More than 90% of all companies are family companies and a third of companies in SP 500 index have a family element. Yet thanks to a combination of demographics and changing social mores, many family firms now face the ultimate threat to their survival: a shortage of heirs. The best family firms are not just engines of progress and innovation, but are repositories of public trust
Family companies are experiencing heir loss on January 24, 2024 at 11:04 am