $1 billion of assets have no plan for generational transfer, while only a third of offices have written succession plans.

More than a sixth of family offices managing on average close to $1 billion of assets have no plan for generational transfer, while only a third of offices have written succession plans.

The newly-released Global Family Office Report 2017 (GFOR) found while family office succession planning has increased in the past year, with nearly half of family offices (47.3%) having a succession plan, either written (33%) or verbally agreed (15%, a fifth had no plan or did not know if a plan existed.

March 14, 2017

Most people, when they think about trusts, immediately associate them with tax planning. Although controlling exposure to tax may be one reason why people use trusts, they have many other uses, as Robert Brodrick, trusted adviser and partner at Payne Hicks Beach, explains.

Most people, when they think about trusts, immediately associate them with tax planning. Although controlling exposure to tax may be one reason why people use trusts, they have many other uses, as Robert Brodrick, trusted adviser and partner at Payne Hicks Beach, explains.

March 1, 2004

Most family firms have a formal succession plan in place, right? Wrong.

Most family firms have a formal succession plan in place, right? Wrong. Ireland and its business families, it seems, is the latest example to be held up in a growing list of apparently shoddy planners. Almost half of Irish family businesses have no formal succession plan in place, according to a survey by PricewaterhouseCoopers. The report, released in March, involved 55 family businesses ranging in size from those with fewer than 25 employees and an income of less than €2 million to those with more than 100 employees and an annual income of more than €20 million.

Click here >>
Close