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A billion-dollar family business goes non-profit

Published January 10, 2018 April Hall | Feature Article

When J. Mark Baiada turned 70 in 2016, he had more to celebrate than just a big birthday. Bayada Home Health Care, the business he had founded in 1975, was generating more than $1 billion in annual re...

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Charity and challenges: The pros and cons of family foundations

Published January 10, 2018 Hedda T. Schupak |

Few would argue that vision and discipline are essential to make money in a family business. The same ingenuity is needed to donate money in a way that feels right to all family members.As family busi...

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Cascading force for good

Published January 10, 2018 Barbara Spector | Feature Article

In just one generation, Cascade Engineering has achieved considerable business success, while also striving to make a positive impact on society and the environment. Fred P. Keller, who founded the co...

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Good governance ensures smooth sailing at The Beach Company

Published January 10, 2018 Maureen Milford | Feature Article

During the credit crisis of the last decade, John C.L. Darby, like many real estate developers, had his share of sit-downs with jittery lenders.But while other developers recount stories of painful re...

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Bush Brothers' Governance Success

Published December 20, 2017 |

By April Hall[[{"fid":"8433","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","fie...

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Our Top 10 News Stories of 2017

Published December 13, 2017 |

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Omaha Steaks’ 10 Success Tips

Published December 12, 2017 |

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Crane Currency changes hands

Published December 8, 2017 |

By Barbara Spector[[{"fid":"8411","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":"Family-owned Crane &...

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Mind your own business with an owners council

Published November 29, 2017 Doug Baumoel |

Having well-aligned, engaged owners can create lasting value for any family business. One highly effective structure to support this critical success factor is the owners council, a forum for owners t...

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Liquidity Options and Challenges of the Family-Owned Businesses

Published November 20, 2017 Clyde Tinnen |

Unlike shares of Apple, IBM or Google, ownership interests in family owned businesses can rarely be sold on a public market. In fact, the governing documents of many family businesses have provisions ...

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How to develop a diverse board and select the right chairman

Published November 17, 2017 Jennifer Muntz and Andrew Keyt | Advisers

Our natural tendency is to surround ourselves with people whose backgrounds, experiences and viewpoints are similar to ours. But in order to achieve the true power of a board of directors, you must ta...

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Protecting your family enterprise from the scourge of 'transition shock'

Published November 17, 2017 Otis Baskin | Advisers

CNBC analyst Jim Cramer raised some eyebrows recently when he stated on his show, Mad Money, that Walmart was going toe-to-toe with Amazon; Walmart isn’t generally seen as a rising powerhouse in e-c...

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Planning a family education program: Consider goals, logistics and content

Published November 17, 2017 Anna Nichols | Advisers

If you hope to maintain business ownership and wealth across multiple generations of your family, you’d be wise to develop a strong family education program. While there is no “one-size-fits-all...

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Theme park puts Santa in spotlight

Published November 17, 2017 April Hall | Departments

At Santa’s Village in Jefferson, N.H., heart takes precedence over facial hair.[[{"fid":"7923","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"fi...

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Traditions reunite family, business

Published November 17, 2017 Michael D. DeVine | Departments

I have heard from several clients that they never really get a chance to talk with their father, but they do get to talk with the owner of the company (who happens to be their father) every day. Anoth...

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Celebration Corner: The Verdin Company's 175th anniversary

Published November 17, 2017 Barbara Spector | Departments

The Business: The Verdin family came to the United States from the Alsace region of France around 1830 and settled in Cincinnati. Two of the seven siblings, Francis de Sales Verdin and Michael Verdin,...

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At the Helm: Dan Mahar

Published November 17, 2017 | Departments

By Patricia OlsenGeneration of family ownership: Third.About the company: We have more than 150 land, river and sea [travel] programs across 70 countries, on all seven continents.Number of employ...

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Dueling Perspectives: The advantages of an independent board

Published November 17, 2017 April Hall | Departments

The board of directors of Samaritan Medical Center was honored as “Private Company Board of the Year” in its revenue category (less than $100 million) at the 2017 Private Company Governance Summit...

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The strategic way to do your planning

Published November 17, 2017 Barbara Spector | Departments

Family businesses face extra challenges when it comes to strategic planning because they must address family as well as business issues. Too many family firms schedule multiple planning meetings and s...

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Risky business down on the farm

Published November 17, 2017 Patricia Olsen | Feature Article

Risk taking has paid off handsomely for McCarty Family Farms in Colby, Kan. In the last few years the McCarty family has become known for its partnership with Dannon, the global yogurt brand—quite a...

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