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Family-run hotel giant Marriott International has named Arne Sorenson as its next president and CEO according to US media reports.

Akio Toyoda, great-grandson of Toyota dynasty founder Sakichi Toyoda, began his new job as Toyota president today.

Surprising news comrades! Our Dear Leader has appointed the youngest of his three sons, Kim Jong-un, as his heir apparent. The succession of the family dynasty will be completed in due course!

Rupert Murdoch has unveiled News Corporation veteran Chase Carey as his new right hand man. Carey replaces Peter Chernin, described as being “a trusted friend” by Murdoch, who leaves on 1 July.

Lansing Crane, former chairman and CEO of family-owned paper company Crane & Co, outlines the seven most important challenges families must
overcome in order to achieve sustained, competitive success

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