"The concept of nepotism has been with us since the mid-17th Century, when Italian Catholic popes began giving their nephews, or nipote, high-ranking church positions strictly because of familial ties."
"Recently, cultural pundits have brought laser-sharp focus to the habit of giving offspring unearned access to wealth and power by tracking nepotism's beneficiaries, the so-called nepo babies."
"David Ellison cemented his status as a nepo CEO thanks to a big assist from his dad, the eccentric Silicon Valley billionaire who founded Oracle."
"Nepo babies are everywhere, including at the helm of large public companies, where they can be judged harshly."
David Ellison, son of billionaire Larry Ellison, recently elevated his status in Hollywood by securing an $8 billion merger between Skydance Media and Paramount Global. This move places him among a growing number of nepo CEOs, individuals who benefit from familial connections in their careers. The phenomenon of nepotism has persisted for centuries, with many nepo babies in various industries, including media and luxury goods, receiving unearned advantages due to their family ties. Ellison's ascent exemplifies this trend.
Read at Fortune
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