Britain: The Beatles Besieged

A multimillion-dollar business cannot be run on fun and flowers, the Beatles be latedly discovered after the death in 1967 of their canny manager and mentor, Brian Epstein. More interested in gadding about than tending to their enterprises, they left their convoluted corporate empire (see chart) to run on its own momentum. Inertia was not a successful philosophy. Three of the biggest companies in which the Beatles hold stakes have lately tumbled into trouble.

> Northern Songs, founded in 1963 to handle the songwriting business of John Lennon and Paul McCartney, was...

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