Richard Eu - Family Politics, Consolidating Power, Going Public & Taking Private [The Business of Family Podcast]www.businessoffamily.net
Richard Eu is a fourth-generation Eu. One of the family's last remaining businesses, Eu Yan Sang, a network of Traditional Chinese Medicine dispensaries, was founded by Richard Eu's great-grandfather Eu Kong and the family's fifth generation are still in the business today.
This is a gripping story of family politics, loss of control, re-consolidation, an IPO, and ultimately privatisation of the family firm once again.
- “My father told me when I was still studying that I would not expect to be able to work in any of the family businesses after graduation because of the family politics” – Richard Eu
- “If you want to institutionalize the business, it cannot be in family hands forever” – Richard Eu