The king is dead
Article Abstract:
Many family-owned businesses do not have a succession plan. As a result, only about 33% of family businesses survive in the second generation and only 10% to 15% continue to exist to the third generation. When the head of the business dies, the most common response of the new owner or shareholder is to sell out and leave the troubles of managing the company to others. This approach is not always the best strategy because it can threaten the future of the company. Two women prove that refusing to sell out can be a viable option. Janet Holmes a Court decided to manage Heytesbury Holdings after her husband died, as did Gloria von Thurn und Taxis, who now also successfully heads the business left by her husband. When planning for succession, individuals should look at the economic ownership of the business as well as the tax implications of their options. A family trust is recommended as an effective way to prevent chaos when the leader dies.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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Left turn at Brandenberg
Article Abstract:
The leftist Social Democratic Party is forecast to win in Germany's general elections in Sep 1998. Led by Gerhard Schroder, the party has reportedly won the support of the press because of Schroder's alleged sensibility in tackling political and economic issues. The general election, which supports several similarities with the UK's general election in 1997, is anticipated to dwell on economic and business issues plaguing the country. These issues correlate with concerns related to the labor market, unemployment, tax reform proposals, job creation, and international trade opportunities. In addition, the voting pattern of Germany's general elections is expected to be influenced significantly by political extremism.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1998
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It's a hot potato, but he can handle it
Article Abstract:
DuPont's CEO, Chad Holliday, believes genetically modified organisms are the key to providing the food the world will need in the future. Holliday is determined to change his company's image from a provider of explosives, chemicals, and energy to an emphasis on life sciences and genetically altered seeds.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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