Symptoms of Failed Leadership Part 2
After the first year, they start talking about restructuring, and if repayment is still in limbo by the end of this year, your friendly banker will now say, “We are going after your assets”
March 23, 2021
The Family Pay Performance Plan (PPP)
I was once asked by a founder why I was so adamant in pushing for a formal PPP in my governance intervention and my answer was straightforward: “It is the right thing to do!
March 02, 2021
Overpaying Family Members is Dangerous
Larry’s wrong notion of compensating family members is common among founders and business leaders.
February 23, 2021
Are you Compensating Your Children the Right Way? Part 2
“Family Enterprises: The Essentials” author Peter Leach remarked in his book, “In the case of siblings, for example, fairness is generally taken to mean that resources be allocated equally.
February 09, 2021
I Hope Your First Deal is a Loser
“I hope your first deal is a loser, otherwise you’ll think you’re a lot smarter than you are.”
January 27, 2021
Are your Children Overpaid or Underpaid?
By pursuing a family system of compensating relatives, unbeknownst to him, the founder or business leader has started to cultivate a culture of entitlement.
January 25, 2021