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Guler Sabanci (pictured), chairman of Sabanci Holding, has issued an upbeat New Year's address to employees of the family-owned group by claiming revenues will grow by a massive 21% and operating profit will increase by 28%.

Marmon Holdings, an international association that is owned by the Pritzker family and made up of more than 125 manufacturing and service businesses with combined revenues of $7 billion, is to sell 60% of its shares to Berkshire Hathaway, the conglomerate owned and managed by billionaire Warren Buffett, for $4.5 billion.

When a family business goes global, by choice or by circumstance, the family could then face the further decision of whether or not to go public. Will this make the business easier to manage or will the family lose control? John A Davis explores …

Reports of corruption and fraud in major businesses have filled the first weeks of the new year with some notable family names being sullied. William Boston examines the implications of corruption allegations at a family business

The long-running saga of whether Rupert Murdoch would choose one his siblings to be his successor finally looks to be over with the appointment of James Murdoch as chairman and CEO for News Corporation Europe and Asia.

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