Word: successional
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When he was in his late 20s, Ernesto Bertarelli had the world at his feet. A passionate yachtsman, he was handsome and wealthy, on his way to getting a Harvard M.B.A., and his girlfriend was a former beauty queen. But when his father Fabio fell sick with cancer, Ernesto had...
For all Europe's business families, succession is the biggest challenge. By some counts, only 1 in 3 family firms survives the transition from the founding generation to the next.
The Benettons who founded the family business have 14 children among them, and the succession is already settled: the four siblings have set up a structure dividing all their assets into four parts. While there is no guarantee that their children will work together as well as they did, the...
The Agnelli family long ago moved to diversify its wealth into stakes in such companies as Club Med and Danone, the world's biggest yogurt manufacturer. Whether or not Umberto succeeds in rescuing Fiat, the Agnellis face a vexing succession issue: there is no heir in the next generation. Giovanni...
“Any medical school would be concerned by anyone who, in a short time period, took the test multiple times in succession,” said Boodram.