Why would a man, who founded and built one of the largest most successful companies in the world, decide to step away? On the outside it seems to make no sense and indeed it made news with many people asking the same question. But this is a question that all business founders must ask themselves, when do I step down and who do I turn the company over to?
Many family business leaders never question whether to have a board of directors. If the business is set up as a corporation, most of the time it is legally required to have a board of…
Ask any family business advisors to identify the top three family business challenges and odds are good the reply will come instantly: Succession, succession and succession. Next will come a broad smile as the point…
Jeff Bezos, founder and CEO of Amazon, has amassed an online empire that’s valued in the neighborhood of $247.6 billion. Despite his billions, Bezos doesn’t have all of the answers. Recently, for example, his “friendly…