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Passing on a family business isn’t easy. Here’s why – and what factors predict success

By Francesco Chirico, Professor of Strategy and Family Business, Macquarie University

Earlier this year, the world watched with interest as the Murdoch family’s real-life Succession drama came to a close.

Media mogul Rupert Murdoch’s children – eyeing an empire estimated to be worth more than US$20 billion (A$30 billion) and control of the Fox Corporation and News Corporation – had disputed a change to their trust that would put…

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