Families Feud At Bunge & Born

In Latin America's harsh new competitive climate, deep pockets and old family ties don't seem to cut it anymore. Nowhere is that message coming across more clearly than at the continent's biggest conglomerate, Sao Paulo-based Bunge & Born. Controlled by three shareholding families, the secretive, globe-trotting company has sales of $14 billion, from food to computers. But recession and rising competition at home have dunked key operations in red ink and exposed glaring gaps in the group's loose, overlapping management.

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