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At few big companies, 1 family holds sway for generations

2015-06-05 22:53:22| Apparel - Topix.net

It's hard to keep control of a large company, but a few families have maintained ownership of their companies for generations - in a few cases, more than a century. On Friday, Wal-Mart Stores Inc. handed its chairmanship to Greg Penner, the grandson-in-law of company founder Sam Walton, marking a third generation in the family to hold that job since the first Wal-Mart opened in 1962.

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