Passing the baton: Creating value through CEO succession at family businesses

A thoughtful CEO succession plan in a family-owned business can both protect the family’s vision and achieve institutional renewal. The act—or art—of CEO succession represents a major inflection point for family-owned businesses (FOBs). Consider the case of a multibillion-dollar European family conglomerate that has effectively navigated five cycles of CEO succession in its 150 years. Its […]

Succession risk or smart move? Why Gen X is increasingly missing out on the family business

Family business owners are increasingly choosing to pass leadership directly to grandchildren rather than to their own children. It’s a shift that reflects changing demographics, longer leadership tenures and evolving views on legacy, according to Ben Persofsky, Head of the Center for Family Business at Brown Brothers Harriman, who has been sharing his insights with InvestmentNews. […]

MIT Sloan Executive Education: Succession in Family Enterprise is Changing: It s a New Era

Hannibal Myers @ MUFC26

Hannibal Myers Co-Founder Global Restaurant Hospitality Group SESSIONS Thu Mar 26, 8:30 AM – 10:00 AM PDT / 11:30 AM – 1:00 PM Your local time   (1 hour, 30 min) High-Impact Growth Workshop – NEXT GEN SUCCESSION PLANNING TRACK: Enterprise Growth with the Exit in Mind – Panelist Multi-Unit franchisees must design a future-ready enterprise that can grow today while preparing for a smooth, profitable transition tomorrow. This workshop focuses on building a clear succession roadmap, […]

WHY IS FAMILY BUSINESS SUCCESSION SO HARD? AND WHAT SHOULD WE DO ABOUT IT?

Glenn Kurlander This article examines the difficulties involved in family business succession and how planning that addresses qualitative challenges can result in successful transitions. So, did you hear the one about the family business? You know, the one that, just like only 13% of family-owned businesses in the United States, failed to make it to […]