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Extraordinary families take measures to create good governance structures

Published August 25, 2017 Kristen Armstrong | Advisers

 It's a topic that tends to generate strong, often surprisingly emotional reactions: how to manage the governance concerns of a family enterprise. If nothing else, those in the room typically sna...

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Hard work pays off on the family farm

Published August 25, 2017 April Hall | Departments

Kolt Kyler is a 9-year-old farm-working, grandmother-helping, pig-raising honor roll student. He's also a baseball player—and a Chicago Cubs fan. That's how he got his 15 minutes of fame.[[{"fid":"7...

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The entitlement impediment

Published August 25, 2017 Brian Russell | Departments

Many of my colleagues express frustration that their clients are resisting or delaying implementation of expertly (and expensively!) crafted strategies. Our best-laid plans are only as good as our cli...

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Celebration Corner: Carolina Beverage Corporation's 100th anniversary

Published August 25, 2017 | Departments

By April HallThe Business: L.D. Peeler was a franchise bottler for Mint Cola in Salisbury, N.C., but wanted to create a beverage of his own. He often experimented with soft-drink recipes.[[{"fid":"738...

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At the Helm: Paul Darley

Published August 25, 2017 | Departments

By Patricia OlsenGeneration of family ownership: Third generation at the helm with some owners in the fourth generation.Company revenues: $185 million (2016).Number of employees: 240.Years with t...

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Ask the experts

Published August 25, 2017 | Departments

My question concerns a family-owned real estate development company with extensive commercial and residential holdings. It's been in business for three generations. The company is small in manpower, a...

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Publisher's Note: Swimming with the sharks

Published August 25, 2017 | Departments

By Caro U. RockLike 6 million other loyal viewers who watch the television show Shark Tank, I am addicted. Shark Tank features budding entrepreneurs who rapidly pitch their new business idea...

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Editor's Note: Facing forward

Published August 25, 2017 | Departments

By Barbara SpectorIn October 2015, Jeff Westphal, the second-generation CEO of Vertex Inc., announced he would leave that position at the King of Prussia, Pa., company, which provides corporate tax so...

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Planning a smooth ride for future generations

Published August 25, 2017 Hedda T. Schupak |

Without trucks, America stops.Virtually anything Americans touch likely rode on a truck at some point, notes Terri Hermann. And in the Northeast or parts of the Southwest, there's a good chance it rod...

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How to achieve EXTRA EXTRA family unity

Published August 25, 2017 | Feature Article

By Barbara SpectorNo matter how well your relatives bond at family meetings, these gatherings have limitations. If your family is large and dispersed, it's impractical to meet more than once a year an...

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The Duchossois Group focuses on developing leadership for the future

Published August 25, 2017 | Feature Article

By Margaret SteenThe Duchossois Group Inc. has come a long way since its founding in 1916 by A.J. Thrall and his brother-in-law as Thrall Car Manufacturing Company, a small freight car component repai...

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Families aim for more control at Ford, Nordstrom

Published August 25, 2017 |

By April Hall[[{"fid":"7308","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Nordstrom","field_file_image_title_text[und][0][value]":false},"type":"media...

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Four years in, NextGen business ferries success

Published August 18, 2017 |

By April Hall[[{"fid":"7323","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Dan Campagna, front row, right, founded Everyday Freight with a loan from hi...

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Help your kids parry classmates’ comments about wealth

Published August 17, 2017 |

By Barbara Spector[[{"fid":"7297","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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Family firm’s stand shines light on brand protection

Published August 14, 2017 |

By April HallWhen images of white supremacists carrying TIKI Brand torches during their Aug. 12 protest in Charlottesville, Va., hit the news, the family-owned business that makes the torches took to ...

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Getting away from vacation home conflicts

Published August 14, 2017 |

By Barbara Spector[[{"fid":"7288","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"The \"Big House\" on Rock Island in Tennessee.","field_file_image_title...

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A sign that you need family governance

Published August 14, 2017 |

By Barbara SpectorMany owners of multigenerational family enterprises say the key to their continued success is solid family governance. This usually includes formal, written policies as well as a for...

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Changes in values signal needed business discussion

Published August 11, 2017 |

By April Hall[[{"fid":"7279","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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Daughter's allegation affects reputation of Bulleit bourbon brand

Published August 7, 2017 |

By April Hall[[{"fid":"7269","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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No Summertime Blues at These Family Businesses

Published July 28, 2017 |

By April Hall[[{"fid":"7250","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Michael Cortez, center, with daughter Ashley and son Elijah.","field_file_im...

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