Operating a business can be stressful; and when that business is family owned, there can be heighten stress and conflict brought on by the intangibles. For example, I see a…
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Years after working in his father’s shoe repair shop, George Vlagos has returned to his roots and is carrying on the family business with his own shoe-making business, Oak Street…
Ford Motor Company is doing CEO succession right. On May 1 they announced that Mark Fields, a 25-year company veteran, will replace Alan Mulally as CEO and President, effective July…
Eric Bassett, 20, started working for his family’s business, Bassetts Ice Cream, in Philadelphia when he was only 15 years old. The company has been in business since 1861 when…
Randy Marten, CEO of Marten Transport, has played an active role in the immense growth of the trucking company his father founded in 1946, pushing the family business to become...
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Car dealer Jim Estabrook has no immediate plans to retire. But 25 years ago, he started his plan to ensure his family would be financially secure after he passed away….
This past February, the third season of Duck Dynasty debuted with 8.6 million viewers, the most of any show in A&E’s 29-year history. Duck Dynasty, which is about the Robertson…
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…
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….
Given the fascination – and headlines – devoted to family shenanigans at companies like Adelphia, Imclone, and Martha Stewart Inc., it is no wonder that myths of family business continue…