There’s a nice video on families hanging together in today’s New York Times.
Does a family firm provide greater job security in an economic downturn?
Not necessarily. Not in the case I’ll call ABC Stores, a retail chain with 200 employees. The second-highest salary is that of brother Andy, whose sister, Marilyn, has been wishing for years [...]
Posts Tagged sibling partners
Subscribe to sibling partnersFamily firms in a downturn
Friday, April 17th, 2009Whose Wealth Is It?
Monday, July 30th, 2007Phil and Marty Edwards have co-owned Edwards Brothers, multiple franchise holders in the moving industry, since their parents died twelve years ago. Despite a seven year age difference, the brothers and their families are close. Marty, VP for Operations, has a more expansive vision for the businesses, but has yielded to Phil’s conservatism. “My day will come,” he told me.