Asian business dynasties：Godfathers depart, too

---Why some family empires struggle with succession

經(jīng)濟學(xué)人6月刊

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succession?/s?k?se?n/ 1.a number of people or things that follow each other in time or order 一連串；一系列；連續(xù)的人（或事物）?a succession of visitors 絡(luò)繹不絕的來訪者 ?The gunman fired three times in rapid succession . 歹徒連開三槍。2.[ U ] the regular pattern of one thing following another thing 交替；更迭?the succession of the seasons 四季的更迭 3.[ U ] the act of taking over an official position or title; the right to take over an official position or title, especially to become the king or queen of a country 繼承；繼任；（尤指王位的）繼承權(quán)

MACAU?WILL?become?the?“Las?Vegas?of?the?Far?East”,?predicted?Sheldon?Adelson,?an?American casino magnate. In 2019 the Chinese territory’s $30bn in annual casino revenue was ?ve times Vegas’s.?Despite?a?slump?in?turnover?this?year?as?covid-19 emptied parlours，Macau‘s rise looks poised to resume. It owes much to Stanley Ho, the charming scion of an illustrious Hong Kong clan.?Thanks to the monopoly?gambling licence he secured from Macau’s former Portuguese?administrators in 1961 and held until 2002, STDM, his family’s main holding company, grew into Asia’s largest gambling empire.

magnate?/?m?ɡne?t/a person who is rich, powerful and successful, especially in business 權(quán)貴；要人；富豪；（尤指）產(chǎn)業(yè)大亨? a media/property/shipping magnate 媒體╱房地產(chǎn)╱航運業(yè)大亨?還記得 tycoon嗎 也是商業(yè)巨佬的意思 a person who is successful in business or industry and has become rich and powerful （企業(yè)界的）大亨，巨頭，巨子

Magnate與tycoon在釋義上非常接近，他們有什么不同之處嗎？Up找了很多資料，基本兩者可以通用，區(qū)別可以參考雅虎問答上面的答案：Tycoon源于日語，是‘大君’的音譯，在英語語境中也延續(xù)了日語的語境，會指那些特別成功的人士，當提及一個人是tycoon，他一定在這個行業(yè)的金字塔頂端，非常非常的成功。Magnate源自拉丁文，最開始指‘great man’，后來演變成行業(yè)中非常成功的人士，有一定話語權(quán)。（參考：雅虎問答）

Up主個人傾向：國內(nèi)互聯(lián)網(wǎng)公司，阿里，騰訊的掌權(quán)人是magnate，而谷歌的掌權(quán)人是tycoon（除中國之外地區(qū)的）

Slump??做名詞使用1.~ (in sth) a sudden fall in sales, prices, the value of sth, etc. （銷售量、價格、價值等的）驟降，猛跌，銳減???a slump in profits 利潤銳減·a period when a country's economy or a business is doing very badly 蕭條期；衰退?the slump of the 1930s 20世紀30年代的大蕭條?2.做動詞使用：~ (by sth)~ (from sth) (to sth) to fall in price, value, number, etc., suddenly and by a large amount （價格、價值、數(shù)量等）驟降，猛跌，銳減?·Profits slumped by over 50%. 利潤突降50%以上

parlour?/?pɑ?l?(r)/ 客廳；會客室；雅座

poised adj. ??/p??zd/??1.[ not before noun ] ~ (on, above, over, etc. sth)~ (to do sth) in a position that is completely still but is ready to move at any moment 處于準備狀態(tài)；蓄勢待發(fā)

?Tina was tense, her hand poised over the telephone. 蒂娜心情緊張，手懸在電話機上。

?He stopped writing and looked at me, pen poised. 他手握鋼筆，停下來望著我。

2.[ not before noun ] ~ (in, on, above, etc. sth) in a position that is balanced but likely to change in one direction or another （暫時）平衡，穩(wěn)固

?The cup was poised on the edge of the chair. 杯子放在椅子邊上（隨時可能掉下來）。

?The world stood poised between peace and war. 世界處于戰(zhàn)爭與和平之間。

3.[ not before noun ] ~ for sth~ to do sth completely ready for sth or to do sth 有充分準備；準備好；蓄勢待發(fā)

