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successor

May 17, 2021

Mexican billionaire Alberto Bailleres transfers empire to son, Peter Harf succeeded by young deal-maker at Reimann family’s JAB Holding, James Packer’s Crown Resorts leans towards Star merger and away from Blackstone takeover.

Mexican billionaire Alberto Bailleres transfers empire to son

Alberto Bailleres, the fourth wealthiest person in Mexico, has made way for his son as the principal of his business conglomerate Grupo Bal after more than five decades.

Businessman Bailleres (pictured), 89, stepped down as president from the group and its diversified companies with immediate effect during a board meeting in late April. He and his family are worth $9.6 billion, according to Forbes.

May 10, 2021

Manchester United owner Joel Glazer promises angry fans investment and consultation, Warren Buffett’s heir apparent is deal-maker Greg Abel, Bill and Melinda Gates to divorce but continue charitable foundation.

Manchester United owner Joel Glazer promises angry fans investment and consultation

Apologetic co-chairman Joel Glazer has sought to reassure Manchester United fans he and his US billionaire family “care deeply” about the English Premier League football club they own and pledge greater investment and fan consultation.

April 23, 2021

A third-generation successor turned adviser and author says the fate of his family business could have been “radically different” if he had been humbler as its principal.

A third-generation successor turned adviser and author says the fate of his family business could have been “radically different” if he had been humbler as its principal.

David C Bentall worked for 20 years in his family’s major Canadian business, Dominion Construction, including seven years as its president and chief executive. During his tenure as principal, the business doubled in size to $240 million in sales.

March 27, 2021

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid, Next-gen hotel heir David Marriott to succeed father Bill Marriott, Grosvenor Estate appoints new family office head in management revamp.

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid

Crown Resorts, Australia’s largest casino operator and majority owned by billionaire heir James Packer, is mulling an acquisition offer of $6.2 billion from US private equity giant Blackstone.

February 24, 2021

Family business leader turned coach Philip Mackeown is calling on families to emerge from the Covid-19 crisis with an “additional font of courage within” and for their successors who must carry the businesses—and the family—forward.

Family business leader turned coach Philip Mackeown is calling on families to emerge from the Covid-19 crisis with an "additional font of courage within" and for their successors who must carry the businesses—and the family—forward.

February 3, 2021

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.

January 6, 2021

In a recent family business event, a couple of young family business owners were asking questions around their role, finding their place and their individual voice. Questions motivated by their respective positions as heirs, beneficiaries, descendants, inheritors and ‘next-in-line’.

In a recent family business event, a couple of young family business owners were asking questions around their role, finding their place and their individual voice. Questions motivated by their respective positions as heirs, beneficiaries, descendants, inheritors and ‘next-in-line’.

Any one of these descriptions are representative of considerable responsibilities and accepted norms. Taken together, they represent the range and depth of the obligations, paths and expectations which together are captured in one word: successor.

November 21, 2019

Succession by virtue of birth and family dynamics is a phenomenon that occurs quite frequently. We see it on the news or because it is happening in the organisation we work for, or simply because it’s happening in our family owned business. The successor is handed over the reins of the business, but can he or she run the business? What are the factors that determine the success of the succession? Can this be left to chance or “It runs in the blood” factor?

Succession by virtue of birth and family dynamics is a phenomenon that occurs quite frequently. We see it on the news or because it is happening in the organisation we work for, or simply because it’s happening in our family owned business. The successor is handed over the reins of the business, but can he or she run the business? What are the factors that determine the success of the succession? Can this be left to chance or “It runs in the blood” factor?

It’s time for millennials to take up the mantle

August 11, 2017

Lego has ousted its chief executive after eight months, trading him in for a younger toy boy with technology experience, as the company moves to be more competitive in the digitally-focussed play market.

Lego has ousted its chief executive after eight months, trading him in for a younger toy boy with technology experience, as the company moves to be more competitive in the digitally-focussed play market.

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