March/April 2018

In this issue

  • From slave labor to thriving business: The storied history of McKissack & McKissack

    In the fifth generation, twin sisters went separate ways professionally while keeping the family together.

     

    Women at the wheel

    Perseverance is the key to success for women whose family businesses operate in male-dominated industries.

     

    Barbara Moran-Goodrich was told she would never run her family’s automotive business because she was a woman. Her father told her this several times, in fact.

    Women's progress: Steady but slow

    In a book of family business cartoons published in 1990, women are depicted as nagging wives, wealthy widows, marriageable daughters and “Ms. Buxum,” the secretary. We’ve come a long way, baby.

    #MeToo can affect you, too

    The #MeToo movement, sparked by October 2017 articles in the New York Times and New Yorker detailing sexual harassment and assault claims against film mogul Harvey Weinstein, triggered an ongoing wave of allegations that has felled once-powerful figures in Hollywood, politics, the media, the hospitality industry and other fields.

    Privately owned family businesses should not ignore investor relations

    Visit the website of any publicly traded company, and you will find a link to the “Investor Relations” section. The purpose of the investor relations function is to promote effective communication between the company and its current and prospective investors. While the Securities and Exchange Commission requires public companies to make certain disclosures, the ultimate goal of investor relations is to ensure that the company’s stock is trading at a fair price. Privately held family businesses are not subject to SEC reporting requirements and have no public stock price.

  • Family Business Magazine mourns the loss of its founder

    Milton L. Rock — loving and beloved patriarch, perceptive businessman, community-minded philanthropist and forward-thinking magazine founder — died at home of natural causes on Jan. 27, 2018. He was 96 years old.

    Dr. Rock was the managing partner of Hay Associates, a compensation and human resources consulting firm that was sold to Saatchi & Saatchi in 1985. (Today, it is part of Korn Ferry Hay Group.) After the sale of Hay, Dr. Rock formed MLR Holdings LLC along with his son, Robert H. Rock, and the late Charles E. Fiero, both of whom had worked with him at Hay.

  • New ideas from a new generation

    Travis Klassen was a 25-year-old high school dropout working for his family’s Canadian trucking company, Valley Carriers, when he started studying business leadership and realized how little he knew about the family business. How was the company structured? What were its financials like? Was the company making enough money to provide jobs for him, his brother and his cousins that would support them as their families grew?

  •  

past issues you might be interested in