All in the Family: How to build (and maintain) a successful family business

Family-controlled businesses have flooded global media outlets in the past weeks as Bernie Madoff’s brother pled guilty to criminal charges last week and the Murdochs squabbled over News Corporation. Though business families like these often gain notoriety, it is just as often that family run organizations are actually quite successful and well managed (not to mention legal). Nearly 35% of Fortune 500 companies are family-controlled, from Wal-Mart to Koch Industries and Panasonic, proof that …

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