Family Capital

Why is Warren Buffett relaunching businesses under the Berkshire Hathaway name? Perhaps because he doesn’t want to land his successors with embarrassing comparisons.

Confusion surrounds the goings-on at the Italian luxury group, but the intention is clear – to ensure succession to the next generation. 

Thomas Piketty’s book Capital suggests that family firms are bad, because they pool wealth and increase inequality. But the kind of equality family businesses create is a price worth paying.