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Traditions reunite family, business

Published November 17, 2017 | Departments

By Michael D. DeVineI 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 fath...

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Celebration Corner: The Verdin Company's 175th anniversary

Published November 17, 2017 | Departments

By Barbara SpectorThe 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 a...

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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 | Departments

By April HallThe 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 Gove...

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The strategic way to do your planning

Published November 17, 2017 | Departments

By Barbara SpectorFamily 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 plann...

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Risky business down on the farm

Published November 17, 2017 | Feature Article

By Patricia OlsenRisk 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 yogur...

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Moving into the future

Published November 17, 2017 | Feature Article

By Margaret SteenStevens Brothers Cartage and Storage was founded in 1905 in Saginaw, Mich., to haul steamer trunks using horse-drawn drays. Today The Stevens Group, still based in Saginaw, is a full-...

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Business Mindset Helps Omaha Steaks Meet Challenges

Published November 17, 2017 | Feature Article

By Dave DonelsonBruce Simon, the fifth-generation CEO of Omaha Steaks, has a theory to explain why the direct marketer of beef and other foods survived to mark its centennial this year. “The si...

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How to avoid family philanthropy conflicts

Published November 15, 2017 |

By April HallOn National Philanthropy Day it’s important to revisit some of the important questions and concerns a family business should address when contemplating family philanthropy or a family f...

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Ferrero is buying Ferrara

Published October 20, 2017 |

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Financing Sources and Solutions for Family Business Growth Capital Needs

Published October 17, 2017 David Guin | Feature Article

Family businesses, like all businesses, must grow in order to survive and thrive.  As the saying goes, business is like a foot race on a road made of live crocodiles. If you keep moving, they wil...

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The moral of the Harvey Weinstein saga

Published October 9, 2017 |

Family businesses must oust harassers -- no matter who they are.By Barbara Spector[[{"fid":"7482","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"f...

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Will the Oracle of Omaha Be Pilot Flying J’s Savior?

Published October 6, 2017 |

Giant family-owned truck stop chain with scandalous history becomes part of Warren Buffett’s portfolio.By Barbara Spector[[{"fid":"7478","view_mode":"default","fields":{"format":"default","field_fil...

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Bacardi Comes Through with Puerto Rico Hurricane Relief

Published October 3, 2017 |

By April HallAs Hurricane Maria pummeled Puerto Rico, the Bacardi family made plans to help the island, working with its private company’s board and executives to line up the necessary resources for...

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The toy business: Not all fun and games

Published October 2, 2017 |

By Barbara SpectorThe news that the Toys R Us chain had filed for bankruptcy hit me hard.[[{"fid":"7466","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":f...

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Lessons for Family Businesses Hit Hard by Irma & Harvey

Published September 14, 2017 |

How one New Orleans business recovered after Hurricane KatrinaBy April Hall[[{"fid":"7436","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"field_fi...

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Dueling Perspectives

Published August 29, 2017 | Departments

By Barbara Spector[[{"fid":"7554","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"...

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Effective facilitation can improve family council meeting productivity

Published August 25, 2017 Jeff Strese | Advisers

 Successful family council meetings are often elusive. Picture a family council meeting where the CEO and patriarch sit frustrated, waiting for several members to show. Some members are distracte...

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Why are family businesses better at weathering economic downturns?

Published August 25, 2017 Carrie Hall | Advisers

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Successful family business boards include several common elements

Published August 25, 2017 Brad Bulkley | Advisers

Corporate governance. Yawn.The words are long and drawn out—just like board meetings. You don't have time to sit in a boardroom. You've got production and sales to worry about, and you're down two c...

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