Only about 12% of family-owned businesses make it to a third generation still under family control, according to a new Goldman Sachs playbook aimed at the founders and dynasties the bank counts among its most prized clients. It’s a statistic Goldman itself put in print in “Honoring Legacy and Positioning for the Future,” a paper
The most important question in business isn’t always “What’s next?” Often, it’s “What won’t change?” That question sits at the heart of my colleague Kristin Stoller’s profile of Jeff Bezos at a pivotal moment for Amazon. The company, which recently bested Walmart for the No.1 spot on the Fortune 500 and Global 500, is pouring
Japan’s parliament has passed a bill to relax imperial succession rules, amid concerns about the shrinking size of the imperial family. The bill, passed by the upper house on Friday, allows the imperial family to adopt distant male relatives over the age of 15 and allows women to maintain their royal status after marrying outside
“Succession” duo Peter Friedman and David Rasche, who played Logan Roy loyalists Frank Vernon and Karl Muller on the HBO drama, reunite in the upcoming short film “Elderwood.” From director Luke Gardiner, the 15-minute film also stars Laura Esterman (“Addams Family Values,” “I Know This Much Is True”). It follows Atticus, “a reserved widower whose
Editor’s note: The following contains major spoilers for the fourth episode of the fourth season of “Succession,” “Honeymoon States.” After the shock came the aftershocks, the power vacuum and, perhaps most significantly and impressively, the laughter, as “Succession” pivoted to confront life after Logan Roy, in an episode that finally put the HBO show’s title