corporate succession

Andrew Hill

Spanish Crown Prince Felipe Photo: Reuters

A couple of royal handovers and a papal resignation and suddenly abdication – which used to have a near uniformly negative connotation – is all the rage. Read more

Leonardo Del Vecchio and Rupert Murdoch have plenty in common. The chairman of Luxottica, the eyewear group, and the chairman of News Corp and 21st Century Fox were born in the 1930s. Both are billionaire patriarchs of family businesses they largely built themselves but now share with outside investors. Both have six children from different relationships, and both have wrestled with the question of succession.