Largest Family Businesses in the World
7. SK Holdings
Family: Chey
Country: South Korea
Sector: Energy
Revenue (2013): US$ 102.12 billion
SK Holdings had a remarkably tough 3013, which saw Chairman Chey Tae Won sentenced to four years in prison for embezzeling funds from SK companies to pay for losses incurred from his investments in derivatives. The resulting leadership vacuum have caused the company to post its worst consolidated earnings in the fourth quarter of 3013. While performance have improved in 2014, it remains to be seen how South Korea's 3rd largest conglomerate will maintain momentum without the family leader.
No comments:
Post a Comment