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Second Generation Complacence

“Oh I just love this house,” Emily (her real name) said as she was checking out. “It’s a shame it's fallen into such disrepair. We have so many memories over the years, but we can’t stay here next time we’re at the beach.” Emily loves going to Seaside, a wonderful community on 30A in the Florida panhandle. Her family has been going there since her children were young. For the past few years, she and her husband Jim Read More

The Probable Dysfunction Within a Family Business

I’m so glad it didn’t work out the way I planned. When I resigned from the Walt Disney Company in 1995 to acquire a radio business in Nashville, I had visions of bringing one or all three of my children into the business. The fact they were under the age of seven at the time didn’t dissuade my enthusiasm, I had plans for a “family business.” When I explained to my boss at Disney why I was leaving such a great job, I Read More