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March 1, 2010

Merck KGaA, the family-owned pharmaceutical and chemical company, announced yesterday it is to buy US-based Millipore Corporation in a deal worth €5.3 billion.

Merck KGaA, the family-owned pharmaceutical and chemical company, announced yesterday it is to buy US-based Millipore Corporation in a deal worth €5.3 billion.
 
Merck, in its 12th-generation of family ownership, said the deal to acquire the life sciences company will create a business with €2.1 billion in revenues and access to "an attractive growth market".
 

February 24, 2010

Akio Toyoda, the beleaguered fourth-generation head of Toyota, admitted that rapid expansion at the family company caused it to put growth ahead of safety and quality, resulting in the current recall crisis.

Akio Toyoda, the beleaguered fourth-generation head of Toyota, admitted that rapid expansion at the family company caused it to put growth ahead of safety and quality, resulting in the current recall crisis.

September 1, 2008

This year has seen a wide range of liquidity events across the family business spectrum. Ben Bland, Michael Fischer and David Craik analyse a selection of them from a geographical perspective ...

This year has seen a wide range of liquidity events across the family business spectrum. Ben Bland, Michael Fischer and David Craik analyse a selection of them from a geographical perspective ...

Asia
When Ranbaxy chief executive Malvinder Singh agreed to sell the pharmaceutical company founded by his grandfather to Japan's Daiichi Sankyo in the biggest ever takeover of an Indian family business, he described it as an "emotional decision".

June 6, 2008

Corporate philanthropy by multinational US businesses increased by 5.6% in 2007 according to new research by the Committee Encouraging Corporate Philanthropy.

Corporate philanthropy by multinational US businesses increased by 5.6% in 2007 according to new research by the Committee Encouraging Corporate Philanthropy (CECP). The international forum of business CEOs and chairpersons claims that donating shot up to a median of $26 million among the 155 companies it surveyed.

Highlighting the growing importance of philanthropy to long-term shareholder value, many cited a shift towards funding new strategic focus areas, as well as an increased level of senior management attention to community investment.

April 2, 2008

Wells Fargo Bank has launched a new business unit in a bid to capitilise on the multi-family office boom.

Wells Fargo Bank has launched a new business unit in a bid to capitilise on the multi-family office boom.

March 1, 2008

Henry L Fellowes took an extremely simple idea and turned it into a multi-million dollar enterprise that specialises in boxes, shredders and office products. Third-generation CEO Jamie tells Bruce Love how thinking outside the box made the company what it is today

Henry L Fellowes took an extremely simple idea and turned it into a multi-million dollar enterprise that specialises in boxes, shredders and office products. Third-generation CEO Jamie tells Bruce Love how thinking outside the box made the company what it is today

Mention the Internal Revenue Service to most Americans and it is likely to produce varying degrees of loathing, suspicion or outright hatred. But for one family, the IRS deserves a special place in their hearts. For without it, their business may not even have been born.

January 22, 2008

Ultra high net worth individuals in the US are more likely to be attracted to multi-family offices than traditional wealth managers, according to new research.

Ultra high net worth individuals in the US are more likely to be attracted to multi-family offices than traditional wealth managers, according to new research.

US-based consultancy Cerulli Associates estimates traditional wealth managers have lost up to 3% of their share of UHNW clients to multi-family offices in the past few years.

According to the research, the top multi-family office in the US is Bessemer Trust, a New York-based office with approximately $48.3 billion of assets under management.

July 1, 2007

The president of the US is the most powerful job in the world – and several notable
families have coveted the position. James W Ceaser and Richard Skinner look at the
parallels between politics and family business …

James W Ceaser is professor of politics at the University of Virginia, Charlottesville, VA.
Richard Skinner is visiting assistant professor of political science at Allegheny College, Meadville, PA.

The president of the US is the most powerful job in the world – and several notable families have coveted the position. James W Ceaser and Richard Skinner look at the parallels between politics and family business …

July 1, 2007

The US was the world’s business leader for much of the 20th century, but today it is
facing a serious challenge from new, emerging economies. With many firms looking east to China and India, Patti McCracken analyses how US family businesses are reacting

Patti McCracken is a freelance journalist based in Austria.

The US was the world's business leader for much of the 20th century, but today it is facing a serious challenge from new, emerging economies. With many firms looking east to China and India, Patti McCracken analyses how US family businesses are reacting

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