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Family Matters: May/June 2020

Published May 13, 2020 | Departments

Joshua Patinkin, a third-generation family member, has been promoted to senior vice president, capital markets at Golub & Company, an international real estate development and investment firm base...

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Dueling Perspectives: Family education programs

Published May 13, 2020 Barbara Spector | Departments

MacLean Fogg Co., a global enterprise that makes engineered components for the electrical, telecom and automotive industries, has 23 family stakeholders. The Mundelein, Ill.-based company has been con...

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At the Helm: Chris Thorkelson

Published May 13, 2020 Patricia Olsen | Departments

Generation of family ownership: Second. Pat Lloyd, my mother’s sister, started the company with her husband, Craig, in 1972.Company revenues: $150 million.[[{"fid":"12308","view_mode":"default","fie...

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Celebration Corner: Sutter Roofing's 40 years in Florida

Published May 13, 2020 Barbara Spector | Departments

The Business: Claire Phillip “C.P.” Sutter founded a roofing and metal company in Clarksburg, W.Va., in 1902. The company grew along with the north central West Virginia region during the 1910s an...

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Tips on interviewing valuation firms

Published May 13, 2020 Travis W. Harms | Departments

As family businesses mature, the reasons for developing an ongoing relationship with a valuation firm multiply. Whether you are establishing a valuation process for a shareholder redemption program, c...

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Family is part of the package at New Jersey box company

Published May 13, 2020 Patricia Olsen | Departments

Marketing 101 teaches that packaging is an important part of marketing strategy, a tenet that has been a boon for Accurate Box Company of Paterson, N.J. The fourth-generation family business manufactu...

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Intergenerational transitions go Zoom!

Published May 12, 2020 Todd Smith |

Many things have changed for families during this COVID-19 crisis, but not the complexity associated with intergenerational transitions in family businesses. The many stated (and loads of unstated) re...

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Steps for developing family directors

Published May 11, 2020 Peter Begalla |

Your board has evolved over the last few years, and now there are retirements of both family and independent directors on the horizon. Looking at the family, you may see the desire to serve, but not n...

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Leadership advice for these uncertain times

Published May 11, 2020 Barbara Spector |

Dennis Snow of Snow & Associates, a consulting firm specializing in customer service, employee development and leadership, offers tips on managing teams who are working during the COVID-19 pandemi...

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Graeter’s adapts, with history as its guide

Published May 7, 2020 Margaret Steen |

People still want ice cream in a pandemic — but how they get it is changing.Graeter’s Ice Cream, a 150-year-old family-owned craft ice cream maker, is finding its way through the crisis by adaptin...

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Just Born resuming production after precautionary hiatus

Published May 1, 2020 Barbara Spector |

Just Born Quality Confections, the Bethlehem, Pa.-based maker of Peeps, Mike & Ike, Hot Tamales and other beloved candy products, will resume operations May 4 after a hiatus that began March 25. T...

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Wealth Planning in Down Markets and Low Interest Rates

Published April 29, 2020 Whittier Trust |

The down market and low interest rates present significant estate planning opportunities — making this a very favorable time to consider wealth planning strategies for your family.In the past decade...

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Keeping the Family Connected in Self-Isolation

Published April 27, 2020 Amy Hart Clyne |

What does a family meeting look like when family members can’t actually meet?In today’s world of social distancing, travel bans and shelter-in-place protocols, many families are being forced to re...

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Lee Company pivots to aid ventilator-making effort

Published April 27, 2020 Barbara Spector |

As General Motors and other companies push to make ventilators to help COVID-19 patients streaming into U.S. hospitals, the Lee Company of Westbrook, Conn., has adjusted its systems to join the effort...

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Now is a great time to transfer stock to heirs

Published April 21, 2020 Travis W. Harms |

The economic effects of the COVID-19 pandemic are dire, and family businesses are not immune to the economic fallout from the virus. Yet we are confident that family businesses are best positioned to ...

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Preparing for success in the post-pandemic future

Published April 21, 2020 Rustom J. Desai |

While we are being overwhelmed by a deluge of information on how to “survive” the COVID-19 pandemic, the astute among us are turning their attention to how the post-pandemic future will unfold. Wh...

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Success Tips for Family Business Women

Published April 16, 2020 |

Advice for families:1. Encourage all NextGens, regardless of gender, to engage with the business. Educate them in the business fundamentals and teach them to be good stewards. When they’re youn...

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Go Figure

Published April 16, 2020 |

Recent studies show family business women in North America are still waiting for the chance to take a seat at the head of the table.In a 2014 Ernst & Young survey of 525 of largest global fam...

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Strategic responses to COVID-19 upheaval

Published April 13, 2020 Peter Begalla |

As family firms have responded to the economic upheaval caused by the spread of COVID-19 to the United States, we’ve observed the following principles in operation:• Transparency. Business leaders...

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COVID-19 requires changes in plans for business and family

Published April 13, 2020 Barbara Spector |

Family businesses have adjusted their business and family governance practices to adapt to the COVID-19 pandemic.Bush Brothers & Company, the Knoxville, Tenn., maker of BUSH’S BEST brand canned ...

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