Why family businesses run the world

Family businesses run much of the world, especially in developing countries. Often their downfall comes when relatives squabble. We talk to Ernest Antoine Seilliere, of the Wendel family empire, a business which survived the French Revolution and dozens of recessions. Nowadays it invests in various businesses, including the construction group St Gobain.
The group has had a turbulent time recently with a family feud over the direction of the business, large losses and concerns about levels of debt. And we talk to Professor Randal Carlock of INSEAD business school about whether family businesses have the same problems of succession and strategy, in every region of the world.

Available now

18 minutes

Last on

Mon 19 Oct 2009 07:32 GMT

Business Daily Podcast

MP3 Player.jpg

Download every programme.