Bernard Arnault is a French business tycoon in control of LVMH, one of the largest luxury goods companies in the world, with control of over 60 luxury brands, including Louis…
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Donald Trump is one of the most famous businessmen on the face of the planet. But even the Trump dynasty isn’t immune to the challenges that all family businesses face.…
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“Casey Kasem’s family is at war,” says today’s (Oct. 2, 2013) headline on US Weekly. What exactly are they fighting about? According to Kasem’s daughter, Kerri, they just want to…
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To reinforce the impression of superiority, children are often sent to the finest private prep schools, attend world-renowned universities, travel to areas of the globe most citizens only hear about…
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While for some children it is their fervent drive to outdo their parents that hinders their success, others face the opposite problem of diminished self-confidence. Outsiders often dismiss the rank…
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“It is like a magic sword: it gives the holder rare powers, but only the mightiest of warriors can keep from being nicked themselves by the blade.” – John Sedgwick,…
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It’s no secret that a family business advisor needs considerable skill at untangling complicated personal relationships in addition to expertise in business areas such as financial management, strategy, and succession…
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If you ask almost any family business advisor to identify the right time to form a board of directors, the answer will be forthcoming almost instantaneously. “Right now.” This is…
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Children who are indulged in bloated salaries and do-nothing jobs aren't being helped and will likely not be happier as a result. And these types of indulgences significantly hurt the…
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Too often, sweeping potential conflict under the rug is what happens in family enterprises. Rather than respectfully addressing problems that could cause strife, they are ignored and allowed to fester…
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