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Business

To preserve the family business, prune and diversify

How Asian family-owned companies can succeed at succession

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Anand Mahindra, executive chairman of Mahindra Group, attends a news conference in Mumbai on Sept. 8.   © Reuters

HONG KONG If a family business can create wealth, it is also true that wealth can destroy a business and a family. From the sibling rivalry at Samsung Electronics to the ouster of the chairman of Taiwan's Eva Airways, examples of corporate families locked in bitter battles over family fortunes continue to make news headlines across Asia. One extreme case ended with Indian liquor tycoon Ponty Chadha reportedly shot dead by his brother.

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