Tag Archives: shareholder

Information and Communication: The Challenge of Data Overload

A keynote speaker I heard twenty years ago, who promoted himself as a ‘futurist’, made the point: “don’t worry about the trash, we’ll find a way to deal with all the trash as better recycling technologies arise.  The thing you’ve … Continue reading

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What’s in a name? Use the right words to describe the family meeting

The caller told me that in her family, they have a family meeting every six months.  I asked who is invited to the meeting: “All of the family members who own stock” she said.  Spouses? “Nope.”  Siblings who don’t work … Continue reading

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Three ingredients to multi-generational firm success

Over the last twenty-plus years of working with and observing multi-generational family businesses, three attributes common to the oldest, largest and best performing ones seem to present themselves repeatedly.  First – the family shareholders are aligned around matters of vision, … Continue reading

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CFO Issues

We were recently with a forum of 10 non-family CFOs of large family businesses. When asked what are the “family business” issues most on their mind, they responded with the following (in no particular order): Airplane use Incentive compensation Board … Continue reading

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The Pygmalion Effect on Responsible Management

  As Henry Higgins expectations of Liza Doolittle transformed her image of herself, our expectations of those in top management positions may explain their behavior.   The ongoing revelations about the failures of chief executives to manage the companies they serve … Continue reading

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SHOULD YOU HAVE A SHAREHOLDER (BUY-SELL) AGREEMENT ?

Going into business with a parent, child, sibling, in-law, or cousin both demands and assumes a certain level of trust. But, you need more than good faith and a firm handshake. Future disagreements and unexpected events can occur and tear apart … Continue reading

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Stock Market Convulsions – Lessons for Families

Last week was a great lesson in the consequences of emotional reactivity to business information.  Monday’s news was gloomy – business conditions had eroded from earlier projections and the debt deal wasn’t enough.  The Dow was in a free fall … Continue reading

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Invited Accountability

Business families with “accountability issues” often describe them in two ways.  The shareholders who do not work in the business, whether actual shareholders or family members in line to inherit, will see it one way: My relative running the company … Continue reading

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