Tag: family business conflict

Transferring Family Wealth to the Next Generation: What’s Fair?

Baby Boomers are set to hand down trillions of dollars to younger generations. Family firms must consider how to transfer their ownership shares, and how much goes to whom. Around the world, an aging Read more

'Yellowstone' Mirrors Real-Life Family Business Dramas

Like many family business leaders, John Dutton struggles to uphold longstanding traditions while external competitive pressures mount and next-gens clamor for change. "Yellowstone" is an American Read more

Employees With Toxic Traits Can Still Be An Asset at Family Firms

The emotional connection that families have with their companies can encourage good performance -- even from employees with narcissism, psychopathy, and Machiavellianism. EDITOR’S NOTE: This Read more

Family Businesses Can Learn From the Battling Brothers of Oasis

Over the past month the entertainment world has been buzzing about the reunion of Oasis, one of the major bands of the '90s. This concerns brothers Noel and Liam Gallagher, who were able to rise to Read more

'Performance-Enhancing Vices': Good for Business, Bad for Relationships

Many legendary business leaders -- think Steve Jobs, or Elon Musk -- have had troubled personal lives. According to business advisor and author David Werdiger, the same traits that make someone Read more

Why Families and Their Firms Behave Badly

Sometimes the worst behavior happens for all the right reasons. Putting "family first" can jeopardize the business's health and longevity. EDITOR’S NOTE: This article was produced in partnership Read more

Attitudes Towards Money Can Cloud Family Business Decisions

In our work with business families, we encounter a wide range of approaches for establishing financial targets and making financial business decisions. Interestingly, such practices often diverge Read more

Managing Emotional Minefields Within Family Businesses

Adam looked at the customer standing at the counter in the wine cellar in disbelief. He couldn’t believe what he was hearing. He found the customer’s comments to be slightly rude. Adam felt anger Read more

Why Do We Treat Strangers Better Than Family Members?

A big relationship problem can affect not only family businesses, but also our personal lives: We often treat friends, acquaintances, and even strangers better than our own family members. In this Read more

Family Firms May Need More Legal Advice Than They Think

Families are often reluctant to anticipate and plan for the day when an unexpected transition might upend their business. The costs of inaction are high. EDITOR'S NOTE: This article was produced in Read more