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Fiscal Fitness

Published July 1, 1990 Richard J. Martin |

p>There was little to hold them back. After Congress loosened the regulatory reins in the early eighties, savings and loan executives leaped onto the same high wire as the rest of the financial co...

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Tolerating Alcohol and Drugs: A Deadly Habit

Published June 1, 1990 Janet Bamford |

Not long ago, a woman and her husband's brother came to Ed Storti for help. The San Pedro, California, counselor is an interventionist. It is his job to convince drug and alcohol addicts to enter trea...

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Strategy is the Key to Staying in the Game

Published June 1, 1990 Peter Davis |

Back in the fifties, a Maryland chicken farmer was contemplating how he could make a go of a business that he had taken over from his parents. Chicken in those days was, well, just — chicken; e...

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Starting Over from Ground Zero

Published June 1, 1990 Stephen J. Simurda |

A menacing barbed-wire fence surrounds the 60-acre site amid the scrubby pine barrens. Along the fence, ominous No Trespassing signs warn of explosives and the dangers of smoking. Inside, the nerve c...

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Debra Benditz's Pipe Dream?

Published June 1, 1990 Laurel Brubaker Calkins |

After five years at her dad's company in Houston, which supplies pipe for drilling oil wells, Debra Benditz itched to have a larger say in how things were run, but her father tended to wave off her m...

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How the Culvers Found Their Niche

Published June 1, 1990 Dan Rottenberg |

The early morning scene in the Middlebury, Indiana, farmhouse, just 10 miles from the Michigan border, could have been painted by Norman Rockwell. While Marilyn Culver, 61, bustles about her modern k...

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Building a Dynasty of Bricks and Blood

Published June 1, 1990 Lou Moscatello |

The Lefrak Organization began as a simple construction company launched by architect Harry LeFrak in 1905 soon after he emigrated from France to New York City. Today, it is a $3 billion multi-buildin...

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The Real Value of Outsiders on the Board

Published June 1, 1990 Gerald Le Van |

Jack is successful, powerful, and wealthy. But he is uncomfortably alone as CEO of JacMar Corp. His two sons, his other employees, his lawyers, and consultants all do his bidding. No one really chall...

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Splitting the Business to Unify the Family

Published June 1, 1990 Mike Cohn |

Sometimes a family has to divide a business if it's going to conquer problems that threaten family unity, as David Boyd recently learned. His younger son, Kevin, had been managing the family's buildin...

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When Brotherly Love Isn't Enough

Published June 1, 1990 Gail Buchalter |

At age 40, Rick Freeman was in crisis. He had to figure out what he wanted to do with his life. He knew one thing for sure — he was suffocating under the constraints imposed by his older brothe...

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The Risks in Employing Your Kid for the Summer

Published June 1, 1990 Stan Luxenberg |

Parents who own businesses might seem to have an easy solution to the kids' summer employment problem. Employing children in the family business, however, can pose a delicate dilemma, and the stakes ...

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Mother in the Middle

Published June 1, 1990 Craig Mellow |

One can not help but feel when speaking with Gertrude Crain that she could soothe a wounded panther. Or, more importantly for her purposes, iron out the differences between her two ambitious and capab...

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Funerals R Us

Published June 1, 1990 Harvey D. Shapiro |

There are no sample products in the lobby of Service Corporation International's highrise headquarters on the fringe of Houston's downtown. Nor are there pictures of SCI facilities, or testimonials f...

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A Contrarian's View on Retiring: Don't Do It

Published June 1, 1990 Donald J. Jonovic |

If a business owner retires at 65, plays 18 holes of golf a day, 365 days a year, until the day the actuaries predict he'll join the Eternal Cash Flow, he'll have to flog 660,000 golf balls off the en...

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Why We'll Never Go Public

Published May 30, 1990 Samuel C. Johnson |

There are distinct advantages to being a family corporation, especially when you are competing against public firms. Public companies do have some advantages, principally, unlimited access to the pub...

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They Foresee the Future and it Works for Them

Published May 1, 1990 Louis Moscatello |

The cycle of life starts every Monday morning at the publishing firm called The Kiplinger Washington Editors. It's then that Austin Kiplinger and his son Knight sit down with their 18 editors to disc...

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Comes the Revolution at Dexter Corp.

Published May 1, 1990 Jayne A. Pearl-Hommel |

"If I thought it was better for the business to have a family member in it, I'd find one somewhere," insists David Linwood Coffin Sr., chairman of The Dexter Corporation. "I think the family has done...

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Using an LBO to Keep a Firm in the Family

Published May 1, 1990 Mike Cohn |

John Kramer's recent success created his current dilemma. As a building materials distributor, he had seen sales jump from $5 million to $20 million in five years. Now, at age 60, John was pleased ...

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To A Son, On His Entering The Business

Published May 1, 1990 Family Business |

"Advice is seldom welcome," Lord Chesterfield wrote to his son, "and those who want it the most always like it the least." And yet generations of fathers have, like Chesterfield, offered words of wis...

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The Smart Way to Cast Off That Shadow CEO

Published May 1, 1990 Edwin T. Crego Jr. |

Too frequently, naming Junior as the company CEO is a purely symbolic act. In these cases, the title of chief executive officer sounds important and prestigious, but it signifies nothing.The reason fo...

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