News A collection of family business related articles from the leading business publications

OCTOBER 2010

"The End of Management"
Great article describing the downfall of corporate bureaucracy.   Family businesses are in a great position to practice this modern management concept. Actually, many have been doing it for quite some time.

Family Meetings-Who's Invited?
Those who live together, work...never mind. Choosing and reaching consensus on which family members will be invited to participate in business family meetings dredges up family issues which are sometimes better left behind.

The 5 Habits of Highly Successful Non-Family CEO's
These five traits will go a long way to establishing the success of a non-family CEO, but ultimately it still comes down to the willingness of the family to accept the role of the individual.

Dad, You Must Retire at 65
Symington Family Estates, a leading port wine producer has some unique succession planning ideas. Family members must retire by age 65 is one of many rules that help the longevity of this fourth generation family business.

"The last thing we need is for her to cry on television"
"For a former housewife suddenly handed the family business seven years ago, Hyun Jeong-eun, chairwoman of Hyundai Group, has quickly learned how to rally the troops."

Employer of Last Resort
"In increasing numbers, parents are viewing business ownership as a better bet for their children's future than advanced college degrees"

"Hard Lessons for Business Wealth Managers"
"Current methodologies relied too heavily on volatility as a measure of risk, while seriously underestimating counterparty risk and the inherent risk of excessive complexity".