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US family businesses

Letter from the US: Live longer and prosper
July 3, 2018

Americans are living longer. Forty years ago, average life expectancy was 73.5. Today the average US citizen can expect to blow out candles on their 79th birthday. Even living to 100 was once consigned to science fiction. No more.

Americans are living longer. Forty years ago, average life expectancy was 73.5. Today the average US citizen can expect to blow out candles on their 79th birthday.

Even living to 100 was once consigned to science fiction. No more.

Indeed, getting long in the tooth has caught the eye of finance wonks at UBS, the Swiss bank, whose latest report probes investment intentions of would-be centenarians.

Letter from the US: ‘You all just got a lot richer’–for now
March 14, 2018

Last Christmas came early for millions of Americans when US president Donald Trump signed a $1.5 trillion Republican tax reform bill into law. “You all just got a lot richer,” Trump told wealthy friends at his private Florida club after endorsing the first major overhaul of US tax laws in 21 years...

Last Christmas came early for millions of Americans when US president Donald Trump signed a $1.5 trillion Republican tax reform bill into law. “You all just got a lot richer,” Trump told wealthy friends at his private Florida club after endorsing the first major overhaul of US tax laws in 21 years.

Hardly a tactful quip, but when has Donald Trump fretted over tact? Analysts say the president may be $15 million personally better off.

Letter from the US: Family businesses investing in the long term
August 8, 2017

The root of family-owned advantage comes from many sources, such as a mutual loyalty with employees and a mission that matters. But a big factor is independence from equity markets and therefore intense earnings scrutiny. This allows management for the long term.

Family portrait: The Perdue family
May 27, 2016

Third-generation poultry business Perdue Farms, owned by the eponymous family, is one of the largest privately-owned businesses in the world. Based in Maryland, US, it has 19,000 employees, and revenues of $6.3 billion.

Third-generation poultry business Perdue Farms, owned by the eponymous family, is one of the largest privately-owned businesses in the world. Based in Maryland, US, it has 19,000 employees, and revenues of $6.3 billion.

Book Reviews: Hess - The Last Oil Baron
May 12, 2016

There are very few family business stories as exciting, interesting, or unpredictable as Hess Oil and its founding father.

Infographic: Breaking down the top 13 wholly-owned US family businesses
May 10, 2016

If they were a sovereign state, the 13 largest wholly-owned family businesses in the US would have the 45th largest GDP in the world, despite having a population only slightly larger than Suriname.

Top 10 Wholly-owned US Family Businesses
May 10, 2016

From Koch Industries to Advance Publications, Campden Research has compiled the first-ever list of the Top 10 wholly-owned US family businesses – a group we’ve dubbed ‘The 100% Club’

Tension over succession brews at third-gen media empire Viacom
February 5, 2016

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

 

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

Her father, Sumner Redstone, 92, announced his retirement on Thursday. He had announced his retirement as chairman of the family’s other media empire CBS on Wednesday, where he will be replaced by its existing CEO and president Leslie Moonves.

Sumner Redstone’s expected resignation from family empire could create leadership battle
February 4, 2016

Sumner Redstone’s expected resignation from family media empire Viacom today could unleash a succession battle between its non-family chief executive and his daughter, Shari, who has released a pointed statement about leadership at the company.

Sumner Redstone’s expected resignation from family media empire Viacom today could unleash a succession battle between its non-family chief executive and his daughter, Shari, who has released a pointed statement about leadership at the company.

Nonagenarian Redstone, 92, announced his retirement as chairman of the family’s other media empire CBS yesterday, where he will be replaced by its existing CEO and president Leslie Moonves.

Financial crisis delays family business succession planning for Baby Boomers
February 3, 2016

The global financial crisis has messed with retirement timelines in family businesses, according to research out of the US, as Baby Boomers have focused on keeping their businesses afloat rather than succession planning.

The global financial crisis has messed with retirement timelines in family businesses, according to research out of the US, as Baby Boomers have focused on keeping their businesses afloat rather than succession planning.

Despite the fact that 62% of senior-generation owners plan to pass on their business within the next decade only 35% have a clear succession plan, the Kreischer Miller report said. Over half (51%) do not have a succession plan at all.

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