All articles tagged with #succession
BBC examines Kim Jong Un’s mother Ko Yong Hui, born in Osaka to Zainichi Koreans and never publicly named by the regime, and how the Paektu bloodline myth secures legitimacy; the secrecy surrounding her could undermine North Korea’s hereditary system if her origins were exposed, while Kim’s public wife Ri Sol Ju is used to bolster stability.
A report claims Prince George is reportedly aware of mortality as he edges toward being second in line to the throne amid King Charles' cancer, fueling discussion about the monarchy's future.
Thai Princess Bajrakitiyabha, the king’s eldest daughter, died aged 47 after more than three years in a coma following a December 2022 collapse attributed to a severely irregular heartbeat from a mycoplasma heart infection. A lawyer by training, she served as Thailand’s ambassador to Austria (2012–2014) and as the UNODC’s Ambassador for the Rule of Law in Southeast Asia, and later became chief of staff to her father’s private bodyguard in 2021 while championing penal reform. Her death removes one of the royal family’s most visible figures and leaves the question of succession unresolved, as the king has yet to designate an heir.
Princess Bajrakitiyabha, the eldest daughter of King Maha Vajiralongkorn, died at age 47 after nearly four years in a coma following heart problems in December 2022. Her death raises questions about succession within Thailand’s monarchy, which is tightly controlled by lese-majeste laws that limit public discussion.
Thai Princess Bajrakitiyabha, the eldest daughter of King Vajiralongkorn and a prominent royal figure, has died after more than three years in a coma following a December 2022 collapse linked to a heart infection. Her death removes a leading potential successor and raises questions about Thailand’s royal future at a time when the throne has traditionally favored male heirs, though a 1974 amendment allows a queen. Bajrakitiyabha was a lawyer, diplomat, and advocate for penal reform, later serving as UNODC’s Ambassador for the Rule of Law in Southeast Asia and, in 2021, as chief of staff to the king’s private bodyguard with the rank of general.
A 170-year-old family business, the Laird Norton Company, remains active through deliberate succession and broad family involvement: Jill Gardner, who married into the family, serves as family president and helps oversee governance with a board of both family and non-family directors, while programs like a family journal, annual summits, internships, and a “next gen” initiative engage relatives across generations to sustain the legacy.
Fortune argues that Baby Boomers, by dominating jobs, owning most large homes, and aging in top roles, suppressed wages and constrained housing for younger Americans for decades; as Boomers retire, a tighter labor market, housing shortages, and weak leadership succession threaten the economy and compel institutions to reinvent transitions.
Stephen I. Miran has submitted his resignation from the Federal Reserve Board, effective when his successor is sworn in. He joined the Board in September 2025 to fill an unexpired term ending January 31, 2026; his prior roles include chairman of the Council of Economic Advisers under President Trump and senior positions in finance and policy. A copy of the resignation letter is attached.
Forbes highlights America’s biggest family-owned firms, showing how multi‑generational ownership and governance shape long-term strategy, succession planning, and resilience across industries beyond short-term quarterly results.
Shareholders at Berkshire Hathaway's annual meeting express cautious optimism about Greg Abel succeeding Warren Buffett, praising his operational background and Buffett's endorsement while noting Abel may not match Buffett's stagecraft; the gathering signals the official pivot to Abel's tenure as the conglomerate navigates inflation and affordability concerns while preserving Berkshire's long-term principles.
Powell’s term as Fed chair ends May 15, 2026, but the question now is whether he’ll stay on as a governor after a DOJ probe into the Fed’s renovation ends; insiders say he’s torn between leaving for a quieter life and guarding the Fed’s independence, with a smooth transition possible if he stays briefly to back incoming chair nominee Kevin Warsh, while Trump’s threats add political pressure.
NASCAR will appoint Steve O'Donnell as CEO, making him the first non-France family member to run the sport, while promoting Ben Kennedy to chief operating officer. Jim France remains chairman and majority owner. O'Donnell will oversee all operations, including racing series and tracks, and Kennedy will drive competition and business initiatives. The changes, announced ahead of a Talladega press conference, come after recent stability from new media deals and a revised playoff format.
Apple unveils a board-approved leadership transition: Tim Cook will become executive chairman and John Ternus will become CEO on September 1, 2026, with Cook staying on through the summer to ensure a smooth handoff; Arthur Levinson will become lead independent director and Ternus will join the board.
State media KCNA showed Kim Jong Un with his reportedly 13-year-old daughter Ju Ae driving an army tank, a display analysts say may indicate grooming her to succeed him. Ju Ae has recently appeared with her father at a firing range and a handgun shoot, though North Korean officials have not confirmed her name or age.
NFL owners will vote at the spring meeting in Phoenix on a Raiders succession plan that would allow Silver Lake co-CEO Egon Durban to purchase a majority stake from Mark Davis, potentially placing him as the future controlling owner. Durban already holds a minority stake (about 7.5%) and has been involved in the organization, with a second minority stake offered to limited partner Michael Meldman; Davis, who turned 71 and recently inherited his mother’s shares, has not indicated an intent to sell. The plan would require owners’ approval to finalize Durban as the new controlling owner if/when a sale occurs.