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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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2020 Private Boards of the Year award winners announced

Published July 29, 2020 April Hall |

Six private company boards will be honored for their business governance excellence at the upcoming 2020 Private Company Governance Summit on September 15-17, 2020, live online.The boards of these com...

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Consider family investors as a source of minority equity capital

Published July 22, 2020 Paul Carbone |

As a result of the market dislocation brought on by the COVID-19 pandemic, many private family-owned businesses find themselves in a precarious situation with budgets stressed and a seemingly never-en...

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Sharing your family business profits fairly

Published July 16, 2020 Richard Spore |

The allocation of profits from a business among its owners typically reflects their overall contributions to the business, including contributions of both human and financial capital. However, in a fa...

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The Smith Family Gathering in the age of COVID

Published July 14, 2020 Elliott Gansner |

As did many families, we reimagined our annual event this year. Instead of Camp Smith at The Osthoff Resort in Elkhart Lake, Wis. (the original plan), we created Camp Smith @HOME. An hour after the sh...

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Ensuring Your Trust Is Exactly as You Plan It — Through Generations

Published July 10, 2020 Whittier Trust |

A trust can serve as one of the most powerful and enduring instruments of your legacy.  Whether providing a financial safety-net for your family or supporting the philanthropic causes that matter...

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Resolving the rising generation paradox

Published July 9, 2020 Amy Hart Clyne |

Every generation has its defining moments, particularly for the youth who are coming of age. For the Silent Generation, it was the Great Depression and World War II. For Baby Boomers, it was the civil...

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Yields are near 0%. Why should I own bonds?

Published July 8, 2020 Erich M. Hickey, CFA® |

Since 1981, when the 10-year U.S. Treasury yield peaked at over 15%, investors have enjoyed the benefit of holding Treasury bonds in their portfolios. Longer-maturity Treasuries have been the perfect ...

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Family-owned retail chain stays strong during pandemic

Published June 24, 2020 Barbara Spector |

Robert Matthews (Matt) Beall III’s promotion to CEO of Beall’s Inc., a retailer based in Bradenton, Fla., was announced in December 2019. Just three months later, the COVID-19 pandemic struck the ...

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Planning opportunities for these unprecedented times

Published June 24, 2020 Mark Bernstein |

This year, as the COVID-19 pandemic has upended our lives, our attention is focused on the wellbeing of our families and loved ones. Because their futures are our top priority, there may be no better ...

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Flush with success

Published June 23, 2020 Beth Braverman | Feature Article

The memes came first.In late February, Juan Corzo III started seeing social media memes about how consumers were stocking up on toilet [[{"fid":"12583","view_mode":"default","fields":{"format":"defaul...

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Ohio Art Company

Published June 23, 2020 Barbara Spector | Feature Article

Ohio Art has reinvented itself several times in the 112 years of the company’s existence.Henry Winzeler, who founded the Bryan, Ohio, company in 1908, started out making metal picture frames and [[{...

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