?The economy is poised for recovery. 經(jīng)濟呈復(fù)蘇之勢。

4.having a calm and confident manner and in control of your feelings and behaviour 泰然自若的；沉著自信的；穩(wěn)健的

?Illustrious--il·lus·tri·ous adj. ??/??l?stri?s/ ?( formal ) very famous and much admired, especially because of what you have achieved 著名的；杰出的；卓越的

scion??n.? ?/?sa??n/? 1.( formal ) ( literary ) a young member of a family, especially a famous or important one （尤指名門望族的）子弟。2.( technical 術(shù)語 ) a piece of a plant, especially one cut to make a new plant 幼枝；（尤指）接穗

clan n. ??/kl?n/ ?[ C+sing./pl.v. ]1.a group of families who are related to each other, especially in Scotland （尤指蘇格蘭的）宗族，氏族，家族???clan warfare 宗族沖突?2.( informal sometimes humorous ) a very large family, or a group of people who are connected because of a particular thing 龐大的家族；宗派；幫派；小集團

monopoly?/m??n?p?li/1.( business 商 ) ~ (in/of/on sth) the complete control of trade in particular goods or the supply of a particular service; a type of goods or a service that is controlled in this way 壟斷；專營服務(wù)；被壟斷的商品（或服務(wù)）?Electricity, gas and water were considered to be natural monopolies. 電、煤氣和水壟斷經(jīng)營過去被認為是理所當然的。2.[ usually sing. ] ~ in/of/on sth the complete control, possession or use of sth; a thing that belongs only to one person or group and that other people cannot share 獨占；專利；專利品

?Mr Ho died on May 26th, aged 98, leaving behind 14 children and a $6bn-plus fortune. A decade ago his last wife fought a bitter public battle against his second and third wives for control of SJM Holdings, the group’s publicly traded arm. His elder children joined the acrimonious spat, which?ended in a??truce.

Acrimonious--acri·mo·ni·ous adj. ??/??kr??m??ni?s/ ?( formal ) ( of an argument, etc. 爭論等 ) angry and full of strong bitter feelings and words 尖刻的；譏諷的；激烈的

spat n. ??/sp?t/ ?1.( informal ) a short argument or disagreement about sth unimportant 小爭吵；小別扭；口角 2.?[ usually pl. ] a cloth covering for the ankle that was worn in the past by men over the shoe and fastened with buttons at the side （舊時男子用的）鞋罩

truce n. ??/tru?s/ ?an agreement between enemies or opponents to stop fighting for an agreed period of time; the period of time that this lasts 停戰(zhàn)協(xié)定；休戰(zhàn)；停戰(zhàn)期??? to call/break a truce 宣布休戰(zhàn)；破壞停戰(zhàn)協(xié)定

Many?Asian??rms?face?similarly?complex?successions.?Family?concerns?make?up?over?half?of?all?big businesses?in?Asia.?Other?recently?departed?patriarchs?include Eka Tjipta Widjaja of Indonesia's??Sinar Mas Group, Henry Sy of SM Group in the Philipines and Shin Kyuk-ho of South Korea's Lotte Group.?Many other businesses have ageing leaders. Experts foresee a wave of turbulence.

Patriarch??patri·arch n. ??/?pe?triɑ?k/??

1.?the male head of a family or community （男性）家長，族長，酋長

2.?an old man that people have a lot of respect for 德高望重的男長者

3.?Patriarch the title of a most senior bishop (= a senior priest) in the Orthodox or Roman Catholic Church （東正教和天主教的）牧首，宗主教

Eka?Tjipta?Widjaja?of?Indonesia’s Sinar?Mas?Group：黃奕聰?shù)挠∧峤鸸饧瘓F

金光集團(Sinar Mas Group)由印尼知名華人黃奕聰先生于1962年創(chuàng)立，現(xiàn)有數(shù)百家法人公司，擁有員工15萬名，資產(chǎn)約200多億美元，曾被世界著名財經(jīng)雜志《福布斯》評為印尼第一大財團。金光集團投資范圍遠及亞洲、北美、歐洲、澳洲等地。集團已發(fā)展形成六大核心產(chǎn)業(yè):制漿造紙業(yè)、金融業(yè)、農(nóng)業(yè)及食品加工業(yè)、房地產(chǎn)業(yè)、煤礦、移動通訊。1992年起，金光集團開始在中國投資。

