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" ... Evidently, this isn't a uniquely American trait. In an eerily familiar-sounding story, South Korean billionaire Lee Jae-yong was ordered back to prison for his involvement with a corruption scandal. Lee was the chairman and scion to the family that ran Samsung Electronics, a large conglomerate that runs one of the world’s biggest computer chips and smartphone manufacturers. South Korea is known for having families owning and tightly controlling large diversified corporations, called chaebols. ... "
" ... FCA chairman and Agnelli family scion John Elkann will chair the combined company and PSA’s Tavares will be CEO, if an agreement is concluded “in the coming weeks.” The combined company will be domiciled in The Netherlands. ... "
" ... In other words, Stroll is in for the long haul. So is his 21-year-old son, Lance, one of Racing Point's two drivers, who has recently re-upped to drive for his father's team as it becomes Aston Martin. The Stroll scion is in his fourth year in F1, with 62 starts and just one podium under his belt, that lone distinction having come in his rookie year, 2017, a third-place in Azerbaijan. The fact is ineluctable: He has not yet won a Formula One race, which is to say, there will come a point, sooner rather than later, when he can no longer afford his modest record. ... "
" ... It just took three years. Ford’s CEO Jim Hackett is retiring. In May 2017, Ford hired Jim Hackett to be CEO. Mr. Hackett had been CEO of Steelcase, the office furniture company. While at Steelcase, Mr. Hackett joined Ford’s Board of Directors. Mr. Hackett oversaw Ford’s Smart Mobility unit. When Ford was starting to slide, Bill Ford, executive chairman and family scion, picked Mr. Hackett to take over as CEO from Mark Fields. ... "
" ... The billionaire cleaning products scion spent three months behind bars after pleading guilty to sexually abusing his stepdaughter when she was between the ages of 12 and 15. ... "