These family companies should not be allowed to play out their drama at the expense of shareholders.
Shareholders need to take a more active role and throw out the family from the management and the government should stay out of it. Their history is to protect the status quo.
Onésimo Alvarez-Moro
See article:
Shakespeare could hardly have written a more convoluted tale of sibling rivalry, palace intrigue and thirst for power. But with one crisis not yet cold, another has befallen South Korea's Hyundai empire.
As one brother of the chaebol's founding family - Chung Mong-koo - languishes in a detention centre outside Seoul awaiting trial on charges of embezzlement from Hyundai Motor, Korea's largest carmaker, a management battle is under way at sibling companies Hyundai Group and Hyundai Heavy Industries.
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