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siblings

Set the thermostat on low and see your firm flourish

May 1, 2005

The young woman turned to the man sitting next to her in the restaurant during a break in a family business seminar and said: “You idiot! You’re going to make a mess of our recruitment like you did last time.”

Nigel Nicholson teaches organisational behaviour at London Business School, and is director of the Leadership in Family Business Research Initiative (LIFBRI). www.london.edu/family_business

Good governance is key to a fair share for all the stakeholders

May 1, 2005

Deep-rooted resentments among siblings can stem from childhood and blight the running of a family’s business. Andrew Keyt explains how effective systems of regulation and open communication between all parties can smooth the path of a company’s trajectory

Andrew Keyt is president of the US chapter of FBN International and executive director of the Loyola University Chicago Family Business Center

Deep-rooted resentments among siblings can stem from childhood and blight the running of a family's business. Andrew Keyt explains how effective systems of regulation and open communication between all parties can smooth the path of a company's trajectory

Sibling rivalry and the quest for an easy transition to leadership

May 1, 2005

Passing the baton of leadership to the next generation is often fraught with problems. Dennis Jaffe outlines the hurdles faced by two sets of siblings and describes how they achieved harmony in their relationships, as well as ensuring success for their businesses

Dennis Jaffe is a founding member of the Aspen Family Business Group. www.aspenfamilybusiness.com

A sibling partnership assumes a ‘reluctant’ responsibility for the family business

January 1, 2005

Clements is a third generation family business which manufactures specialised tools for the construction industry.

Clements is a third generation family business which manufactures specialised tools for the construction industry. There are 80 full-time-equivalent staff, increased as seasonal production requires. In Clements, the third generation siblings were thrust into a sibling partnership when their father died and bequeathed them the business a decade ago. However, the bequest was inequitable – 10% for the daughter and 90% for the son. The business was not in a condition conducive to a positive sale so alternative decisions needed to be made urgently.

Adult siblings in family business: dreams defer to reality

November 1, 2004

Running a business with siblings can be rewarding – but is often hard and stressful, too. Entrepreneurial parents can smooth the path by clarifying rules early on, and entrepreneurial siblings must set their own rules as well, explain Renata Bernhoeft and Drew Mendoza

Drew Mendoza is the managing principal of the Family Business Consulting Group.
Renata Bernhoeft is a principal with Bernhoeft Consulting in Brazil.

For Queen, country and Bridget Jones

November 1, 2003

It’s a tough job making underwear fit for a monarch, but Rigby and Peller are the experts

Melanie Stern is Section Editor of Families in Business magazine.

It's a tough job making underwear fit for a monarch, but Rigby and Peller are the experts

The in-law dilemma

September 1, 2003

The dilemma of accepting, as an in-law, an opportunity proffered within a family business can be a difficult one. Make sure you know exactly why it’s being offered before accepting the ‘challenge’

David Gottlieb joined his brothers-in-law and father-in-law in a Chicago-based family real estate business in 1996. In 1999, he and his in-laws founded Full Circle Communities, Inc, a philanthropic nonprofit devoted to the preservation and management of affordable housing, of which he is executive director.

The dilemma of accepting, as an in-law, an opportunity proffered within a family business can be a difficult one. Make sure you know exactly why it's being offered before accepting the 'challenge'

Overwhelmed and unsure

April 1, 2003

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc (“County”) that thrived during a highway construction boom.

In the late 1950s Harold Reynolds, as sole owner, founded a gravel and crushed stone business, County Gravel, Inc ("County") that thrived during a highway construction boom. Harold and his wife Gladys equally, as the Reynolds Limited Partnership ("the Partnership"), own the real estate where County conducts its active business. Gladys and Harold have three children: Bill (48), Cathy (44) and Ricky (42).

The HP-Compaq merger

January 1, 2003

Battle for the heart and soul of a company

Professor Randel S Carlock is the Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership, and Director of "The Family Enterprise Challenge" executive programme at INSEAD. Elizabeth Florent-Treacy is Research Project Manager at INSEAD.

Battle for the heart and soul of a company

Minimising sibling rivalry

September 1, 2002

Sibling rivalry is an added complication in the life of a family business and has the potential to destroy both families and their businesses. Achieving a harmonious partnership requires commitment and is a challenge that needs to be faced with conviction

Paul Hennessy is the partner-in-charge of PricewaterhouseCoopers' Family Business Service practice in Ireland.