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March/April 2020 Family Matters

Published March 23, 2020 | Departments

Robert Matthews (Matt) Beall III has been named CEO of Bradenton, Fla.-based retailer Beall’s Inc.Beall is the great-grandson of Robert Matthews Beall Sr., who founded the company in 1915. As a stud...

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Dueling Perspectives: Kathy Munson and Jill Jensen

Published March 23, 2020 Barbara Spector | Departments

Crescent Electric Supply of East Dubuque, Ill., was founded in 1919 by Titus B. Schmid. The Schmid family is now in its fifth generation. At the time of the company’s centennial celebration last yea...

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At the Helm: Patricia Walllwork

Published March 23, 2020 Patricia Olsen | Departments

Generation of family ownership: Third.Revenue: More than $135 million.Number of employees: Over 500.Years with the company: 16.First job at this company: In high school, I worked in the plant washing ...

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Celebration Corner: Zoeller Company's 80th anniversary

Published March 23, 2020 Barbara Spector | Departments

The Business: August “Pop” Zoeller started designing and building pedestal sump pumps in the basement of his Louisville, Ky., home in 1939. The business operated from there until 1949, when he mov...

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Tips on interviewing executive search firms

Published March 23, 2020 Lee Ann Howard | Departments

Even if you have a deep bench at your company, there are times when an internal candidate is either not ready or not right for the leadership role you need to fill. Today, because of a high demand for...

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Building a solid lumber company

Published March 23, 2020 Hedda Schupak | Departments

Isabelita “Lita” Abele, the CEO of Woodbury Heights, N.J.-based U.S. Lumber Co., has a simple formula for success: Be persistent, be honest and remember the gatekeeper.That’s probably because th...

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How is COVID-19 affecting your family business?

Published March 23, 2020 |

How is your family business managing in these challenging times? What are your strategies for running your business and connecting with your family when experts are urging social distancing? What are ...

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Opinion: Family Business and Coronavirus Fears

Published March 17, 2020 Dale G. Caldwell |

The coronavirus pandemic has impacted more lives than any other crisis in recent U.S. history. Tragically, this ailment has led to the death of some patients who were already suffering from an illness...

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Gojo working around the clock to keep up with hand sanitizer demand

Published March 14, 2020 April Hall |

A third-generation family business is front and center in the fight against COVID-19.GOJO Industries developed Purell hand sanitizer in 1988 and the product is in dispensers in schools, building lobbi...

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Decision making in the time of COVID-19

Published March 9, 2020 Barbara Spector |

As the COVID-19 coronavirus spreads around the world, businesses must contend with a host of issues, including supply chain disruption and employee absences.Family business owners who have developed a...

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A communicable illness plan helps your business manage risks

Published March 9, 2020 Karen Masullo |

Does your family business have a communicable illness plan? Unlike the disasters for which most companies are prepared, a pandemic will not primarily affect equipment and facilities, but rather the pe...

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Stock Valuations and the “Rule of 20”

Published February 27, 2020 Whittier Trust |

The beginning of a new decade is one of those personal milestones that often prompts reflection and introspection. Where am I in life’s journey? How do I feel about the decade that just ended? ...

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NextGens to Watch 2020 call for nominations

Published February 20, 2020 |

Honor exceptional family business members age 35 or under by nominating them for inclusion in our NextGens to Watch Class of 2020.See the NextGens to Watch Class of 2019Our special section, ...

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Advocacy group seeks family business owners’ opinions

Published February 11, 2020 |

Family Enterprise USA (FEUSA), a 501(c)(3) organization dedicated to educating lawmakers and increasing public support for family businesses, is surveying business owners across the country to learn a...

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Study: NextGens are eager to advance

Published January 22, 2020 Barbara Spector | Feature Article

A global survey of more than 950 NextGen family business members by professional-services firm PwC found the rising generation is eager to ascend to leadership roles and confident in their abilities.N...

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'Power of the place'

Published January 13, 2020 |

On 1,400 acres of woodlands in Boyds Mills, Pa., sits the homestead of the Myers family, descendants of the couple who founded Highlights for Children Inc. The third through fifth generations particip...

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The mission

Published January 13, 2020 |

Highlights for Children Inc. has an iron-clad mission for both business and family, with one supporting the other. The business mission is steadfast and has been in place since the launch of the magaz...

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Resilience highlights a strong family culture

Published January 6, 2020 April Hall | Feature Article

Highlights magazine, revered by young readers and their parents since its founding nearly 75 years ago, presents educational content in format so subtle that children don’t even notice they’re lea...

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Developing effective governance: Persistence pays off

Published January 6, 2020 Katy Wilder Schaaf | Feature Article

Our family business, E. Ritter & Company (ERC), was founded in the 1880s as a general merchandise store. ERC entered the communications business in 1906 when our founder, Ernest Ritter, installed ...

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A son's push for planning

Published January 6, 2020 Hedda Schupak | Feature Article

In many family businesses, it’s the younger generation that’s eager to charge ahead and the elders who rein them in. At Summer Classics, a Pelham, Ala.-based manufacturer and retailer of luxury ou...

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