Preparing the next generation for leadership is an important mission for family businesses. But all too often, the comfortable lifestyle that family wealth makes possible does not do the younger
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From left to right, Kieran Culkin, Jeremy Strong, Sarah Snook and Brian Cox in HBO's "Succession." | Credit: Photograph by Graeme Hunter/HBO Editor’s note: This article
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Family businesses everywhere are responding to the succession challenge in profound ways. Preserving cherished family traditions and relationships is just as important as preserving the wealth of the
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Part 2 of a two-part series. Read part 1 here . Succession is a difficult process – and it is even more challenging in cases where divorce and adoption complicate family constellations. In
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David Bentall found out the hard way that his leadership of his family's construction and real estate firm wasn't working: his own uncle removed him from the company. Losing his job was a
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Successful, long-lasting business families share an understanding of what is important to them, what they want to do together, and how they want to work together to achieve their collective goals and
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Part 1 of 2 Succession clearly is among a family business’s most challenging events and plenty of experts have weighed in on how to do it right. However, most of their recommendations are based on
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With family-owned businesses accounting for a whopping share of the economy, the nature of family members’ individual career development in that sector is important and interesting. How indeed do
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As we all know successions are rarely easy, but unexpected transitions pose a significant risk to family businesses. When Herbert Fisk Johnson, Sr., the leader of SC Johnson, died unexpectedly in
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Around the world, women have risen to the upper echelons of family businesses. But among women who are wives of the family business leader, even those involved in the business themselves, attitudes
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