The Complicated Dynamics of Firing Relatives from a Family Business
Oct 30. 2019 Layoffs and workforce restructuring are commonplace across corporate America. However, the dynamics of letting an employee go are fundamentally altered when the company is a family business and the employee a family member.READ MORE
Can Search Funds Ease the Family Business Succession Crisis?
Sept 5. 2019
Family businesses and family offices face an impending succession crisis. Entrepreneurs without children or those who’ve been unable to convince the next-generation to take up the reins are left with no obvious successor in place.
Universities Aim to Educate Family Offices on Grooming Next-Gen Leaders
Aug 28. 2019
Universities are increasingly targeting next-generation leaders at family offices and family businesses. A slew of professional courses offered by prestigious institutions aim to plug the widening succession gap in family enterprises.
Using Crowdfunding to Expand a 154-Year-Old Family Brand: Q&A with Mezcal El Tinieblo’s CEO
July 23. 2019
The Perez-Salinas family has managed their 9,000 acre ranch in Northern Mexico by staying true to traditions that have been passed down over generations. Working with 11 local families, the company cultivates over a million agave plants to produce mezcal, a distilled agave-based liquor, under the El Tinieblo brand that dates back to 1865.
Quad Group’s Maureen Costello Wedge: A Succession Case Study
May 20 - 24. 2019
Maureen Costello Wedge’s professional journey over the past three decades has included every stage of the traditional business lifecycle. As a child, Wedge spent summers on a paper route delivering her family’s newspaper. Later she would join her three siblings in senior management roles at the Sun Media Group, leading an ambitious expansion and eventual sale of the company in 2017.
Can Artificial Intelligence Ease Transition of Wealth At Family Offices?
April 29 - May 03. 2019
The recent surge in available data, coupled with cutting-edge advances in computing technology, have helped create artificial intelligence (AI) tools that can close critical gaps across a swathe of different industries. Some experts and family office investors are now asking if these revolutionary tools can help ease the transition of wealth between generations.
How to Effectively Manage a Business Transition: Q&A with BanyanGlobal’s Vladimir Barbieri
April 01 – 05. 2019
Baby Boomers own more than two-thirds of all businesses in the United States, according to data from the U.S. Census Bureau. The Family Firm Institute maintains that 80% of these businesses are family owned. This implies that trillions of dollars in business assets and capital are on the cusp of a generational transition.
Microsoft’s Satya Nadella: A Succession Case Study for Family Offices
March 04 - 08. 2019
Planning for succession is, perhaps, one of the most monumental challenges of any family office or business. Some of the most successful companies and business leaders have failed to transition leadership. Others, however, have succeeded with phenomenal results.
U.S. Family Businesses Face Looming Succession Crisis
Despite a successful 16-year run as a medium-sized business, Montana-based Grandma Hoot Products was nearly liquidated in 2017. Owner Joyce Previte launched the condiment company in 2002, eventually bringing her husband Keith on board to manage sales and distribution. Now in their 60s,...READ MORE
More Next-Gen Women Taking the Lead in Family Businesses
Nov 12 - 16. 2018
In 2013, attendees at the Reliance Industries annual general meeting in Mumbai were stunned when a 21-year-old woman took the stage alongside the company’s leadership team. Isha Ambani was joining her father Mukesh Ambani and taking a more active role in the family business, according to India’s Economic Times.