Henry?Sy?of??SM?Group?in?the?Philippines?菲律賓施至成的SM集團，施至成（逝于2019年）是菲律賓華商領(lǐng)袖、SM集團董事長，擁有數(shù)十家公司的股權(quán)，包括全國第二大銀行。

Shin?Kyuk-ho?of??South?Korea’s?Lotte Group韓國辛格浩的樂天集團? ?辛格浩(1921年-2020年1月19日)，朝鮮族，出生于韓國里慶南蔚山市三南面屯基，韓國lotte(樂天)集團會長，企業(yè)家，常年生活在日本。

fore·see v. ??/f???si?/ ?( fore·saw /f???s??/ ?fore·seen /f???si?n/ ?)·to think sth is going to happen in the future; to know about sth before it happens 預(yù)料；預(yù)見；預(yù)知

tur·bu·lence n. ??/?t??bj?l?ns/ ?

[ U ]1.?a situation in which there is a lot of sudden change, confusion, disagreement and sometimes violence 騷亂；動亂；動蕩；混亂2.a series of sudden and violent changes in the direction that air or water is moving in （空氣和水的）湍流，渦流，紊流

Many?patriarchs?fear?that?anointing?an?heir?apparent?would?weaken?their?grip?on?power?or?bri-ng?bad luck. Because Asian business dynasties tend to be quite new, many lack the institutional structures of?European?or?American?ones.

anoint /??n??nt/ 1.V-T To anoint someone means to put oil or water on a part of their body, usually for religious reasons. (通常指宗教儀式)在...上涂油?? ?The Pope has anointed him as Archbishop. 教皇給他施以膏油，以示他成為大主教。2.?V-T If a person in a position of authority anoints someone, they choose them to do a particular important job. 指定?? ?The populist party anointed him as its candidate. ?人民黨指定他為該黨候選人。

heir n. ??/e?(r)/ ?heir之前用an，不用a。1.a person who has the legal right to receive sb's property, money or title when that person dies 繼承人；后嗣?to be heir to a large fortune 是大筆財產(chǎn)的繼承人2.?a person who is thought to continue the work or a tradition started by sb else （工作或傳統(tǒng)的）繼承者，承襲者，傳人

Grip on ~ (on sb/sth) control or power over sb/sth （對…的）控制，影響力

A deeper problem is their relationship-based management model. Bosses cultivate a personal rapport?with?politicians?and??nanciers,which?does not easily transfer from one generation to the next.Joseph Fan of the Chinese University of Hong Kong ?nds that family ?rms in Hong Kong,?Singapore?and?Taiwan lose some 60% of their value during generational transitions.

rap·port n. ??/r??p??(r)/ ?~ (with sb)~ (between A and B) a friendly relationship in which people understand each other very well 親善；融洽；和諧

Some?of?Asia’s?geriatric?bosses?are?keen?to?avoid?this?fate.?Before?retiring?two?years?ago,?Li?Ka- shing,?the?91-year-old doyen of corporate Hong Kong, simplified his web of businesses.He gave one of his sons? clear control of CK Hutchison Holdings and CK Asset Holdings, which contain most of his empire.?

geri·at·ricn. ??/?d?eri??tr?k/ ?1.geriatrics [ U ] the branch of medicine concerned with the diseases and care of old people 老年醫(yī)學(xué)?2.[ C ] ( informal offensive ) an old person, especially one with poor physical or mental health 老年人；老頭子；老婆子；老年病人

Li?Ka- shing：李嘉誠

doyen n. ??/?d???n/ ?the most respected or most experienced member of a group or profession （某團體或職業(yè)中的）老前輩，資格最老者，元老

CK Hutchison Holdings長江和記實業(yè)???CK?Asset?Holdings：長江實業(yè)集團