HONG KONG (AP) — As three "wives" and 16 children of tycoon Stanley Ho grasp for control of his casino fortune, the veneer of professionalism has peeled from his business empire, one of many family-run companies facing succession time bombs in this southern Chinese entrepot.
The ailing, 89-year-old Ho is emblematic of a generation of Asian magnates who made their millions through cozy relationships with the region's political power brokers. They now face a world where governments are less tolerant of monopolies and where globalization has brought competition and innovation that sweeps aside weaker businesses.
Many of the outlandish trappings of the Asian-style crony capitalism …
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