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Family Governance
Overpaying Family Members is Dangerous
Larry’s wrong notion of compensating family members is common among founders and business leaders.
February 23, 2021
Family Governance
Family Employment Equals Cheap Labor
February 16, 2021
Family Governance
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
Family Governance
Are You Compensating Your Children the Right Way?
February 02, 2021
Family Governance
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
Family Governance
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
Family Governance
The Dangers of an Ownership Mindset
It is therefore important for founders preparing the leadership transition to acknowledge that they have the potential to destroy their families through poorly planned and unclear succession processes.
January 11, 2021
Family Governance
Family Business Stewardship Is a Lasting Gift
They realized that the signing of the constitution triggered a change process that carried with it the curtailment of many privileges.
December 29, 2020
Family Governance
How to Manage a 141 Year Old Family Enterprise?
While other conflicted families have managed to keep themselves under the radar, they are not spared from vicious infighting.
December 07, 2020