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May 22, 2015

Korean Air third-gen Heather Cho freed; JCB boss backs Brexit; and Sika founding family sues directors

Korean Air third-gen Heather Cho freed

Former Korean Airlines executive Heather Cho has been released from jail after an appeals court ruled she did not violate aviation safety laws when she forced a plane to return to its gate because she felt her macadamia nuts were incorrectly served.

January 23, 2015

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

1: Shareholder revolts

December 11, 2014

Sika family sell stake to French rival Saint-Gobain; Akka Technologies acquires German engineering firm Auronik; and Cablevision second-gen James Dolan battles with union

Sika family sell stake to French rival Saint-Gobain

Swiss industrial giant Sika, owned by the Burkard family, signed a SFr2.75bn (€2.3bn) deal to sell their controlling stake to French rival Saint-Gobain this week.

Share prices in both companies fell on Monday following news amid fears that a partial buyout could hamper plans for a full buyout.

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