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Haws Corporation family governance builders
Haws, based in Sparks, Nev., and part of Traynor Family Enterprise, was founded in 1906 with the invention of the drinking fountain. The company today provides hydration systems as well as engineered ...
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Trustees must build rapport with younger beneficiaries
When 28-year-old Brady lost his mother to a sudden illness, in addition to grief and loss came questions about how to manage a large trust created by his mother. The mother’s estate plan distributed...
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Family cleaning brand remains untarnished
Alison Gutterman does not like to clean. Some people do, she realizes, but she’s not one of them. That’s funny, because her family owns Jelmar, the Skokie, Ill.-based company behind CLR and RustX ...
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Tips on interviewing financial advisers
Do your homework• Determine your advisory needs. Do you require financial planning, estate planning and trust services? Will you need lending, insurance, philanthropic and tax planning advice? Do yo...
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Celebration Corner: Crescent Electric Supply's 100th anniversary
The Business: The Schmid family’s first business venture was the Schmid Brewery in Dubuque, Iowa, founded in 1855 by Titus Schmid, an immigrant from Bavaria, Germany, according to a blog posted on C...
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At the Helm: Sue McCollum
Generation of family ownership: Third.Revenue: $415 million.Number of employees: 612.Years with the company: Eight. I formally started on Jan. 1, 2011, when my late husband, Todd Epsten, CEO, was ill ...
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Dueling Perspectives: Bill Hudson and Lynn Clarke
William A. (Bill) Hudson serves as president, international in his family business, H.D. Hudson Manufacturing Company, which makes and distributes sprayers to protect against insects, weeds and plant ...
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November/December 2019 Family Matters
Meghan Juday, a fourth-generation family member, will become chairman of IDEAL Industries on Feb. 1, 2020, following the retirement of Jim James from the post on Jan. 31.Non-family executive Steve Hen...
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Grape Expectations
My husband, Bob, and I were recently in Napa, Calif., for a celebration to mark the 50th birthday and 10th wedding anniversary of a dear friend in the wine business. The weekend festivities were fanta...
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Preparing for 2020
The fourth quarter is packed with occasions when the extended family gets together. In addition to Thanksgiving and Christmas or Hanukkah, families who own businesses are likely to gather at the compa...
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Family Leaders to Watch
In order for a family business to survive past the third generation, the extended family must resolve to put their personal interests aside and make decisions that are best for the business. The large...
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Differing views on director term and age limits
Instituting term or age limits for directors is a way to ensure you have the right board members to help your family business grow and thrive in today’s competitive marketplace. Requiring directors ...
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Championing the future
Dramatic change is on the horizon, and multigenerational businesses are facing critical transition issues as ownership in private companies and substantial wealth are transferred between generations. ...
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The ABCs of wealth and responsibility
Nearly 100 years ago, Pierre S. du Pont was concerned about the difficulties future du Ponts would face as a result of the fortune being generated by the young chemical giant of the same name.Du Pont,...
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Sustainable governance at J.M. Huber Corporation
Decisions at the J.M. Huber Corporation are made with the long view in mind: How should the business evolve so it can succeed for another 136 years? How can a family with hundreds of members sustain i...
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Low Interest Rates — Recession or Distortion?
Financial markets have been volatile for the better part of the last two years. In the meantime, the current U.S. economic expansion has progressed to now become the longest on record.Far from drawing...
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September/October 2019 Family Matters
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July/August 2019 Family Matters
Kyle Fernley has been named the fifth president of Fernley & Fernley, a 133-year-old association management company based in Philadelphia.Fernley has also been named president of Premier Meeting...
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Building a community
When Family Business Magazine debuted in 1989, business leaders who had grown their companies after returning from World War II service were passing the baton to their baby boomer children. Today, tho...
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Looking back and ahead
This 30th anniversary issue of Family Business has been a delight to put together. Our editorial team, led by Barbara Spector, has done an excellent job of highlighting how the field of family busines...
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