Article Library



Fiduciary responsibility in the age of de-personalization

Published April 29, 2019 Whittier Trust | Feature Article

There are several qualities expected from the people who manage your money and perhaps a shorter list of critical components required for a successful long-term fiduciary relationship — trust, loyal...


Family Business Magazine work honored

Published April 24, 2019 |

Family Business Magazine recently received five regional 2019 Azbee Awards of Excellence.The awards, presented by the Mid-Atlantic Region of the American Society of Business Publication Editors, honor...


H&R Block co-founder Henry Bloch dies at 96

Published April 23, 2019 |

Henry W. Bloch, co-founder of the H&R Block tax-preparation company with his late brother, Richard, and a noted philanthropist in his hometown of Kansas City, died April 23. Mr. Bloch, who was 96 ...


Family Enterprise Forum: May 8 in NYC

Published March 29, 2019 |

The Family Enterprise Forum, presented by Family Business Magazine and PwC on May 8, will help family enterprise owners navigate a range of challenges as they manage their business and protect their w...


What family businesses can learn from Theranos

Published March 25, 2019 |

By Barbara SpectorLike many Americans, I was obsessed by the story of Theranos and its young founder, Elizabeth Holmes, in mid-March. My book club read Bad Blood: Secrets and Lies in a Silicon Valley ...


Bassetts Ice Cream: Cool since 1861

Published March 22, 2019 |

By April HallIf you are in business for more than 150 years, you must be doing something right. But to stay competitive, you still need to learn and improve.[[{"fid":"10515","view_mode":"default","fie...


MacLean-Fogg manages multiple transitions

Published March 21, 2019 Margaret Steen | Feature Article

Although many people have encountered MacLean-Fogg Co.’s products, they probably haven’t noticed them, unless they’ve looked at the hardware that sits atop telephone poles or the parts insi...


Ironing out the planning details

Published March 21, 2019 Maureen Milford | Feature Article

Murray Berstein, founder of Nixon Medical in New Castle, Del., was determined to take the right steps to ensure the future of his medical apparel and linen business when he and his sons hired a consul...


Vermeer comes back strong from tornado damage

Published March 21, 2019 Barbara Spector | Feature Article

On Thursday, July 19, 2018, the family leaders of Vermeer Corporation shifted gears from marking the 70th anniversary of the business to managing a crisis after a tornado struck the company’s Pella,...


Signs you may be ready to consider a family office

Published March 21, 2019 Dan Terlep | Advisers

When a family experiences a liquidity event, such as the sale of the family business, they may feel as if they’re entering an uncertain phase of life.[[{"fid":"10581","view_mode":"default","fields":...


Heeding early warning signs can transform business risk into success

Published March 21, 2019 Sheon Karol | Advisers

The decline of a family business can be heartbreaking. Often the extended family loses much of its fortune and the financial security of future generations is at risk. Why does this happen, and, if yo...


Developing confidence and clarity in family business decision making

Published March 21, 2019 Dennis Morton Jr. | Advisers

Our family relationships and our feelings about money bear some interesting similarities. A lifetime of interactions with relatives, especially in a business environment, can create complex relationsh...


It pays to plan for the worst

Published March 21, 2019 Barbara Spector | Departments

As I write this, rumblings of an impending recession are getting louder. In January, Deloitte released a survey of 147 corporate chief financial officers that found 55% expected a U.S. recession by th...


Seeing pink

Published March 21, 2019 Caro U. Rock | Departments

One of my four granddaughters had her fifth birthday party recently, and as I watched the cousins play together, I realized that one day one of them may become CEO of our family business. When my gran...


Family Matters March/April 2019

Published March 21, 2019 |

Adam Marquis has been promoted to president of family-owned Pacifica Hotels, the largest owner and operator of boutique hotels on the Pacific Coast.Marquis, a second-generation member of the Marquis f...


Dueling Perspectives: Bill Quigg and Todd Schurz

Published March 21, 2019 April Hall | Departments

Installing professional governance in the family business helps take personal dynamics out of company decisions and strategic planning. Objective advice from independent board members can help prevent...


At the Helm: Kari Rihm

Published March 21, 2019 Patricia Olsen | Departments

Generation of family ownership: Third.Company revenue: $220 million in 2017 from our three companies: Rihm Kenworth, Rihm Leasing and RMC Truck Parts. Rihm Kenworth is the second-oldest Kenworth truck...


Celebration Corner: Gallagher Asphalt's 90th anniversary

Published March 21, 2019 Barbara Spector | Departments

The Business: James F. Gallagher Sr., a native of Chicago’s South Side who didn’t make it past fifth grade, began selling liquid asphalt after “working here and there in sales,” says his grand...


A chocolate-coated history

Published March 21, 2019 April Hall | Departments

Delaware is a small state, which makes it easy for people to build reputations — good or bad.Govatos Chocolates, based in Wilmington,  has a great reputation. Founded in 1894 by a Greek immigra...


FEUSA seeks family business owners’ opinions

Published March 18, 2019 |

Family Enterprise USA, 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 about the...