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Summer 1993

Trusting the Business to Trustees

A trust can be a valuable interim way to run the business while next-generation leaders get ready.

Guarding the Family Name

Ernest Gallo felt his brother's inexpensive cheese cheapened the wine family's name. He vowed to stop "Joseph Gallo Cheese" and forced a battle in court.

The Immortals

Tradition and dynamism sustain the world's greatest family businesses.

Twelve Tasks in Succession

Planning a leadership transition is hard, stressful work. Not every family has the stamina to stay the course, or the courage to face the choices that must be made.

Sweet Company, Bitter Fight

After buyout talks failed, one side of the Blommer Chocolate family sold 50 percent of the voting stock to Cargill Inc.

Anticipating the Needs of the Grandkids

An irrevocable trust can protect the beneficiaries and encourage their career achievement.

How To Build A Dynasty

Beretta—the name is synonymous with elegant weaponry. Ugo Gussalli Beretta, 13th-generation leader of the Italian dynasty, reveals the secrets of remaining a family business for five centuries.

Family Employees Should Not Be Fireproof

Dismissing a relative is never easy. But the company can't afford those who subvert the goals of management.

Key Choices To Be Made Before Planning Starts

A succession strategy articulates how the process will be carried out and the values guiding it.

What Your Banker Needs To Know

A study compares what you value most in a banking relationship—with what bankers think you value.

‘Why Does This Kid Want To Work?’

When the Mennen Company was sold last March, one well-qualified scion faced rampant prejudice by employers and bosses. Be prepared, he warns.

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