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5 keys to success in any family business

Published September 14, 2020 Chris Yount |

Running a business is hard. Family life can be hard. Running a family business can seem impossible at times. In addition to the difficult decisions you must make every day for the company, you must al...

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Risk Management in the Age of Uncertainty

Published September 10, 2020 Erich M. Hickey |

In the 1600s, merchant ships faced enormous uncertainty while delivering cargo throughout the world. Rough weather, pirates, foreign gunships and disease consistently threatened their voyages, and the...

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GOJO doubles production to meet ‘staggering’ Purell demand

Published August 21, 2020 |

GOJO Industries, the third-generation family business that makes Purell Instant Hand Sanitizer, has doubled production across all operations in order to ship twice as much product as it delivered to s...

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Family giving during COVID-19

Published August 14, 2020 Ann Gill |

Over the past several months, we have heard time and again: We are all in this together. Truly, not a single person in our country has been unaffected by COVID-19. Whether you or someone you know is a...

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Laird & Co. toasts the 10th generation

Published August 12, 2020 Hedda Schupak | Feature Article

When you’re the ninth generation leading a family business that served George Washington, you don’t want to be the one who screws it up, says Lisa Laird Dunn, executive vice president and global a...

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Redefining ownership as shareholder stewardship

Published August 12, 2020 Richard Seaman | Feature Article

Thirty years ago, I was faced with a typical family business crisis. My father, the founder of our family-owned industrial fabrics company, Seaman Corporation, had passed away prematurely at the age o...

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Family office decision factors

Published August 12, 2020 Maureen Milford | Feature Article

Advisers offer these suggestions for families considering a single-family office (SFO):• Solicit feedback from the family about potential benefits. Is the primary purpose to bring the family assets ...

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Covid-19 raises cybersecurity issues for family offices

Published August 12, 2020 Maureen Milford | Feature Article

The move to working from home revealed vulnerability to phishing among family offices that had not set up proper controls for remote access.As family offices scrambled to respond quickly to the health...

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Single-family office nuts and bolts

Published August 12, 2020 Maureen Milford | Feature Article

Eric Allyn knows his way around an operating company.Born into the family that owned the Welch Allyn Inc. medical device company in Skaneateles Falls, N.Y. for 100 years, Allyn could tell you all abou...

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Family business CFOs are essential in black swan events like COVID-19

Published August 12, 2020 Jane Hamrle | Advisers

The changes in the world today are multi-dimensional and complex. Many factors were already in play at the beginning of 2020, but the COVID-19 global pandemic this spring was a black swan event that t...

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Onboarding new family members must be an intentional process

Published August 12, 2020 Joline Godfrey | Advisers

If you don’t think onboarding new family members is important, you may want to ask Her Majesty Queen Elizabeth II for a second opinion. In January 2020, a year and a half after their wedding, Prince...

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Scenario analysis can help you prepare for an uncertain future

Published August 12, 2020 Frank Williamson | Advisers

Few people could have anticipated the year we’re having. We’ve experienced substantial oil price cuts, liquidity issues in the bond market, a dramatic stock market correction and ongoing economic ...

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Wearing many hats

Published August 12, 2020 Barbara Spector | Departments

When our MLR Media team — including Family Business and my colleagues at Directors & Boards and Private Company Director — began working from home because of the COVID-19 pandemic, I started w...

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Alexa, thank my board

Published August 12, 2020 Bill Rock | Departments

Like some of you, we at MLR Media have been working remotely for months and consider ourselves fortunate that we are able to do so. A silver lining during this difficult COVID-19 pandemic has been spe...

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Dueling Perspectives: Nick Rhomberg and Bill Buchholz Jr.

Published August 12, 2020 Barbara Spector | Departments

Nick Rhomberg is Denver district manager at Crescent Electric Supply Co., based in East Dubuque, Ill. In that role, he oversees five locations in Colorado, Wyoming and Nebraska.Rhomberg is a fourth-ge...

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September/October 2020 Family Matters

Published August 12, 2020 | Departments

David DeStefano has been appointed chairman of the board at Vertex Inc., a family-owned provider of tax software and solutions based in King of Prussia, Pa.DeStefano, a non-family executive, will cont...

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At the Helm: Thomas Hartland-Mackie

Published August 12, 2020 Patricia Olsen | Departments

Generation of family ownership: Third.Revenue: Approximately $2.5 billion.Number of employees: 8,000.First job at this company: Shredding profit and loss statements for my grandfather from as young as...

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Celebration Corner: YESCO's 100th anniversary

Published August 12, 2020 Barbara Spector | Departments

The Business: YESCO, headquartered in Salt Lake City, Utah, produces and services signs, lighting and other display systems. The company has created some of the most memorable signs in America, includ...

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Tips on interviewing philanthropy advisers

Published August 12, 2020 Robyn Hullihan | Departments

Corporate and private philanthropy require daily decisions on a myriad of topics, including governance, grantmaking, employee engagement, community outreach and communications. While philanthropic ins...

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Champions of the river

Published August 12, 2020 Karen Kreeger | Departments

The Delaware River is the longest undammed river east of the Mississippi. From its headwaters in New York, it flows 419 miles into Delaware Bay, bounded by New Jersey and Delaware. About 5% of the U.S...

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