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A higher calling

Published July 2, 2019 Hedda Schupak | Feature Article

The year was 1982. After an antitrust lawsuit that had dragged on for eight years, the U.S. Department of Justice mandated that AT&T Corp. end its vertically integrated monopoly on telephone servi...

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The pros and cons of debt

Published July 2, 2019 Maureen Milford | Feature Article

For many family business owners, debt is a four-letter word that’s synonymous with risk, vulnerability and outside control.Take Gregory Pettinaro, managing partner of Pettinaro Enterprises, a real e...

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Valuation: A worthy cause

Published July 2, 2019 Barbara Spector | Feature Article

Most multigenerational family companies eventually will buy out a family shareholder, or at least redeem some stock held by a family member. Sometimes it’s the culmination of a planned transition (a...

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Survey results offer insights on competitiveness

Published July 2, 2019 Barbara Spector | Feature Article

How important is talent management to family businesses? It’s a major, pressing concern, according to a new survey of U.S. family business leaders by global professional services firm PwC. The perce...

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Overcoming emotions and conflicts to plan for leadership succession

Published July 2, 2019 German Herrera | Advisers

The influential founder and chair of a multibillion-dollar family company suddenly fell ill. The founder and chair had worked closely with a non-family CEO on a day-to-day basis. Financial performance...

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Succession planning must address family and business transitional issues

Published July 2, 2019 George A. Isaac | Advisers

During generational transitions, many family businesses are sold or experience declining business performance and family problems. Inadequate or nonexistent succession plans are generally the underlyi...

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A family enterprise mindset fosters capacity building in a changing world

Published July 2, 2019 Greg McCann | Advisers

Running a family business today can sometimes feel like running a marathon in which the course keeps changing. At first glance, it may look as if your goal is as straightforward as it’s ever been: D...

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Create a formal process for managing conflict

Published July 2, 2019 Carrie G. Hall | Advisers

Family business feuds capture the public imagination. Last year, HBO introduced an original series, Succession, that centered on a quarreling fictional family who control an international media empire...

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When the 'hard side' meets the 'soft side'

Published July 2, 2019 Barbara Spector | Departments

In the family business world, issues tend to be divided into those requiring “hard side” expertise (such as investing, tax planning and legal compliance) and those necessitating “soft side” co...

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The Greatest Generation

Published July 2, 2019 Caro U. Rock | Departments

In the past year and a half, I lost three outstanding human beings: my beloved father, Paul Uhlmann, my dear father-in-law, Milton Rock — both patriarchs of our family businesses — and then in Apr...

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Dueling Perspectives: Jeremy Kanter and Lisa Wojcik Kiser

Published July 2, 2019 Barbara Spector | Departments

Jeremy Kanter joined his family business, Cincinnati-based Rookwood Properties, soon after graduating from the University of Cincinnati. Lisa Wojcik Kiser worked elsewhere before joining her family fi...

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At the Helm: Scott Hunt

Published July 2, 2019 Patricia Olsen | Departments

Generation of family ownership: Second. My father and three brothers started the business, and my brother Britt is our biggest distributor.[[{"fid":"11030","view_mode":"default","fields":{"format":"de...

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Celebration Corner: D.G. Yuengling & Son's 190th anniversary

Published July 2, 2019 April Hall | Departments

The Business: David G. Yuengling Sr. left Germany in 1823 with a plan to start a brewery in the United States. He settled in Pottsville, Pa., a coal-mining community, and got to work. The company, lau...

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Time Printers' family legacy dates to Reconstruction era

Published July 2, 2019 April Hall | Departments

Al Maddox Jr. and his siblings are printers in a digital world, but they’re holding on to traditional relationships they’ve made face to face in the Baltimore area.The family started in the profes...

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The Myth of the Triple Net Lease

Published July 1, 2019 |

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Highlights for Children takes a stand on immigrant family separation

Published June 28, 2019 |

By April HallValues and mission. Most successful companies have put them in writing, but for family companies, they’re personal. Often they’re based on the beliefs of the founder, even if that was...

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How 25-year-old Somia Farid is making her mark on Edible Arrangements

Published June 19, 2019 |

By Lauri Union[[{"fid":"10944","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":false},"type":"media","f...

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Dietz & Watson NextGen goes nuts

Published May 30, 2019 |

By April HallDietz & Watson is a fourth-generation family business probably known best for its products in the deli case. But the company recently expanded to charcuterie, snacks and sandwich cond...

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Thinking Outside the Box: One Family’s Non-Linear Family Entrepreneurship Journey

Published May 23, 2019 |

By Lauri UnionDo “family entrepreneurship” and “family business” mean the same thing to you?[[{"fid":"10866","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][...

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Open Space

Published May 22, 2019 |

The Morey family’s debate over whether to add admission gates in front of their seaside amusement piers was fleeting.In the 1990s, unfavorable weather and extensive reinvestment in the business had ...

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