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Family businesses are an antidote to the problems of short-termism

Published September 24, 2018 Rob Lakla | Advisers

Imagine your daughter coming home from fourth grade one day and, with a defeated look, handing you her midterm report card. She showed such promise in kindergarten. But for the second quarter in a row...

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How to encourage innovative thinking

Published September 24, 2018 Barbara Spector | Departments

You’ve likely heard the old cliché about the buggy-whip maker (or his more recent counterpart, the video rental store owner) who stubbornly sticks to his business model until changing technology re...

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Business en famille

Published September 24, 2018 Caro U. Rock | Departments

For the past 22 years, my husband and I have spent the month of August at our home in the enchanting south of France. Although we do some work over there, thanks to WebEx and the internet, it is truly...

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Dueling Perspectives: Bill and Mike Betts

Published September 24, 2018 Barbara Spector | Departments

Betts Company, based in Fresno, Calif., celebrates its 150th anniversary this year. Founder William Michael Betts, an English spring maker, sailed to the United States in search of better opportunitie...

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At the Helm: Julie Charlestein

Published September 24, 2018 Patricia Olsen | Departments

Generation of family ownership: Fourth.About the company: We have a corporate office [in the Philadelphia suburbs] and a manufacturing facility in Philadelphia. We develop, manufacture and distribute ...

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Celebration Corner: Willson International's 100th anniversary

Published September 24, 2018 April Hall | Departments

The Business: There are a lot of Is to dot and Ts to cross if you’re transporting goods across the border between the United States and Canada. Customs broker Willson International has helped import...

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Overcoming family business myths

Published September 24, 2018 Barbara Spector | Departments

Family businesses are reputed to be unprofessionally run and destined to fail in the third generation. So how does one explain the continuity of companies like Cargill Inc. (founded 1865), S.C. Johnso...

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Succession Planning Without a Successor

Published September 14, 2018 Whittier Trust |

Many family businesses struggle with succession planning. For Mark’s successful real estate company, what is often an awkward and emotional transition for many family-owned businesses became an exis...

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Family-owned Bacardi shrinks its environmental footprint

Published September 6, 2018 |

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Wall Street was wrong to focus on Ford dividend

Published August 23, 2018 |

By Barbara SpectorAfter Ford Motor Co. released its second-quarter earnings report, Wall Street analysts predicted the family-controlled automaker would have to cut its 15-cents-per-share quarterly di...

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‘Succession’: Did HBO succeed?

Published August 17, 2018 |

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FEUSA survey: Family firms are committed to the long term

Published August 16, 2018 |

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A seasoned family business

Published July 9, 2018 April Hall | Feature Article

It’s fair to say Lodge Manufacturing has kept the small town of South Pittsburg, Tenn., going since 1896, the year Joseph Lodge opened his first foundry. The company, known for its cast iron product...

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Celebration Corner: Jensen Precast's 50th anniversary

Published July 9, 2018 Barbara Spector | Departments

The Business: As a high school student in Reno, Nev., Don Jensen worked part-time pouring and selling concrete parking curbs. In 1967, he went to work for a friend of his father’s who owned a busine...

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Dueling Perspectives

Published July 9, 2018 April Hall | Departments

The sustainability of a family business often depends on diversification. Times change, markets change, technology changes — sometimes it feels as though everything changes regularly.William F. Peel...

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Ask the experts

Published July 9, 2018 | Departments

Would a 21-year-old family member who is an MBA student benefit from attending a board of directors meeting as an observer? Would the NextGen’s presence in the boardroom be disruptive?ADVISERS’ RE...

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At the Helm: John Tallichet

Published July 9, 2018 | Departments

Generation of family ownership: Second.Revenue: $110 million.Number of employees: 2,500 full- and part-time.Years with the company: 30 (fulltime).First job at this company: Working as the salad boy at...

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From the editor: Help your NextGens reach their potential

Published July 9, 2018 Barbara Spector | Departments

While business founders have the foresight and drive to take a good idea and turn it into a profitable enterprise, history abounds with stories of successors who took the original vision and grew it t...

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NextGens to Watch: Class of 2018

Published July 9, 2018 | Feature Article

In order to sustain your family business for multiple generations, you need NextGen members who are prepared to serve as responsible stewards. This extends beyond the financial aspects of ownership an...

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The role of independent directors in a successful family business

Published July 6, 2018 F. Douglas Raymond | Advisers

A thriving family business generally owes its success to family members who have devoted themselves to the enterprise. No one else has as much invested, either financially or psychologically, in the l...

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